Thu, Jul 2nd, 2009
NEW YORK (CNNMoney.com) -- One year ago, on July 3, 2008, oil prices settled at a record high -- a once-unthinkable $145.29 a barrel
On Thursday, it settled at $66.73, less than half the record price, following a $2.58 decline.
In between, a global demand surge morphed into a global economic slowdown -- one that would drive the price of oil as low as $33.87 in December -- followed by the partial recovery that has been underway since.
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Stocks struggle after yen surge, bonds strong
Jun 22nd, 2009 - Reuters
SINGAPORE (Reuters) - Japanese stocks fell on Thursday after the yen spiked to a five-month high against the dollar overnight, with investors seeking to trim riskier bets amid growing concerns about the health of the global economy.
Oil Rebounds From Seven-Week Low as Slump Is Viewed as Overdone
Jun 22nd, 2009 - Bloomberg
July 9 (Bloomberg) -- Crude oil rebounded from a seven-weeklow as traders took the view that the decline in prices duringthe longest losing streak this year was overdone.
Study: IPOs decline 8 pct in second quarter
Jun 22nd, 2009 - WTOP.com
NEW YORK (AP) - Hoover's Inc. said Monday the number of U.S. initial public offerings decreased 8 percent in the second quarter compared with a year earlier. The drop...
Report: Worst may be over for US tech market
Jun 22nd, 2009 - News & Observer
NEW YORK -- As bad as the technology market fared in the first quarter of this year, the worst may be over, at least in the United States, Forrester Research said in a report Tuesday. The research firm nonetheless revised its forecast for 2009...
Airline shares head lower as broader market slides, Delta sees 2009 swine flu loss at $250M
Jun 22nd, 2009 - ChicagoTribune.com
NEW YORK (AP) - Airline shares dropped in Monday midday trading as investors worried that the U.S. and global economies may have farther to go before recovery sets in. The AMEX Airline Index fell 4.6 percent...
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ConocoPhillips reported on Wednesday a 71 percent decline in its quarterly profit as weak demand for fuel hurt its refining business and oil prices fell from a year-ago.(Business & Finance)
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On Monday morning there has been a slump in the energy sector and so the worries about the upcoming earnings season weighed on U.S. stocks. In New York recently crude futures were down $2.54 to $64.19 a barrel, which leads to a broad decline in raw materials. The Dow Jones-UBS Commodity Index was off 2.9%.(Business & Finance)
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“Well, the price of oil has to go much higher over the course of the next decade, the IEA has come out with a definitive study that oil reserves are declining at a rate of 6% a year, well it doesn’t take much genius to figure out that in a few years there will not be any oil, so the price of oil has to go much higher."(Business & Finance)
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