Nov 6th, 2009 - BusinessWeek
Oil prices rose above $80 a barrel Friday in Asia as crude investors eyed a surge in global stock markets.
Benchmark crude for December delivery was up 47 cents to $80.09 a barrel at midday Singapore time in electronic trading on the New York Mercantile Exchange. The contract fell 78 cents to settle at $79.62 on Thursday.
Oil traders often look to stock markets for a sense of overall investor sentiment, and the Dow Jones industrial average rose 2.1 percent Thursday on better-than -expected jobless claims numbers and positive forecasts by Cisco Systems Inc. All major Asia indexes were also up in early Friday trading.
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Oil prices near $79 on US hurricane, weaker dollar
Nov 9th, 2009 - Boston
SINGAPORE—Oil prices climbed toward $79 a barrel Monday in Asia as Hurricane Ida threatened oil installations in the Gulf of Mexico. Benchmark crude for December delivery was up $1.
Oil rises above $78 as US dollar slides
Nov 9th, 2009 - Boston
SINGAPORE—Oil prices rose above $78 a barrel Monday in Asia as a weaker U.S. dollar offset signs of slumping consumer demand. Benchmark crude for December delivery was up 94 cents to $78.
NYMEX-Oil rises as Hurricane Ida threatens oil fields
Nov 8th, 2009 - Reuters
PERTH, Nov 9 (Reuters) - Oil prices rose to $78 a barrel onMonday, recouping some of the previous session's near 3 percentlosses, amid concerns that a powerful hurricane charging towardthe Gulf of Mexico would threaten oil and gas supplies...
Oil prices tumble after US unemployment report
Nov 6th, 2009 - BusinessWeek
Oil prices tumbled Friday after the government said the U.S. unemployment rate topped 10 percent for the first time since 1983. Benchmark crude for December delivery gave up $2.57 to trade at $77.05 a barrel on the New York Mercantile Exchange...
US Stocks Slip Back Into Red Despite Surge In GE
Nov 6th, 2009 - Wall Street Journal
U.S. stocks slipped back into the red Friday afternoon, despite a surge in General Electric and a pullback in oil prices. Any gains were tempered by disappointing jobs data, which added fuel to investors' simmering concerns about the pace of the U.S...
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