Oil Price Hike News | Full Coverage

Delays mar first Angolan election in 16 years

Fri, 05 Sep 2008 22:04:08 +0800

By Henrique Almeida

Oil prices rise before US inventory data

Thu, 04 Sep 2008 17:02:00 +0800

Oil prices rose slightly on Thursday as markets awaited the latest weekly snapshot of US energy inventories.

Brazil considering Iran offer of OPEC membership

Thu, 04 Sep 2008 04:46:03 +0800

(Recasts, adds background)

$100 oil can limit cost of crisis - IMF's Blanchard

Thu, 04 Sep 2008 03:57:04 +0800

WASHINGTON, Sept 3 (Reuters) - The International Monetary Fund's new chief economist said on Wednesday if the oil price fell back to its $100 a barrel level, countries would be able to weather the financial crisis with a limited cost.

Asian stocks mostly down despite oil price retreat

Wed, 03 Sep 2008 18:48:00 +0800

Asian shares were mostly lower Wednesday, with China's benchmark index dropping to a 20-month low, although shares rebounded in Japan as investors took heart from falling oil prices and chased gains in the auto sector.

Airline stocks rise as oil price falls

Tue, 02 Sep 2008 22:06:01 +0800

NEW YORK (Reuters) - Shares of major U.S. airlines rose on Tuesday as U.S. crude fell more than $7 to around $108 a barrel after Hurricane Gustav proved less destructive than initially feared.

FOREX-Dollar at 2008 highs as oil's tumble gathers pace

Tue, 02 Sep 2008 20:05:01 +0800

* Dollar extends gains <.DXY> as oil price drop accelerates

Europe shares extends gains as oil falls, banks up

Tue, 02 Sep 2008 17:59:21 +0800

LONDON, Sept 2 (Reuters) - European shares extended gains in late morning on Tuesday as a sharp fall in the oil price took the edge off inflation concerns, while financials gained.

Europe stocks reverse losses; autos, airlines jump

Tue, 02 Sep 2008 16:08:35 +0800

LONDON, Sept 2 (Reuters) - European stocks reversed early losses to trade 0.7 percent higher on Tuesday morning, as a sharp fall in the oil price and a decline in the euro outweighed losses in energy shares.

Oil price slides below $110 as hurricane weakens

Mon, 01 Sep 2008 22:45:00 +0800

The price of oil tumbled below 110 dollars on Monday, reaching the lowest level in four months, as a weakening Hurricane Gustav reduced the threat of damage to energy facilities in the Gulf of Mexico.