Phil Flynn

Futures Movers: Oil tumbles below $64 a barrel as demand concerns prevail

Oil falls below $64 a barrel as demand concerns prevail By Myra P. Saefong & Polya Lesova, MarketWatch WASHINGTON (MarketWatch) -- Crude-oil futures fell nearly 6% Monday to close below $64 per barrel as traders continued to...

Gas prices dive 35 cents

AAA says weekly drop is biggest since it started keeping records Jennifer Youssef / The Detroit News Gas prices fell by about 35 cents a gallon in Metro Detroit and across the state in the past week, dropping to prices Michigan...

Scourge of banks ::: Newsmaker Mark Duffy, banking chief

After 16 years, Bank of Scotland's Mark Duffy has lost none of his ability to upset the banking applecart. By refusing to participate in the increasingly threadbare deposit guarantee scheme he has surely brought forward the day...

Oil rallies, but still posts record monthly loss

Oil prices staged a late-session rally Friday as credit markets loosened, but the gain only slightly tempered a month in which crude fell by the largest monthly percentage since the Nymex contracts began trading.

Futures Movers: Oil futures close higher, but suffer record monthly loss

Crude-oil futures close with a last-minute gain, but still suffer the biggest monthly loss ever in New York as weak U.S. economic data feed concerns that a slowdown in global economic growth will continue to reduce oil demand.

Oil falls as GDP shrinks, consumer spending falls (at CNNMoney.com)

Shrinking GDP, lower consumer spending spark worries that Americans may continue to cut back. Oil prices fell below $65 a barrel on Friday as a slew of negative economic data sparked further concern that American consumers and...

Chevron Boosted By Oil Bubble

Chevron has managed to pull off a very profitable third quarter, but investors are too concerned about the implications of falling crude to care. ) said Friday that its profits in the last quarter had more than doubled from the...

Oil falls on demand fears

Shrinking GDP, lower consumer spending spark worries that Americans may continue to cut back. "Oil's starting to price in a major economic slowdown at this point," said Phil Flynn, senior market analyst with Alaron Trading in...

October set a slew of trading records, mostly bad

By Laura Mandaro & Nick Godt, MarketWatch SAN FRANCISCO (MarketWatch) -- Anyone who stomached 900-point swings on the Dow Jones Industrial Averge this month got quite a taste of the volatility that marked October trading -- by...

Oil drops falls as U.S. economy shrinks

By Chris Baldwin NEW YORK (Reuters) - Oil fell more than 2 percent on Thursday as weak U.S. economic data stirred concerns demand could plummet further. The U.S. economy shrank at an annual rate of 0.3 percent in the third...