Phil Flynn

Oil drops over 2 percent 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. U.S. stocks gained on Thursday, buoyed by hopes that interest rate cuts 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. U.S. stocks gained on Thursday, buoyed by hopes that interest rate cuts by...

Futures Movers: Oil close with a loss of more than 2% after brief climb above $70

Crude-oil futures close with a loss of more than 2%, retreating from an earlier high above $70 a barrel as traders assess whether interest-rate cuts in the U.S. and China may help revive the global economy and spur energy demand.

Oil drops over 2 percent as U.S. economy shrinks (Reuters)

By Chris Baldwin Chris Baldwin – 1 hr 8 mins ago NEW YORK (Reuters) – Oil fell more than 2 percent on Thursday as weak U.S. economic data stirred concerns demand could plummet further. U.S. stocks gained on Thursday, buoyed by...

Economic jitters send crude back down

The latest U.S. economic report to suggest the nation has fallen into recession pushed oil prices lower on a strengthening conviction that the rest of the globe will follow. Governments, businesses and consumers cut back on...

Oil drops falls as U.S. economy shrinks (Reuters)

By Chris Baldwin Chris Baldwin – 15 mins ago NEW YORK (Reuters) – Oil fell more than 2 percent on Thursday as weak U.S. economic data stirred concerns demand could plummet further. U.S. stocks gained on Thursday, buoyed by...

Oil drops on weak GDP report

COLOMBUS: Oil prices slumped as the world's largest economy said the economy slowed in the third quarter in what figures to be the clearest sign yet that the US is now in a recession. Light, sweet crude for December delivery...

Oil drops on weak U.S. government gross domestic product report

Mark Williams, The Associated Press COLUMBUS, Ohio - The latest U.S. economic report to suggest the country has fallen into recession pushed oil prices lower on a strengthening conviction that the rest of the globe will follow....

Oil drops over 2 percent 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. U.S. stocks gained on Thursday, buoyed by hopes that interest rate cuts by...

Oil drops on weak GDP report

Oil prices slumped Thursday as the world's largest economy said the economy slowed in the third quarter in what figures to be the clearest sign yet that the U.S. is now in a recession. Light, sweet crude for December delivery...