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Crude Oil Markets

Gains in equities markets push oil prices higher

Crude oil prices gained Monday after last week’s declines after officials in the US and Europe announced more details about plans to help banks in hopes of easing the credit crisis. The gains came even though Goldman Sachs...

Oil rebounds after last week’s huge losses

Barrel of crude pushes above $81 mark after dollar weakens NEW YORK - Oil prices rebounded from a 13-month low Monday, pushing above $81 a barrel after the dollar weakened and investors trickled back into financial markets on...

Analysts predicting $200 oil back down

As oil prices zoomed toward an unheard of $147 a barrel this summer, it seemed every analyst prediction that oil would approach $200 was a self-fulfilling prophecy, until suddenly it was not. Soaring prices for oil and other...

Plunge in Russian stocks affects only the elite - for now

The global financial crisis has not spared Russia, wiping out about a trillion dollars in wealth and forcing the government to adopt a broad rescue plan to shore up banks, but the people affected are mainly the oligarchs.

BPZ Energy Successfully Tests Oil at 10,268 bopd from CX11-20XD

BPZ Resources, Inc. (NYSE Alternext US:BPZ) announces the oil test results from the CX11-20XD well in the Corvina field of the offshore Block Z-1 in Northwest Peru. The Company completed two drill stem tests (DST) on four sets...

StatoilHydro: Well Prepared For The Future

The two lubricants of global economic growth have had a rough time of it as of late. Credit, the first of these is remaining stubbornly frozen despite the best efforts of governments and central bankers around the world.[More...]

UAE extends deposit guarantee to foreign banks

DUBAI, United Arab Emirates -- This small but wealthy Persian Gulf nation moved aggressively Monday to shield its booming financial industry from the global credit crisis, saying a just-announced guarantee on bank deposits also...

Indie oil hunter strikes a 'screamer'

The drilling rig rose incongruously over the peaceful college town of Stillwater, Okla. It roared and screeched with activity. Roughnecks, slathered head to toe in mud, scrambled and cursed a blue streak as they threw chain and...

Rupee fall delays oil firms' break-even

The fall in the value of the rupee against the dollar has pushed back the break-even point of the country’s oil marketing companies to $60 per barrel from the earlier $67 per barrel as the companies are paying more for oil in...

CAD/USD Rises Despite Holidays in U.S., Canada

The loonie is beginning to pare losses against the U.S. dollar on Monday morning, following a recent drop to three-year lows. On Friday, despite the release of a blockbuster Canadian employment report, the loonie fell nearly...

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