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Oil prices tumbled under 50 dollars on Thursday, as plunging equities and weak US data sparked fresh concern that a worldwide recession could ravage energy demand, traders said.
Publ.Date : Thu, 20 Nov 2008 18:05:12 GMT
Stocks extended losses on Thursday, pulling the S&P 500 down 4 percent as energy shares fell along with oil and worries about the prospects for a bailout for automakers heightened worries of a deepening economic slump.
Publ.Date : Thu, 20 Nov 2008 20:38:31 GMT
Oil dropped more than 3 percent on Thursday, touching the lowest level since May 2005 as record U.S. job losses intensified concerns of a long and deep global recession and further crushed demand expectations.
Publ.Date : Thu, 20 Nov 2008 19:37:58 GMT
Oil prices dropped more than 7 percent to below $50 a barrel on Thursday as a bearish U.S. jobs report intensified concerns of a long and deep global recession and further crushed fuel demand expectations.
Publ.Date : Thu, 20 Nov 2008 20:56:16 GMT
Global stock markets were down across the board and oil sank below $50 a barrel Thursday.
Publ.Date : Thu, 20 Nov 2008 21:29:41 GMT
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Nov. 20 (Bloomberg) -- Natural gas futures in New York declined after a government report showed that U.S. inventories unexpectedly increased last week.
Publ.Date : Thu, 20 Nov 2008 16:32:14 GMT
Nov. 20 (Bloomberg) -- Natural gas in New York fell on concern a worsening U.S. economy will erode demand for the heating and industrial fuel. About 42 percent of U.S. gas consumption comes from industrial and commercial users.
Publ.Date : Thu, 20 Nov 2008 14:50:19 GMT
The Energy Department on Thursday will likely report little to no change in natural gas reserve levels for the week ended Nov. 14, according to a survey by Platts, the energy information arm of McGraw-Hill Cos.
Publ.Date : Thu, 20 Nov 2008 11:17:36 GMT
PUEBLO - Investigators have determined that a natural gas leak from a pipeline under the street led to a deadly explosion that leveled a restaurant and a neighboring store.
Publ.Date : Thu, 20 Nov 2008 20:58:02 GMT
Nov. 20 (Bloomberg) -- Natural gas futures in New York fell after an Energy Department report showed that U.S. supplies gained unexpectedly last week.
Publ.Date : Thu, 20 Nov 2008 16:02:29 GMT
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