Latest news on ‘Oil & Gas’
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As Pressure Rises, BP Tries to Reassure Investors
NY Times – The oil giant BP tried to reassure investors Thursday that it had the financial flexibility to handle the growing costs of the oil spill in the Gulf [...]
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Oil prices drop after weak US jobs report
AP – Oil prices dropped to near $73 per barrel Friday after a report showed that many private companies in the U.S. remain wary of hiring workers.
The nation’s payroll grew [...] -
Stocks Gain on Energy Rally
By KRISTINA PETERSON – U.S. stocks climbed as the energy sector rallied and strengthening home sales helped boost sentiment.
The Dow Jones Industrial Average rose 113 points, or 1.10%, to 10137, [...] -
BP lays out new, riskier move to cut oil flow
(Reuters) – After abandoning its latest bid to plug its blown-out well in the Gulf of Mexico, BP Plc on will start a new and risky attempt on Tuesday to [...]
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Oil rises above $73 amid brighter economic outlook
AP – Oil prices climbed above $73 a barrel Thursday, driven by strong Asian economic growth figures and market anticipation of positive data about U.S. growth prospects.
By early afternoon in [...] -
Oil sinks below $68 as stock markets, euro fall
LONDON (AP) — Oil prices sank below $68 a barrel Tuesday on the back of declining share prices and fears of weaker global economic growth.
Benchmark crude for July delivery shed [...] -
OIL FUTURES: Nymex Crude Hits 2010 Low On Demand Concerns
NEW YORK (Dow Jones) – Crude futures dropped Wednesday as doubts about future oil demand sent prices to a 2010 low.
Light, sweet crude for June delivery traded $1.83, or 2.6%, [...] -
BP Oil-Containment Box Hovers Above Seafloor in Gulf
(Bloomberg) – BP Plc lowered nearly to the seafloor a 40-foot-tall structure that may capture as much as 85 percent of the oil leaking from a well into the [...]
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Oil near $79 as stock markets fall, dollar rises
NEW YORK (AP) — Oil prices dropped below $79 a barrel Thursday, as stocks fell for a third day and the dollar gained.
Benchmark crude lost 81 cents to $79.16 a [...] -
In Wake of Oil Spill, BP Stock Looks Cheap
BP (NYSE: BP – News) stock has plummeted in the wake of the oil disaster in the Gulf of Mexico.
Obviously financial questions follow. Should investors bail while they still can? [...]
