Newsvine logo Newsvine 20 months ago

Oil Falls After Setting New Record

NEW YORK — Oil prices jumped to a new record above $106 Friday but extended their recent pattern of choppy trading after a weak jobs report convinced many traders that the Federal Reserve's interest rate-cutting campaign will continue. Full Article at Newsvine

Related Topics:

  1. OPEC
  2. George W. Bush
  3. Federal Reserve

Related Articles

  1. The Columbian logo
    Oil Falls After Setting New Record
    20 months ago

    NEW YORK (AP) -- Oil prices jumped to a new record above $106 Friday but settled lower, extending their recent pattern of choppy trading after a weak jobs report convinced many traders that the Federal Reserve's interest rate cutting campaign will... Full Article at The Columbian

  2. Channel News Asia logo
    Oil prices flirt with record high close to US$106
    20 months ago

    LONDON : World oil prices surged close to a fresh record near 106 dollars per barrel on Friday, driven by the falling US dollar and tightening global energy supplies, traders said. Full Article at Channel News Asia

  3. San Francisco Chronicle logo
    Oil Steadies Above $105 After Record
    20 months ago

    Oil prices were steady Friday after jumping to a trading record near $106 a barrel in the previous session as the dollar's slide to new lows prompted investors to pump more money into commodities. Full Article at San Francisco Chronicle

  4. Houston Chronicle logo
    Oil prices steady at mid-$104, near Wednesday's record
    20 months ago

    SINGAPORE — Oil prices steadied today after rising to a trading record near $105 a barrel after a surprising drop in U.S. crude oil supplies. Full Article at Houston Chronicle

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Related Quotes

  1. The swings in the dollar are still the most critical item
    SOURCE: Newsvine 20 months ago
  2. We don't see oil demand accelerating while the price has its foot on the throat of consumers
    SOURCE: Newsvine 20 months ago
  3. The higher the market goes, the more volatile it becomes ... Does it mean that the rally is over? No.
    SOURCE: Newsvine 20 months ago
  4. There are expectations that the dollar will go lower and that's driving money into commodities
    SOURCE: Keralanext 20 months ago
View all Related Quotes »
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  1. ST ANDREWS, SCOTLAND - NOVEMBER 07: Britain's Prime Minister Gordon Brown (L) talks to the Chairman of the U.S. Federal Reserve Ben Bernanke (back to camera), U.S. Treasury Secretary Timothy Geithner (R) and Danish Prime Minister Lars Lokke Rasmussen, during a break at the G20 Finance Ministers...
  2. ST ANDREWS, SCOTLAND - NOVEMBER 06: Ben Bernanke, Federal Reserve Chairman, arrives to attend the G20 Finance Ministers meeting at a hotel in St. Andrews, on November 6, 2009 in St Andrews, Scotland.
  3. NEW YORK - NOVEMBER 04: Traders work on the floor of the New York Stock Exchange moments before the Federal Reserve announced it would leave interest rates unchanged on November 4, 2009 in New York, New York.
  4. WASHINGTON - OCTOBER 30: Former Associate General Counsel of the Board of Governors of the Federal Reserve System Oliver Ireland testifies before the House Financial Services Committee about overdraft fees levied by banks on Captiol Hill October 30, 2009 in Washington, DC.
  5. WASHINGTON - OCTOBER 29: Daniel K. Tarullo, Federal Reserve Governor, speaks during a hearing of the House Financial Services Committee on Capitol Hill October 29, 2009 in Washington, DC.
  6. Federal Reserve Chairman Ben S. Bernanke gestures during an address in Chatham, Mass. , Friday, Oct. 23, 2009.
  7. ISTANBUL, TURKEY - OCTOBER 3: In this handout image supplied by the IMF, G-7 Finance Ministers and their Bank Governors hold a meeting at the Istanbul Congress Center October 3, 2009 in Istanbul, Turkey.
  8. WASHINGTON - OCTOBER 01: Federal Reserve Board Chairman Ben Bernanke testifies during a House Financial Services Committee hearing on Capitol Hill on October 1, 2009 in Washington, DC. The committee is hearing testimony on the Federal Reserves financial regulatory reform proposals.
  9. WASHINGTON - SEPTEMBER 28: World Bank President Robert Zoellick speaks on global economic crisis at the Johns Hopkins University Paul H. Nitze School of Advanced International Studies (SAIS) September 28, 2009 in Washington, DC.

Cast of Characters

  1. OPEC OPEC
  2. George W. Bush George W. Bush
  3. Federal Reserve Federal Reserve
  4. Chakib Khelil Chakib Khelil
  5. John Hall John Hall
  6. ExxonMobil ExxonMobil