FinFacts logo FinFacts 20 months ago

Markets News Friday: Euro falls from above $1.55; Oil price hits new record of above $105 a barrel in New York

In New York Thursday, the credit crisis moved back to centre stage as two big name financial forms defaulted on loan obligations and there was further grim data on the housing market. Full Article at FinFacts

Related Topics:

  1. OPEC
  2. George W. Bush
  3. Chakib Khelil

Related Articles

  1. USA Today logo
    Oil prices fluctuate after hitting record above $106
    20 months ago

    Oil prices jumped to a record above $106 Friday but extended their recent pattern of choppy trading after a weak jobs report ... Full Article at USA Today

  2. The Columbian logo
    Oil Prices Fall on US Payroll Figures
    20 months ago

    Oil prices fell Friday as U.S. payroll figures seemed to offer further proof of an economic slowdown in the world's biggest oil consuming nation. Full Article at The Columbian

  3. Austin American-Statesman logo
    Oil prices break record again, soar above $104
    20 months ago

    Oil prices reached a record close, surging above $104 a barrel after OPEC decided Wednesday to keep its production unchanged. The cartel ignored calls from President Bush to pump more oil into an ailing economy. Full Article at Austin American-Statesman

  4. Huffington Post logo
    Oil Jumps on Surprise Supply Drop
    20 months ago

    NEW YORK — Oil surged Wednesday, rising a remarkable $5 a barrel to a new record over $104 a barrel after the government reported a surprise drop in crude oil stockpiles and OPEC held production levels steady. Full Article at Huffington Post

View all Related Articles »

Related Quotes

  1. The swings in the dollar are still the most critical item
    SOURCE: Anniston Star 20 months ago
  2. There are expectations that the dollar will go lower, and that's driving money into commodities ... Traders now have this mantra: sell the dollar and buy oil, or buy commodities.
    SOURCE: The Columbian 20 months ago
  3. The higher the market goes, the more volatile it becomes ... Does it mean that the rally is over? No.
    SOURCE: USA Today 20 months ago
  4. We don't see oil demand accelerating while the price has its foot on the throat of consumers
    SOURCE: USA Today 20 months ago
View all Related Quotes »
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  1. MAALE ADUMIM, WEST BANK - SEPTEMBER 22: A Palestinian laborer works on a new housing project on September 22, 2009 at the Jewish settlement of Maale Adumim in the West Bank.
  2. US President Barack Obama waves after speaking during the Summit on Climate Change at the United Nations in New York on September 22, 2009.
  3. Hu Jinato(C)-seated), President of the peoples Republic of China during the the Summit on Climate Change at the United Nations in New York September 22, 2009.
  4. People watch the opening night performance of Puccini�s classic opera Tosca by the Metropolitan Opera September 21, 2009 on big television screens in New York's Times Square.
  5. Singer Will Young arrives for the world premiere of the movie 'The Age of Stupid', an environemental documentary, in New York on September 21, 2009.'The Age of Stupid' was designed to unite audiences for climate change reforms ahead of a world leaders' meeting at the UN on climate change.
  6. ARLINGTON, VA - SEPTEMBER 21: U.S. Secretary of Defense Robert Gates (L) welcomes Israeli Defense Minister Ehud Barak (R) during an honor cordon at the Pentagon September 21, 2009 in Arlington, Virginia.
  7. US Secretary of State Hillary Clinton holds a bilateral meeting with Jan Kohout, Foreign Minister of the Czech Republic in New York on September 21, 2009.
  8. TROY, NY - SEPTEMBER 21: A teenager takes a photograph of President Barack Obama as he speaks at Hudson Valley Community College on September 21, 2009 in Troy, New York. The president spoke about the economy and the importance of the technology industry in struggling communities like Troy.
  9. US President Barack Obama (L) talks with the Air Force One maintenance crew before boarding Air Force One at Andrews Air Force Base, Mryland, September 21, 2009.

Cast of Characters

  1. OPEC OPEC
  2. George W. Bush George W. Bush
  3. Saddam Hussein Saddam Hussein
  4. Chakib Khelil Chakib Khelil
  5. United Nations United Nations
  6. Citigroup Citigroup