Market Comments

Oil rises above $109, Iran in focus

Oil rose above $109 a barrel on Friday as rising tension over major oil exporter Iran and a report showing the U.S. economy created more jobs countered concern about the euro zone debt crisis. FULL STORY »

Oil price above $100 on international banking plan

The price of oil on Wednesday finished trading above $100 for the first time in two weeks, as the U.S. and other countries made it easier for banks to lend money and keep the global economy growing. FULL STORY »

Oil above $98 ahead of US crude supply data

Oil prices rose to near $98 a barrel Tuesday as traders looked to the latest U.S. crude supply reports for signs demand may be improving. FULL STORY »

Oil prices fall on fears of slow economic growth

Oil prices fell Monday on fears that the world economy will weaken and push down demand for crude. FULL STORY »

Oil below $97 on fears about EU debts, US deficit

Oil prices fell below $97 a barrel Monday, echoing a decline in global equities on persistent concerns about the European debt crisis and floundering efforts to cut the U.S. deficit. FULL STORY »

Oil falls nearly 4 percent on profit taking

Oil prices tumbled Thursday, with U.S. crude dropping 4 percent as investors booked profits a day after a surge to five-month highs tested key technical levels. FULL STORY »

Oil tumbles $2 on Eurozone woes

Oil prices tumbled more than $2 a barrel on Thursday as the European debt crisis threatened to hit France and Spain, while Italy's borrowing costs remained at unsustainable levels. FULL STORY »

Stocks mixed; Oil stocks up as oil tops $100

Stock indexes swung between gains and losses in afternoon trading Wednesday as the price of oil rose above $100 a barrel for the first time since July. FULL STORY »

U.S. oil leaps above $100 on Seaway reversal plan

U.S. and Brent crude futures headed in opposite directions on Wednesday, jostled by a plan to reverse the Seaway pipeline by next year to help ease an oil glut at the Cushing, Oklahoma, delivery hub. FULL STORY »

Oil hits $100, first time since July

Oil prices have hit $100 per barrel for the first time in nearly four months. FULL STORY »

Oil up on economic data despite EU contagion worry

Oil prices rose Tuesday on supportive data that pointed to continued economic growth in the fourth quarter, sending U.S. crude to a 16-week peak and offsetting concerns that the euro zone debt crisis will keep spreading. FULL STORY »

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