Crude futures rebounded slightly on Friday after hitting a new low in more than three years. Light, sweet crude for January delivery rose 51 cents to settle at 49.93 U.S. dollars a barrel on the New York Mercantile Exchange after dropping as low as 48.25 dollars, the level never seen since May 2005. Oil prices have plunged from its peak of 147.27 dollars in July as the global economic downturn has diminished demand. JP Morgan said on Friday it expected world oil demand in ......
Following the declining prices of crude oil in the international market, the 36 governors of Nigeria will today hold a crucial meeting to discuss its implications on the country's revenue profile....
Vegetable oils forecast expert Thomas Mielke believes palm oil prices have bottomed out and expects sharp increases ahead, Malaysian media reported on Monday. I believe prices have reached the floor two weeks ago and the market is now in trans...
NEW YORK (MarketWatch) -- A jump in oil prices put the pressure on airline stocks early Monday. At last check, the Amex Airline Index was down less than a fraction to 22.70 points. Crude for December delivery gained $3.71 to $64.69 a barrel, after e...
