While much higher oil prices three or four years from now, coming from new production failing to keep up with depletion of existing fields seem highly likely, the current issue is whether prices will climb into economy-damaging territory in 2009, 2010, or 2011.read more...
OPEC's weekly average oil prices dropped again last week to 67.56 U.S. dollars per barrel, down 3.86 dollars compared to the previous week, the Vienna-based cartel said Monday. After only a one-week recovery, OPEC oil prices kept going down las...
Airline stocks are mixed following Airbus predictions that global passenger traffic would grow in 2010 and 2011 and a sudden decline in the dollar gave a sharp boost to oil prices. ...
For the first time since February, gold prices crossed 1,000 dollars an ounce on Tuesday, as investors sought a safe haven due to the dollars weakness and worries about the sustainability of the global economic recovery....
