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david moorelatest news & developments

World stocks rally, oil near $120 a barrel

Increasing confidence that the worst of the credit crisis is over boosted world stocks on Monday while inflation concerns grew with oil prices heading towards a barrel. Investors…

Oil prices pause within sight of $120

World oil prices paused within sight of the $120 level on Thursday after a mixed report on United States energy stockpiles, dealers said. In Asian afternoon trading, New York’s…

Oil soars to record above $117

Crude oil prices surged above , setting a new record high on Monday because of worries of supply disruptions from major producers and comments by the Organisation of the…

Oil prices scale record highs above $112 a barrel

World oil prices touched new record highs above $112 a barrel in Asian trade on Tuesday as supply concerns and a sluggish greenback remained key factors behind the hike, dealers…

Oil bounces above $96

Oil rose above on Wednesday, bolstered by expectations United States government data would show crude stocks falling for the seventh consecutive week, and as fresh violence in…

Gold nears record high on dollar, Pakistan turmoil

Gold rallied to a seven-week high on Monday and close to a record high of on speculative buying driven by a weak United States dollar and tensions in Pakistan following the…

New coach seeks answers from weak Windies

Australian coach John Dyson says he needs to sit down with the West Indian players and quickly discover why they are underachieving in world cricket, reports said on Saturday.…

Price of crude falls on hopes of cuts by Opec

Oil prices fell again on Monday, adding to last week’s 10% slump, on continued speculation that the producers’ cartel Opec would agree to increase output when it meets on…

Oil rebounds from worst week ever

Oil bounced back above a barrel on Monday as traders bet last week’s nearly sell-off was overdone, and might turn the tides against an expected increase in output by the…

Oil prices regain lost ground

Oil prices rose on Friday to regain ground lost in a fall the previous session, as persistent supply concerns and a late rebound in United States stocks offset worries about US…

Oil leaps to $96 high on US inventory drop

Oil leaped more than 1% on Thursday, briefly topping for the first time and extending the previous day’s 5% jump after an unexpected sharp fall in United States crude stocks and…

Oil hits record high above $93

Oil prices jumped to fresh historic highs on Monday, breaching $93 for the first time on mounting concerns about tight energy supplies worldwide, analysts said. Investors pushed…