Mark Pervan
latest news & developmentsOil down, demand worries temper storm-season fears
Oil edged down on Tuesday as worries about weakening oil demand overshadowed fears that the Atlantic hurricane season could threaten supply. United States light crude for July…
Oil rises above $129, near record high
Oil held above a barrel on Wednesday, within sight of the previous session’s record high, supported by a weak United States dollar and concern about supplies. Attention will…
Oil sets new record high of $122 a barrel
Oil set a new record high of a barrel on Tuesday, the latest spurt in an advance that has seen prices double over the past 12 months. Supply disruptions in Nigeria, where a…
Bank woes, money squeeze batter stocks, dollar
Global stocks fell and the dollar tumbled on Monday as a fire sale of Bear Stearns and an emergency Federal Reserve cut of a key lending rate sparked fears that a worldwide…