oil prices

Oil prices fall to an eight-month low of less than US $90 a barrel and shares on Gulf stock markets fall sharply.

Oil prices tumbled Monday as concerns about global economic weakness outweighed signs that lawmakers are close to passing a $700 billion bailout of the U.S. financial system.

Oil prices retreated Friday as the largest bank failure in the nation's history and uncertainty about the fate of the $700 billion bailout raised fresh concerns about the economy.

Oil prices recovered Thursday as investors worried the government's $700 billion economic rescue plan could lead to a weaker dollar, the currency of oil trading.

Oil prices rallied Wednesday as the market waits to hear from Congress about the proposed $700 bailout plan and for weekly supply data from the government.

Oil prices eased off session lows Tuesday after a sharp rally one day earlier and as investors wait for more developments concerning the government's proposed $700 billion bailout plan.

Oil prices rallied Monday as investors were encouraged by the $700 billion Wall Street bailout plan.

Oil prices zoomed back above $100 a barrel Friday as some hope was restored on Wall Street that a government bailout could help ease the credit crisis that has put a stranglehold on the U.S. economy.