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 tradingOil traders face US civil actionBBC Finance Fri, 07/25/2008 - 6:20am
The US energy regulator takes civil action against a Dutch-based oil trading firm and its boss for manipulating crude oil prices. Tags:
Government uncovers oil price manipulationCNN Money Thu, 07/24/2008 - 10:56am
The government charged an oil trading firm Thursday with manipulating oil prices, the first indictment to come down since the regulators began a new investigation into wrongdoings in the energy markets. Oil jumps on Iran, stormCNN Money Mon, 07/21/2008 - 7:16am
Oil prices rebounded sharply Monday, following the largest four-day slide in oil trading history, as traders focused on a break down of negotiations with Iran, as well as Tropical Storm Dolly, which is making its way into the Gulf of Mexico. Oil speculation: What Congress wantsCNN Money Tue, 06/24/2008 - 8:03am
Close loopholes on foreign oil trading. Limit hedge funds from pouring money into the market. End oil speculation altogether. Oil Trading at $134 a BarrelNPR Programs: Morning Edition Tue, 06/17/2008 - 11:42am
Oil is now trading at about $134 a barrel, down from the most recent record of just under $140 a barrel. Market reports say traders are caught between a weaker dollar — which would push up the price of oil — and expectations that Saudi Arabia will increase output, which could lower prices. |
