Oil prices surged Thursday, rising to within a few cents of $120 a barrel, as a falling dollar and renewed concerns over the faltering economy motivated investors to move their assets back to commodities.
Oil dips below $50
The plunge in oil prices continued Thursday with prices falling below $50 a barrel as growing concern about the economy weighed on demand.
Oil up on China investment plan
Oil prices climb more than $2 a barrel following China's multi-billion dollar stimulus package aimed at boosting its economy.
Oil rises on expected OPEC cut
Oil prices rebounded from a 16-month low Thursday as many investors anticipated a large production cut from OPEC at its emergency to deal with...
Alaska Airlines to cut 1,000 jobs
Alaska Airlines announces 1,000 job losses and a 15% cut in flight departures, blaming oil prices and a weak economy.
Oil prices slip to seven-week low
Oil prices tumble to seven-week lows amid concern that the slowing US economy will weaken demand.
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