Stocks slumped Tuesday morning as oil prices spiked to within 70 cents of $130 a barrel and gas prices inched closer to the $4-a-gallon threshold, raising worries about the threat of inflation in an already weakened economy.
Oil price slides to 20-month low
Oil prices have fallen to the lowest levels since the beginning of 2007 due to worries about weakening energy demand.
Oil recovers but demand worries remain
Oil prices bounced back above $80 a barrel Monday after a group of European countries tried to restore economic confidence by promising to bail out...
Oil prices slip on fresh demand worries
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...
Oil rises on bailout worries
Oil prices recovered Thursday as investors worried the government's $700 billion economic rescue plan could lead to a weaker dollar, the currency of...
Stocks rally as oil slumps
Stocks rallied Tuesday morning as investors breathed a sigh of relief that the damage from Hurricane Gustav was not as devastating as had been...
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