The price of oil dipped below $93 a barrel on Thursday, extending a sharp two-week sell-off, as traders monitored Europe’s debt crisis and its potential impact on global growth. Benchmark oil for June delivery rose 8 cents to $92.89 a barrel in midday trading on the New York Mercantile Exchange. The contract hit [...] [...]
by Associated Press Published: August 18,2011
Tags: Europe, fears, plunge, stock market
More signs of economic weakness triggered a global sell-off in stocks Thursday. The Dow Jones industrial average fell more than 400 points in a return to the wild swings in the market last week. In the United States, there were reports that more people joined the unemployment line last week than a week earlier, gasoline [...] [...]
Stocks fell for a fourth day as concerns over a slowdown in China and talks about a bailout for Irish banks combined to push the Dow Jones industrial average to its lowest level in a month. Asian markets started a global sell-off after South Korea’s central bank raised interest rates to curb inflation. Shares also [...] [...]
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