Oil surges on European hopes
NEW YORK (Xinhua) — U.S. crude oil price surged on Monday as investors hoped European debt crisis would be contained as Greece would form a new government and pass the bailout package.
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Oil snaps three-day losing streak
NEW YORK (Xinhua) — Crude prices on Wednesday snapped the three-day losing streak as U.S. weekly crude inventories declined sharply.
U.S. Energy Information Administration reported that caused by sharp drop in import, U.S. crude inventories dropped 4.7 million barrels in the week ended September 30 to its lowest level since January. Besides, the gasoline inventories fell 1.1 million barrels in the week.
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Oil falls on Greece worries
NEW YORK (Xinhua) — U.S. crude oil price fell on Monday as investors worried about the Greek debt crisis, fearing a default was inevitable.
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U.S. stocks open higher amid euro zone hope
NEW YORK (Xinhua) — The U.S. stocks opened higher on Monday as investors expected eurozone policy makers to have more measures to mitigate the debt crisis.
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U.S. stocks up for fourth day on stimulus hope
NEW YORK (Xinhua) – U.S. stocks went higher on Wednesday, with the Dow positive for the year, as investors expected that the Federal Reserve would provide more stimulus efforts for the fragile economy.
The minutes of Fed August meeting showed Tuesday that the central bankers’ opinions on whether to carry out further quantitative easing policy were mixed, but they did discuss a variety of options to bolster the economy, including buying more Treasury bonds.
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