Oil eased on Tuesday to hover above $77 a barrel, weighed down by a firmer greenback, but trade thinned ahead of the Thanksgiving holiday and weekly U.S. data that could show rising crude stocks in the world's top oil user.
Oil fell nearly 1 percent on Friday as a stronger dollar weighed on prices and falling equities raised concern about the economy and the outlook for energy demand.
U.S. crude futures fell more than 2 percent Thursday as a stronger dollar weighed and weaker equities raised concern about the economy and a potential rebound in energy demand.
Americans will travel 1.4 percent more this Thanksgiving holiday weekend compared to last year as consumer sentiment improves after the global economic crisis, travel and auto group AAA said Wednesday.
Ford's Fusion mid-size sedan was named Motor Trend magazine's 2010 "car of the year" Tuesday, adding to the perception that changes to the No. 2 U.S. automaker's vehicle lineup are gaining traction.
Oil prices rose more than 3 percent on Monday, taking back all of last week's 1.4 percent losses as the dollar drifted lower and better-than-expected U.S. consumer spending data boosted markets.
While investment capital seeks to exploit stimulus package programs for renewable energy projects, investors may want to consider the greenest form of energy out there—the megawatt no one uses. White credits measuring energy conservation are now available,.
Iraq’s Baghdad Trade Fair ended Tuesday, six years and a trillion dollars after the American invasion that toppled Saddam Hussein, and one country was conspicuously absent -- the U.S. The New York Times reports.
The oil market is well supplied, with inventories at record levels globally, and the market continues "to be a bit soft," but prices are getting a big boost from the dollar's fall, Exxon Mobil CEO and Chairman Rex Tillerson told CNBC Friday.
We're now roughly a year away from the much hyped, much anticipated Chevy Volt going on sale and GM is starting to take the wraps off its extended range electric car... Read More