Stocks rise on optimism about Detroit bailout

Is there another economic bubble forming?

By: northsunm32

  This article analyses Nouriel Roubini's view that a huge bubble is being formed because of low interest rates. This leads businesses to borrow and buy various assets causing prices to rise and making huge profits. Roubini is not claiming that the bubble will burst soon but it is starting to form and will burst sometime in the future. ...

17 days ago

OIL FUTURES: Oil Tops $80/Bbl On US Gasoline, Crude Stock Draw

By: dustgeer

Crude futures are higher Wednesday, briefly piercing $80 a barrel, after the release of U.S. inventory data that showed a sharp draw in gasoline stocks and a decline in crude stocks. Light, sweet crude for December delivery recently traded 77 cents, or 1%, higher at $79.91 a barrel on the New York Mercantile Exchange, having hit an intraday ...

10 days ago

Oil prices stable in Asian trade

By: GMBAIG

Oil prices were flat in Asian trade Friday with investors spooked by an unexpected rise in US crude inventories, analysts said. New York's main contract, light sweet crude for delivery in December, fell three cents to 76.91 dollars per barrel. Brent North Sea crude for December delivery was unchanged at 76.02 dollars. Data released late ...

15 days ago

Oil stays above $79 amid mixed economic signs

By: azhar12

Oil prices hovered above $79 a barrel Thursday in Asia amid mixed signals over the strength of the global economic recovery. Benchmark crude for December delivery was down 18 cents to $79.40 a barrel at midday Singapore time in electronic trading on the New York Mercantile Exchange. The contract rose 44 cents to settle at $79.58 on Wednesday....

9 days ago