Cnooc, China’s most visible offshore oil producer, announced record-high net profits for 2010, helping to send Asian oil shares higher.
Continue reading Asian Oil Stocks Head North on Cnooc’s Heady Earnings
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The economy has had more than its share of trouble lately: Japan’s earthquake comes on top of rising oil and food prices, political turmoil in the Middle East and a crop of government austerity measures. But investing opportuni…
After a rough opening session on Monday, stocks rebounded sharply on Tuesday. The Dow enjoyed a triple-digit gain after oil prices eased and bank shares bounced higher on the possibility of further dividend payouts and share bu…
Increasing violence in Libya caused oil prices to rise and stocks to fall 80 points to close at 12,090 on Monday. It didn’t help that a Wells Fargo analyst also downgraded the semiconductor industry, sending shares of Intel dow…
The first trading day of the month is usually good to equities, but after a two-day respite, stocks went back back to broad-based declines. The sharp rise in oil prices overshadowed some encouraging corporate and economic news….