Markets in Asia reacted to a surge in the price of oil, which crossed the $106 per barrel today. In Hong Kong the Hang Seng Index dipped 0.4% and in Japan the Nikkei 225 Index tumbled 1.8%. Meanwhile, China’s Shanghai Composit…
Last week, oil’s ascent trumped a raft of healthy U.S. economic reports. With a relatively light slate of economic data scheduled this week, oil prices and political turmoil in the Middle East could play an even larger role in …
During a volatile week, stocks bounced between Mideast turmoil and generally strong economic reports. Even with the jobless rate’s surprising drop, equities ended on a down note. Still, stocks eked out a tiny overall gain on th…
Can you profit from the turmoil in the Middle East? Oil is now flirting around $100 a barrel and gold is continuing its upward trend. For investors, this could present an opportunity in oil and gold stocks. Here is the bull and bear take on three stocks that could rise on Mideast unrest.
Continue reading Face-Off on Stocks: Exxon Mobil, Chevron, Barrick Gold [Video]
Face-Off on Stocks: Exxon Mobil, Chevron, Barrick Gold [Video] originally appeared on DailyFinance on Tue, 01 Mar 2011 17:57:00.
Filed Under: Energy, Investing, Exxon Mobil, Stock Picks, Investing Basics, Video, Chevron
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….