» price
price
World oil prices slipped Monday, tracking a slump in global stock markets as investors worry about slowing economic growth and a risk of recession in the United States.
The Saudi Basic Industries Corporation (SABIC) has reported a net profit of SAR 20.2 billion for the first nine months of 2007, an increase of 42 percent, compared to the SAR 14.2 billion net profit in the same period last year.
World oil prices fell slightly on Tuesday amid worries that slower US economic growth could dampen global crude demand.
Oil prices extended losses Tuesday amid worries that slower US economic growth could dampen global demand, dealers said.
Canada's finance minister called on wholesalers and retailers on Tuesday to lower their prices to make them reflect the new strength of the Canadian dollar, which is now stronger than the US greenback.
The price of Brent crude oil struck an historic peak of 86.28 dollars per barrel in trading here on Thursday amid concerns over tight energy supplies.
The price of Brent crude oil struck an historic peak of 86.28 dollars per barrel in trading here Thursday on renewed concerns over tight global energy supplies.
Global oil prices soared to bold new highs Thursday amid US supply concerns and geopolitical strains in the Middle East, including Turkey's military threat in Iraq and fresh US sanctions on Iran.
Crude oil rose past 92 dollars per barrel in Asian trade on Friday to a new record on rising tension in the Middle East and new US sanctions against Iran, dealers said.
The price of gold rocketed Friday to the highest level since the start of 1980, as the precious metal won support from the weak dollar and record high crude oil prices, traders said.
World oil prices surged to historic highs Friday, breaching 92 dollars for the first time in New York on rising tension in crude-rich Iran and tight US energy supplies, analysts said.