Oil futures flew well over $120 a barrel to a new record following a Goldman Sachs forecast that lackluster growth in oil supplies worldwide could translate to $200 dollar a barrel oil over the next two years. But some energy analysts, like those at Citigroup, say oil supplies are "comfortable." Citi says oil could rise to $200 a barrel -- or, just as easily, fall to $40 dollars a barrel -- over the next couple of years. Fadel Gheit is Managing Director of oil and gas research for Oppenheimer. SOUNDBITE (English) FADEL GHEIT SAYING: "There is no shortage whatsoever. There is plenty of oil. All the refiners in the U.S. are cutting their runs because there is plenty of gasoline on the market." Oil prices have nearly doubled from a year ago. And everyone agrees the falling U.S. dollar is one key reason. Since oil is priced in dollars, a weaker dollar makes oil less expensive to investors overseas. Also, when the dollar does fall, investors often buy commodities, such as oil, as a...
There were new reasons to remain worried about the housing sector. Sales of previously owned homes tumbled to a 10-year low in June. And the national median home price sank to just over $215,000,...
A bank in India is helping sex workers save their money for a brighter future. MOREINFO: The bank was started by a sex-worker collective in the heart of Mumbai's red light district. More than...
Venezuela's President Hugo Chavez arrives in Iran with a blunt warning to Washington: - more aggression in the Middle East will drive oil prices through the roof. Chavez arrived in Tehran on the...
While consumers in the United States struggle with rising fuel prices, Venezuela's gasoline the cheapest in the world at 12 cents per gallon. Venezuelan President Hugo Chavez, a fierce...
European shares hit their lowest level since March 31 (2008) as leading U.S. stock market indexes fell in early trading. Royal Bank of Scotland lost 9.7 percent after saying results would be held...
Gold and platinum surge to historic highs while oil prices hovered close to Wednesday's $100 a barrel record. MOREINFO: - European markets mostly lower - DSG shares slump after profit warning -...
Asia stocks slid on Monday with investors worried about rising inflation and sluggish U.S. economic growth. Japan's benchmark Nikkei fell 2.3 percent (13,690) its biggest fall in six weeks....
Asia stocks fell on Thursday with exporters such as Honda bruised by fresh fall in the ailing U.S. dollar. Japan's benchmark Nikkei slid 3.3 percent (12,433), reversing gains earlier in the week....
Asia stocks slid on Thursday with sentiment hit by a fresh rise in oil prices and growing worries about inflation. Japan's Nikkei fell 2.1 percent (13,889) to a two-week low. Household names such...
Asia stocks were mixed on Wednesday with oil prices a key factor as Japan returned from a long holiday. Japan's benchmark Nikkei edged up 0.4 percent (14102.48) as resource-related shares jumped...
Truveo video search lets you search and find videos from across the Web. Use Truveo to find all types of online video including hit television shows, full-length movies, breaking news clips, sports highlights, music videos, or the latest viral videos. If you are looking for a specific video, Truveo video search can help you find exactly the video you want. Truveo can also help you browse through video across the web and discover new videos that you might like.