Oil Climbs As Iran Mulls Cut

Crude flirted with $127 as the OPEC member considers a production decrease.

(120 sec.) Iran's president pardons detained British sailors; crude oil falls several dollars per barrel.

(90 sec.) Oil rises over $62 a barrel after news of Iran's seizure of British troops.

(90 sec.) U.S. markets fall on new-home sales data; oil rises as Iran worries investors.

(120 sec.) Oil prices dropped even after Iran announced it is expanding its nuclear program.

(95 sec.) HP stalked board members and reporters; Broadcom to take $1.5B charge; News Corp. paying Murdoch's rent.

(120 sec.) Goldman, Bear Stearns trade lower on earnings reports; JPMorgan to move into new World Trade Center complex.

With crude passing $131, the outlook is dour. American Airlines announced cost-cutting plans.

(115 sec.) As the global sell-off continues, U.S. stocks struggle; crude oil falls more than a dollar.

A strong durable goods report helped investors resist a rise in crude prices.