Oil slumps as US seeks compromise on Iraq
LONDON, (Reuters): WORLD OIL prices plunged yesterday on signs the United States was ready to compromise over a UN resolution on Iraq, causing speculators to dump positions built up on fears of an imminent strike on Baghdad.
US stocks climb as two weeks of gains lift mood
NEW YORK, (Reuters): US STOCKS climbed yesterday, leading the market higher for seven out of the past eight sessions, as Wall Street's recent turnaround helps mend tattered investor confidence.
|
