Oil, gas prices rise on storm fears
NEW YORK (AP): Energy futures surged yesterday on concerns that Tropical Storm Dean will turn into a hurricane and strike oil and gas installations in the Gulf of Mexico.Prices got a late morning boost when a second tropical depression, located in the Gulf ...
European, US and Asian markets slide on US credit worries
LONDON (AP):Global stock markets struggled yesterday as they battled persistent jitters over a credit crunch started by problems in the United States subprime loan sector and as broader concerns emerged about the U.S. economy. Before the end of the day, the United Kingdom's FTSE-100 dipped...
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