Oil jumps above $51 in Asia as Fed signals worst of US recession may be over

VIENNA — Oil rose above $51 a barrel Thursday as investors took heart from optimistic comments from the U.S. Federal Reserve that the worst recession in decades may well be easing.

Oil falls to below $49 as uncertain global economic outlook compounded by swine flu fears

Oil prices fell below $49 a barrel Monday as worries about the severe global recession were compounded by fears of the swine flu suspected of killing over 100 people in Mexico.

Congress, interests groups eye about $500 billion in transportation projects

WASHINGTON — A House committee chairman wants to spend close to a half trillion dollars to solve the nation’s transportation woes, but first he has to sell the public on what they’ll get for their money before asking Congress to pay for it.

Gold prices finish higher as dollar weakens, prices log 3 percent gain for week

NEW YORK — Gold prices closed higher Friday, boosted by some weakness in the dollar. But the gains were dented by more buying on Wall Street.

Crude settles near $49 as government reports show US uses least petroleum in a decade

NEW YORK — Oil prices increased Wednesday even though U.S. supplies continued to swell and Americans cut way back on energy consumption. Government data shows the country is using the least amount of petroleum in a decade.

Oil slips under $48 as investors look to US inventory report for signals on demand

VIENNA — Oil prices slipped below $48 a barrel Wednesday on expectations that the latest snapshot of U.S. crude inventories will offer new evidence of weak demand.

Oil hovers under $49 as investors look to US inventory report for signals on demand

VIENNA — Oil prices inched upward Wednesday but prices stayed below $49 a barrel on expectations that the latest snapshot of U.S. crude inventories will offer new evidence of weak demand.

Oil languishes below $46 in Asia after US bank concerns send crude, stocks plunging

SINGAPORE — Oil prices languished below $46 a barrel Tuesday in Asia after renewed doubts about the health of U.S. banks sent crude and stock markets tumbling.

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