Oil below $50 as investors weigh falling demand, eventual economic recoveryVIENNA — Hopes of a possible recovery in crude demand in the second half of the year nudged oil prices upward Friday, but nagging worries about the state of the world economy kept them below $50 a barrel. Oil hovers below $50 as investors weigh falling demand, eventual economic recoverySINGAPORE — Oil prices hovered below $50 a barrel Friday in Asia as investors pondered whether a possible second half recovery will help boost U.S. crude demand, in the doldrums amid rising unemployment and a severe recession. Oil hovers above $49 as investors weigh falling demand, eventual economic recoverySINGAPORE — Oil prices hovered above $49 a barrel Friday in Asia as investors pondered whether a possible second half recovery will help boost U.S. crude demand, in the doldrums amid rising unemployment and a severe recession. Stocks post late gain after shaky day; Earns from PNC, Apple help but others show strainNEW YORK — About halfway through first-quarter earnings reports, Wall Street still isn’t sure where the economy is headed. Treasurys edge higher as economic data comes in weak, Fed buys more government debtNEW YORK — Treasurys edged higher Thursday after weak data on home sales and jobless claims. Jobless claims rise while homes sales drop; recession may be slowing but recovery far offWASHINGTON — Worse-than-expected news on unemployment and home sales Thursday dampened optimism that a broad economic recovery might be near. No solid signs of rebound for energy demand; oil prices hover below $50COLUMBUS, Ohio — Oil prices wavered below $50 Thursday with a number of major U.S. companies reporting larger-than-expected profits, but there was still plenty of evidence suggesting demand for energy will be sluggish at best. Jobless claims up more than expected and homes sales drop, defying hopes for recoveryWASHINGTON — Worse-than-expected news on unemployment and home sales Thursday dampened optimism that a broad economic recovery might be near. Stock futures pull of of highs as weekly unemployment claims rise more than expectedNEW YORK — Stocks futures are weakening after weekly unemployment claims rose more than expected. New jobless claims rise more than expected to 640,000; continuing claims top 6.1 millionWASHINGTON — New jobless claims rose more than expected last week, while the number of workers continuing to filing claims for unemployment benefits topped 6.1 million. Stocks signal higher open on better-than-expected profit reports; reports due on jobs, homesNEW YORK — Stocks are pointing to a higher open Thursday after stronger-than-expected earnings from a handful of companies boosted hopes that the economy could be stabilizing. |
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