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IBD'S TOP 10.(A)
Indexes End Near Session Highs
1Small caps led, with the S&P 600 surging 2.1% to close above its 50-day average for the first time since Oct. 4. The Nasdaq rose 1.4%, the S&P 500 1% and the Dow 0.6%, all above their 50-days. Leading stocks had a strong day: The IBD 100 index gained 2.7%. Volume swelled. The 10-year Treasury yield added 4 basis points to 4.61%, the highest since late March. More on this page, B2
Iran Shakes Up Diplomatic Ranks
2The new hard-line regime fired 40 senior diplomats in an apparent move against reformers open to better Western ties. Among those expected to be dismissed are the ambassadors to Britain, France and Germany. Iran also said it will give U.N. nuclear inspectors access to a secret military site but will move forward with processing of uranium that could used for nuclear arms.
Supply Report Sends Oil Lower
3 Dec. crude fell a dime to $59.75 a barrel. But products fell harder as more refiners came back on line: Heating oil sank 2.21 cents to $1.7829 a gallon -- 24% off its Sept. 1 high. Gasoline sank 3.45 cents to $1.5691. Stocks of distillates, including heating oil, fell 200,000 barrels last week, far less than expected. Crude oil supplies rose 2.7 mil barrels, a bit more than expected. More on B12
Alito Winning Over Key Senators
- Hurricane sends oil prices higher, airline stocks lower.
- News wire article from: The America's Intelligence Wire August 29, 2005 700+ words
(From CBS Marketwatch (Pulses)) SAN FRANCISCO (MarketWatch) -- Airline stocks closed mostly lower on Monday after Hurricane Katrina shut down airports and caused flights to be cancelled in the southeastern U.S. Delta Air Lines lost 2.3% to close at $1.27 while Continental Airlines fell 2.7% to
- Storm sends oil soaring, causing turmoil in stocks.
- News wire article from: Kansas City Star (Kansas City, MO) September 20, 2005 700+ words
Byline: Rick Babson Sep. 20--Crude oil's biggest one-day jump ever sent stocks tumbling a day ahead of the Federal Reserve's meeting to consider another possible increase in interest rates. Oil jumped more than $4 a barrel on fears that Tropical Storm Rita might develop into a hurricane and hit the
- Geopolitics sends oil prices--and equities--higher in April.
- Newspaper article from: The Oil Daily Gosmano, Jeff May 2, 2006 700+ words
Iran President Mahmoud Ahmadinejad's hardline stance on his country's nuclear ambitions sent oil prices soaring in April. Benchmark West Texas Intermediate crude hit a record $75.35 per barrel on Apr. 21, sending share values soaring, with integrated oil companies all posting solid gains in April.
- Cold sends oil to 3-week high.
- News wire article from: The America's Intelligence Wire February 19, 2005 700+ words
(From Financial Post) Byline: DEB RIECHMANN CHICAGO Crude oil prices rose to a three-week high as lower-than-normal temperatures in the U.S. Northeast may boost consumption of heating oil. "The focus is on the weather and the long weekend," said Aaron Kildow, a broker at Prudential Financial
- Congress sends oil drilling legislation to President Bush.
- News wire article from: Miami Herald (Miami, FL) December 9, 2006 700+ words
Byline: Lesley Clark Dec. 9--WASHINGTON -- Drilling for oil and natural gas in the deepest waters off Florida's Gulf shores would be allowed for the first time under legislation that is headed for President Bush's signature. Early today Congress gave final approval to a measure that allows for
- VENEZUELA: VENEZUELAN STRIFE SENDS OIL PRICES UP.
- News wire article from: Asia Africa Intelligence Wire March 10, 2004 700+ words
(From InfoProd) Oil prices surged to their highest level since the Iraq war this week on fears that political strife in Venezuela could spin out of control. Prices broke through the $37 barrier to hit $37.20, its highest point since mid-March last year, just ahead of the US and British invasion of
- Venezuela Strike Sends Oil Prices Up to 22-Month High.
- Newspaper article from: Knight Ridder/Tribune Business News December 24, 2002 700+ words
By Beth Healy, The Boston Globe Knight Ridder/Tribune Business News Dec. 24--Crude oil prices hit a 22-month high yesterday of $31.75 a barrel, spurring a call for President Bush to tap into the nation's Strategic Petroleum Reserve and prompting concerns that consumers will see a spike in gasoline
- Early Iraqi handover sends oil prices lower: Oversupply new fear.
- News wire article from: The America's Intelligence Wire June 29, 2004 700+ words
(From Financial Post) CALGARY - Oil prices dipped to a two-month low yesterday as markets worried about too many barrels entering a well-stocked market, just as concerns about terrorist attacks to Iraqi oil installations were allayed by the handover of the country's sovereignty two days ahead of
- Yukos Reversal Sends Oil Soaring, THE MOSCOW TIMES.
- News wire article from: The America's Intelligence Wire August 6, 2004 700+ words
(From Worldsources (English)) URL: httpwww.themoscowtimes.com/ The Justice Ministry on Thursday said a freeze on Yukos' accounts remained in force, contradicting a statement by the company that it had been given access to its funds and sending U.S. oil prices to a new record high. Yukos had said
- Problem in Alaska sends oil price up: 3% jump follows closing of key field,...
- Newspaper article from: Baltimore Sun (Baltimore, MD) August 8, 2006 700+ words
Byline: Paul Adams Aug. 8--The world oil market's increasing skittishness in the face of disasters and war was exposed anew yesterday after BP PLC announced that it was shutting down a key Alaskan oil field, possibly for weeks or months, because of pipeline corrosion. Oil prices soared $2.22, or 3
