Oil

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Oil's down, but airfares aren't
(Detroit News - Oct 13, 2008)

Since hitting a record in mid-July, the price of crude has fallen by roughly a third amid slowing demand and growing economic concerns — so why haven’t airfares fallen too?   The drop in oil is easing the near-term worries of major airlines, but many are still skittish that prices could go back up. Many airline executives also point out that fuel is still costing them more than a year ago. Oil ...

www.detnews.com/apps/pbcs.dll/article?AID=/20081013/BIZ01/81...

Palm Oil Declines to Two-Year Low on Concern Demand Is Falling
(Bloomberg - Oct 13, 2008)

Oct. 13 (Bloomberg) -- Palm oil futures in Malaysia extended last week's 11 percent plunge to drop to their lowest in almost two years on concern demand is slowing as the credit crisis may push the global economy into recession.

www.bloomberg.com/apps/news?pid=20601012&sid=aR5IoNgBNld8

Korean Air, Airlines Gain After Oil Price Declines (Update1)
(Bloomberg - Oct 13, 2008)

Oct. 13 (Bloomberg) -- Korean Air Lines Co. , South Korea's largest carrier, rose to the highest in about two weeks in Seoul trading on speculation that oil price near a 13-month low will boost earnings.

www.bloomberg.com/apps/news?pid=20601209&sid=aYVBUjVYnyDw

Oil rebounds from 13-month low
(CNN - Oct 13, 2008)

SINGAPORE (AP) -- Oil prices rebounded from a 13-month low to rise above US$80 a barrel Monday in Asia on expectations that a pledge by European countries to keep banks from collapsing may stabilize a tumultuous global financial system.

www.cnn.com/2008/BUSINESS/10/13/oil.prices.ap/index.html?sec...

As profits dip, oil countries' aid programs may take hit
(USA Today - Oct 13, 2008)

Venezuelan President Hugo Chvez is helping people by converting high oil prices into billions of dollars spent on aid programs as part of a strategy to win new allies throughout Latin America and to diminish the power of his avowed archenemy, the Bush administration.

www.usatoday.com/news/world/2008-10-12-oil-countries_N.htm?c...

Crude Oil Rises From 13-Month Low on European Bank Rescue Plan
(Bloomberg - Oct 13, 2008)

Oct. 13 (Bloomberg) -- Crude oil rose from a 13-month low in New York on speculation action by European leaders to prevent the region's major lenders from collapsing may help slow credit market turmoil that threatens to stall the global economy.

www.bloomberg.com/apps/news?pid=20601012&sid=agsqpxmZalwY

As profits dip, oil countries' aid programs may take hit
(USA Today - Oct 13, 2008)

Venezuelan President Hugo Chvez is helping people by converting high oil prices into billions of dollars spent on aid programs as part of a strategy to win new allies throughout Latin America and to diminish the power of his avowed archenemy, the Bush administration.

www.usatoday.com/news/world/2008-10-12-oil-countries_N.htm?c...

Crude Oil Rises From 13-Month Low on Europe Bank Rescue Plan
(Bloomberg - Oct 13, 2008)

Oct. 13 (Bloomberg) -- Crude oil rose from a 13-month low in New York on speculation action by European leaders to prevent the region's major lenders from collapsing may help slow credit market turmoil threatening to stall the global economy.

www.bloomberg.com/apps/news?pid=20601012&sid=an6I1ffDluCo

Colts crush Ravens, record first win at Lucas Oil Stadium
(The Sports Network - Oct 13, 2008)

Colts crush Ravens, record first win at Lucas Oil Stadium

www.sportsnetwork.com/merge/tsnform.aspx?c=sportsnetwork&pag...

Saudi Fin Min: Speculative Trading Contributes To Oil Swings
(Nasdaq - Oct 13, 2008)

WASHINGTON -(Dow Jones)- Saudi Arabia, the world's largest oil exporter, reiterated its concern Sunday that speculative trading has contributed to the swings in oil prices.

www.nasdaq.com/aspxcontent/NewsStory.aspx?cpath=20081012%5cA...