Oil

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Oil extends slide below $130 on demand worries, Iran
(Reuters via Yahoo! News - Jul 17, 2008)

Oil prices dropped by $5 on Thursday, adding to a decline of about 12 percent from last week's record on worries over U.S. demand and easing political tensions between Iran and the West over the OPEC producer's nuclear program.

news.yahoo.com/s/nm/20080717/bs_nm/markets_oil_dc_29

Oil's price drop, JPMorgan profit boost stocks
(Reuters via Yahoo! News - Jul 17, 2008)

Stocks climbed more than 1 percent on Thursday as oil prices dropped sharply for the third day, while banks rallied after stronger-than-expected results from JPMorgan Chase & Co.

news.yahoo.com/s/nm/20080717/bs_nm/markets_stocks_dc_63

Oil tumbles for 3rd day following natural gas
(AP via Yahoo! News - Jul 17, 2008)

Oil prices fell sharply Thursday following two days of declines, dragged down further by a massive sell-off of natural gas.

news.yahoo.com/s/ap/20080717/ap_on_bi_ge/oil_prices_93

Nigerian oil workers union threatens to pull members out of Delta
(AFP via Yahoo! News - Jul 17, 2008)

Nigeria's main oil workers union NUPENG threatened Thursday to pull out its members if there was no improvement to the worsening security climate in the country's Niger Delta.

news.yahoo.com/s/afp/20080717/wl_africa_afp/nigeriaoilunrest...

Democrats push rule to spur oil drilling
(AP via Yahoo! News - Jul 17, 2008)

Seeking to blunt GOP efforts to permit oil exploration off the Atlantic and Pacific coasts, House Democrats Thursday pressed legislation they say would spur drilling on already available lands in Alaska, the West and the western Gulf of Mexico.

news.yahoo.com/s/ap/20080717/ap_on_go_co/congress_energy_7

Oil extends steep slide on demand worries, Iran
(Reuters via Yahoo! News - Jul 17, 2008)

Oil prices dropped by $4 on Thursday, adding to a decline of more than 10 percent from last week's record on worries over U.S. demand and easing political tensions between Iran and the West over its nuclear program.

news.yahoo.com/s/nm/20080717/bs_nm/markets_oil_dc_27

Oil holds above $145 a barrel in Asia
(AP via Yahoo! News - Jul 15, 2008)

Oil held above $145 a barrel Tuesday in Asia as a series of threats to supply in a finely balanced market continues to keep a floor under prices.

news.yahoo.com/s/ap/20080715/ap_on_bi_ge/oil_prices_21

Petronas Profit Jumps to Record as Oil, Gas Increase (Update3)
(Bloomberg.com - Jul 15, 2008)

July 15 (Bloomberg) -- Petroliam Nasional Bhd. , Malaysia's state oil company, said profit jumped to a record because of increased overseas production and higher prices for crude, petrochemical and liquefied natural gas.

www.bloomberg.com/apps/news?pid=20601080&sid=aeWu28aN8TVY

Oil drops below $145 a barrel in Asia
(AP via Yahoo! News - Jul 15, 2008)

Oil dropped below $145 a barrel Tuesday in Asia although a series of threats to supply in a finely balanced market continues to keep a floor under prices.

news.yahoo.com/s/ap/20080715/ap_on_bi_ge/oil_prices_19

Bush lifts oil drilling ban, wants Congress to act
(AP via Yahoo! News - Jul 15, 2008)

President Bush on Monday lifted an executive ban on offshore oil drilling and challenged Congress to follow suit, aiming to turn the enormous public frustration about gasoline prices into political leverage. Democratic lawmakers rejected Bush's plan as a symbolic stunt.

news.yahoo.com/s/ap/20080715/ap_on_go_pr_wh/bush_26