Monday, August 11, 2008
U.S. stocks close modestly higher after oil pares losses
U.S. stocks close modestly higher after oil pares losses
U.S. stocks scale back their earlier gains, as crude comes off its lows
to close above $114 a barrel.
Futures Movers: Oil ends below $115 in tug of war with supply, demand
concerns
Crude-oil futures close below $115 a barrel in volatile trading after
touching their lowest level in more than three months.
Economic Report: Credit squeeze getting worse, banks say
The credit squeeze got worse in the past three months, the Federal
Reserve reports, and most banks expect to keep a lid on credit for the
next year at least.
Gold futures close at their lowest level of the year
Gold futures close at their lowest level of the year as a decline in oil
prices and strength in the dollar send the precious metal's prices down
by more than 4% an ounce in electronic trading.
