Oil hits 100 a barrel but buyers not scared yet
Oil briefly topped 100 a barrel as consumers face higher gas and home heating costs. Analysts say energy bills weigh less on personal income now than in 1980, limiting recession risk, though gas could rise to 3.50 to 4 dollars next summer. Gasoline averages around 3.05 per gallon, with some sentiment mixed among shoppers and workers.
MENTIONED IN THIS ARTICLE
New York
David Wyss
Standard & Poor’s
AAA
Oil Price Information Service
Susan Witte
Fairless Hills
Philadelphia
Kay Smith
The
Energy Information Administration
Lester Lave
Carnegie Mellon University
Tepper School of Business
Stocks fall as manufacturing slips and oil tops $100
Wall Street sagged after ISM December manufacturing index fell to 47.7 from 50.8, signaling contraction. Oil jumped to $100 amid Nigeria violence and Mexico weather fears, fueling investor concern for a quicker economy slowdown. Dow dropped over 200 points in the first 2008 trading session, with all major indexes down.
MENTIONED IN THIS ARTICLE
New York
Wall Street
Institute For Supply Management
Thomson/IFR
New York Mercantile Exchange
Nigeria
Mexico
U.S
Alan Levenson
T. Rowe Price Associates Inc
Grain futures rise on Chicago Board of Trade
Agricultural wheat for March delivery gains 5.25 cents to 3.12. March soybeans advance as corn climbs 7 cents to 34.5 cents and 12.4875 a bushel. Oats at 4.625 a bushel. Associated Press notes market activity on the Chicago Board of Trade.
MENTIONED IN THIS ARTICLE
Chicago
Board of Trade
Associated Press
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John Wilen
Dow Jones
Standard &21
Poor's
Russell
Nyse Diary
BOSCH
Reace and
Fisher&Paykel
Ymayiag
Iy Stout
Hun Manis
Fas Sieal
Secon Accents
Econ
Lowes.com
Springfield
Illinois
4Stry Alcoa Inc
Burger King
Lowes
Pier
Walgreens
All State
Canadian Rail
Ford Motor Co
ProFac Coop
Wal-Mart
Altria
CAT
Gen. Dyn
McDonalds
Prudential
Watson Pharma
Ameren
CBRL
Halliburton
Metlife
Qualcomm
Wellman
Mips Technologies
Whirlpool
Archer
Clear Channel
Harris
Nbty Inc
Southern Co
AXA
Coke
Intel
Nucor
Southwest
Aay
Baker Hughes
ConAg
Integra
Occi
Petrol
Sun Microsystems
Wachovia Bemis
CVS Corp
JC Penney
O'charley’s
Super Valu
Securities, Inc
Bob Evans
Devon
Jones Soda
Old Nat. Banc
Unova
Boeing
Dillard's
Kinder Morgan
Olin
US Bancorp
NYSE
SIPC
Amoco
Discover
Kroger
Pepsi
USG
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DuPont
Ent
Pfizer
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Duke Egg
Mylan
AMR
AMD
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Nokia
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Fordm
OcciPet
Amovill
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Penney BO
Aeagleout
PepsiCo
AmExp
Gap
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GnMotr
Pridevitl
ArchDan
GoldFlrd
Golderp
Pultel H
Bjsves
Goldman
QwestCm
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Goodyear
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BestBuy
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Wal
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SwstAirs
IBM
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Interpublic
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Cvscare
JohnJn
CapOne
Keycorp
Texinst Aof
Kinross
Caterpillar
ChesEng
CircCity
UtdMicro Ve
Citigro
Ldksol
Ussteel BO
CocaCl
LillyEli
UtdhIthGp
Coeur
Valero
CVRD
Loews
Verizone
Cvropf
Verizonem
ConocPhil
MBIA
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Corning
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Xerox
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Micront
Yamana
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