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Wednesday, March 2, 2011

oil prices market outlook for march 2, 2011

oil prices market outlook for march 2, 2011 : MetLife Inc. dropped 3.3 percent after the largest U.S. life insurer said it will sell shares. Joy Global Inc. slumped 2.5 percent as the maker of mining equipment reported earnings that missed analyst estimates. Yahoo! Inc. increased 3.6 percent as people familiar with the matter said the Internet company is in discussions to dispose of its Japan venture. Texas Instruments Inc. climbed 1.6 percent after JPMorgan Chase & Co. raised its recommendation for the largest analog chipmaker.

U.S. Stocks Fluctuate as Crude Oil Above $100 Tempers Economic Optimism
U.S. stocks fluctuated as oil climbed and a Federal Reserve official said policy makers should raise interest rates as the economy recovers, while a private report showed stronger-than-forecast jobs growth. Read More...

Treasurys Fall On Data, Stocks
Treasurys fell on Wednesday as a private-sector employment report boosted some optimism on the key payroll report later in the week. Read More...

Oil price climbs as Gadhafi vows to fight on
Brent crude for April gained 60 cents to $116.02 a barrel at 1341 GMT against the recent peak of $119.79 hit on Feb. 24. U.S. April crude futures rallied to as high as $101.30 shortly after the U.S. market opened, and was up by $1.40 a barrel around the same time. Read More...

Consumer prices surge 4.5 percent in February
The inflation rate jumped to a 27-month high in February at 4.5 percent, which will likely force the central bank to raise interest rates next week that could pose a threat to economic growth. Read More...

NYMEX-U.S. crude jumps on Libya, Mideast turmoil
Crude got a boost from better-than-expected private employer jobs
report and also the supportive oil inventory data from industry that was
released late on Tuesday. Read More...

US Stocks Waver In Early Trading, Crude Oil Surges
U.S. stocks struggled for direction Wednesday morning as crude oil crept over $100 a barrel. The Dow Jones Industrial Average was off two points at 12055 in early trading. The Standard & Poor's 500-stock index slipped less than a point to 1306 while the Nasdaq Composite edged down less than a point at 2736. Read More... For the latest updates PRESS CTR + D or visit Stock Market news Today

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