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Stock markets across Europe and Asia fell Monday amid concerns about a slowdown in the U.S. economy and the outlook for corporate profits.
Asian stocks surged, Europe extended its gains and Wall Street was poised to rally once more Wednesday amid a growing belief that the worst of the credit crisis is over.
Asian markets ended mixed Thursday, rebounding from early lows that came after another steep loss on Wall Street and amid persistent worry over the likely impact of a U.S. recession.
Oil futures shot higher Tuesday, rising above $99 for the first time since early January as investors bet that crude prices will keep climbing despite evidence of plentiful supplies and falling demand. At the pump, gas prices rose further above $3 a gallon.
Asian stock markets had a strong, if volatile, year with China leading the pack as investors bet on the region's continued growth prospects.
Crude oil prices dipped to their lowest level in a month Friday, falling below $90 a barrel as investors sold amid signs of weakening demand and expectations OPEC will boost production next week.
Oil futures eked out a small gain Thursday, rebounding from two days of sharp declines after a fire at a pipeline serving the Midwest raised new supply concerns.
Oil prices were little changed Friday as the market turned its attention to OPEC for signals on whether the cartel will raise production to ease record prices.
Crude oil prices were steady above $97 a barrel Thursday after failing to break above $100 as a U.S. weekly inventory report showed crude oil inventories rose at a key oil terminal.
Crude futures rose to record levels on Friday, supported by worries over political tensions in the Middle East where the U.S. imposed sanctions on Iran and Turkish troops remained massed at the Iraq board to counter Kurdish rebels.
Crude oil prices rose in Asia Friday — climbing above $91 a barrel at one point — on renewed concerns about oil supplies and news that OPEC won't further increase output.
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