Oil wavers near $60 a barrel after tepid retail sales, more glum unemployment data

September 3rd, 2009 Stocks move higher after jobs data, retail salesNEW YORK — Stocks moved higher in early trading Thursday, breaking a four-day losing streak after the latest reading on the jobs market and mixed retail sales reports. The moderate gains in stocks came as the Labor Department said the number of people filing for unemployment claims fell last week by 4,000 to 570,000.

August 13th, 2009 Stocks creep higher after jobs, retail dataNEW YORK — Stocks are pushing moderately higher after a better-than-expected earnings report from Wal-Mart helped to offset disappointing data on jobs and retail sales. Investors are hesitantly adding to Wednesday' big gains, which came after upbeat comments from the Federal Reserve.

August 13th, 2009 Stocks edge lower after jobs, retail dataNEW YORK — Stocks turned lower in early trading Thursday as disappointing reports on jobs and retail sales deflated some of investors' optimism about the economy. Investors sent the major indexes slightly higher at the opening, but stocks failed to hold on to the gains and extend Wednesday's big rally, which followed upbeat comments from the Federal Reserve.

August 10th, 2009 Oil hovers near $71 as investors eye US consumersSINGAPORE —Oil prices hovered near $71 a barrel Monday in Asia as investors looked to signs later this week of the U.S. consumers' health.

August 7th, 2009 Oil wavers as jobs report boosts dollarNEW YORK — Oil prices wavered Friday on fresh evidence the economy was pulling itself out of recession. Benchmark crude for September delivery increased 35 cents to $72.29 a barrel on the New York Mercantile Exchange.

August 5th, 2009 Oil prices waver on robust supplies, econ dataSIOUX FALLS, S.D. — Oil prices wavered near $72 a barrel Wednesday with crude supplies growing and more signs of weakness in major sectors like retail and transportation.

August 5th, 2009 Euro retail sales fall 0.2 pct in JuneBRUSSELS — The European Union says retail sales in the 16 nations that use the euro fell 0.2 percent in June from a month earlier, showing that consumers are wary of spending as unemployment hits a 10-year high. Shoppers cut back spending both on daily essentials such as food, drink and tobacco and on non-food items such as clothing, electronics and medicines.

August 3rd, 2009 German retail sales down 1.6 pct in JuneBERLIN — German retail sales were down 1.6 percent on the year in June and dropped by a steeper 2.1 percent for the whole of the first half as the global crisis maintained its grip on Europe's biggest economy, an official estimate showed Monday. The Federal Statistical Office said that specialist food and drink retailers and department stores saw particularly steep falls in June, with sales declining by 5.6 percent and 7.3 percent respectively.

July 13th, 2009 Oil lingers around $60 on demand worriesNEW YORK — Oil prices drifted down to near $60 a barrel on Monday, continuing last week's trend as the second-quarter earnings season got under way. Benchmark crude for August delivery fell 72 cents to $60.15 a barrel on the New York Mercantile Exchange.

July 9th, 2009 Oil dips below $60 with consumers scaling backNEW YORK — Oil prices dropped below $60 a barrel Thursday, continuing a seven-day slide with new consumer and employment data casting a pall over energy markets. Benchmark crude for August delivery fell 15 cents to $59.99 a barrel on the New York Mercantile Exchange.

July 3rd, 2009 Euro zone retail sales down 0.4 percent in MayLONDON — Retail sales fell in May in the 16 countries that use the euro, in a further sign that consumers aren't optimistic about their future in the midst of a deep and widespread recession. Eurostat, the EU's statistics office, says retail sales in the euro zone fell by 0.4 percent from the previous month.

July 3rd, 2009 Oil hovers above $66 in Asia after weak jobs dataSINGAPORE — Oil prices hovered above $66 a barrel Friday in Asia in light holiday trading a day after grim unemployment numbers from the U.S. and Europe sent crude prices tumbling.

June 19th, 2009 Russian economic slide may be slowing, data showsMOSCOW — Russia's economic decline may be nearing a bottom, with unemployment dropping for the first time since September and investment and retail sales rising in May, economic data showed Friday. About 200,000 Russians found jobs last month, which cut the unemployment rate to 7.5 million people, or to 9.9 percent from 10.2 percent in April, the Federal Statistics Service said.

June 4th, 2009 Stocks mixed after data on jobs, retail salesNEW YORK — Cautious traders are looking for more than just any sign of improvement in the economy. Stocks zigzagged in a narrow range Thursday after the number of unemployed workers continuing to receive benefits unexpectedly dropped for the first time in 20 weeks.

March 13th, 2009 NEW YORK - Crude oil prices Thursday jumped more than 11 percent to settle at $47.03 a barrel on a better-than-expected US retail sales data and the upcoming meeting of the Organisation of the Petroleum Exporting Countries (OPEC) in Vienna Sunday. Light, sweet crude for April delivery rallied $4.70 to settle at $47.03 a barrel on the New York Mercantile Exchange.