new york mercantile

Oil drops below $100 on global economic weakness

Mon, 29 Sep 2008 17:55:04 -0500

Oil prices tumbled Monday as concerns about global economic weakness outweighed signs that lawmakers are close to passing a $700 billion bailout of the U.S. financial system. Light, sweet crude for November delivery was down $8.19 to $98.70 a barrel in morning trade on the New York Mercantile Exchange.

Price of oil dips below $100 a barrel

Sat, 13 Sep 2008 15:24:57 -0500

For the first time since April 2, the price of oil has fallen below $100 US a barrel. At 1.45 p.m. EDT, the going rate for October crude future on the New York Mercantile Exchange was $99.99 US. It subsequently rose back above $100.

Gold Futures Soar Above $1,000 to New Record

Fri, 14 Mar 2008 12:27:37 -0500

NEW YORK (MarketWatch) -- Gold futures broke above the psychologically key level of $1,000 an ounce Thursday, propelled by ongoing dollar weakness and bleak news from the financial sector. Early Thursday, gold for April delivery soared to a record high of $1,001.50 an ounce on the New York Mercantile Exchange for the first time that gold surpassed