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Global stock markets, oil price turn lower

Global stock markets, oil price turn lower

NEW YORK (AP) — U.S. stocks are opening lower as another drop in the price of oil and some weak corporate earnings got trading off to a gloomy start. Oil companies sank along with the price of crude early Friday. Chevron fell 1 percent. Several companies were also falling after releasing weak earnings or outlooks. Deere & Co. and Nordstrom ...

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Oil prices touch multi-week lows, as supply worries grow

LONDON – Oil prices fell to their lowest in six weeks on Tuesday, as mounting worries over persistent oversupply grew ahead of U.S. data that was expected to show another increase in crude inventories. Brent December futures fell 82 cents to $47.72 a barrel by 1338 GMT, their lowest since mid-September, after settling the previous session down 45 cents. U.S. ...

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N.D.’s January oil production ‘somewhat disappointing’

oil rig

By Amy Dalrymple  WILLISTON – Windy January weather contributed to a less than 1 percent increase in North Dakota oil production, likely delaying the much-anticipated 1 million barrel a day milestone until spring. North Dakota produced an average of 933,128 barrels of oil per day in January, according to preliminary numbers released Thursday by the Department of Mineral Resources. The figure ...

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