US stocks decline on European concern

Note: This section contains information in English only.
Source: Marketwatch
© Scanpix/AFP
On Thursday US equities experienced substantial losses as borrowing costs in Spain and France increased. Investor anxiety erased gains from reported improvements in jobs and housing statistics.  S&P 500 lost 1.7% or 20.74 points to 1,216.18, Dow Jones Industrial Average fell 1.1% or 134.64 points reaching 11,770.95 while Nasdaq Composite dropped 2% or 51.62 points to 2,587.99.

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Fri, 18 Nov 2011 09:14:02 GMT

US oil prices increased again

Oil prices are again above USD 100 per barrel. Higher oil prices will lead to more expensive refined products - gasoline and heating oil. Prices for West Texas Intermediate crude oil were more than USD 102 barrel as traders were inspired by the news about new pipeline that will ease oil delivery.

Fri, 18 Nov 2011 15:34:36 GMT

Oil Spill near Rio de Janeiro coasts

Brazil is investigating oil spill in 120km from the coast of Rio de Janeiro state. The responsibility of the spill lies on the US company Chevron. About 600 barrels of oil shaped a slick on the water. Fortunately the spill moves away from Brazilian coast as more than 17 ships clearing up the spill. In case Chevron does not fulfill its obligations to clean

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