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Rising oil prices could imperil a modest increase in crude demand and the recovery of the global economy, the International Energy Agency said Thursday as it raised its outlook for oil demand this year.
Oil prices swung around $79 a barrel Tuesday, as a storm threatening oil installations in the Gulf of Mexico weakened and investors eyed a volatile dollar.
In a borderless European Union that boasts 23 official languages, one member, Slovakia, has enacted a law that limits the use of the languages of some fellow EU members.
Oil prices slipped below $71 a barrel Monday as high crude stockpiles and weak demand tempered enthusiasm about recent signs of improvement in the world's largest economy.
Oil prices dropped below $69 a barrel Monday in Asia amid a stronger U.S. dollar and a slide in regional stock markets.
It was a picnic that changed the course of history.
Felipe Massa's doctor says the Formula One driver will return home to Brazil on Monday.
Oil prices slid below $60 a barrel Friday as investors braced for company earnings reports next week that will provide clues on the strength of crude demand.
European leaders marked the 20th anniversary of the symbolic fall of the Iron Curtain, often described as the first crack in the Berlin Wall and one of the key episodes leading to the end of communism in Eastern Europe, in Budapest on Saturday.
Twenty years ago, Hungarians were finally allowed to honor the executed leaders of their 1956 anti-Soviet revolution. On Tuesday, they commemorated that turning point on the road to freedom.
Oil prices took a dive Wednesday after a government report on unused crude in storage suggested the monthlong rally in energy prices may have been premature.
Oil prices eased back from six-month highs Thursday in Asia as investors looked to a weekly U.S. inventory report for signs of crude demand may be recovering.
Oil prices eased off six-month highs Thursday in Asia after rallying the day before to above $62 a barrel on a bigger-than-expected fall in U.S. crude inventories.
Hundreds of mourners attended Wednesday's funeral of a fifth Hungarian Gypsy shot dead in a series of killings police say may have been committed by the same group.
Hungary's government said Tuesday there is no credible evidence so far that a group made up of Hungarians and other Europeans plotted to assassinate Bolivian President Evo Morales.
Hungary's new prime minister said Sunday that the country's economy would contract by as much as 6 percent this year, making new budget cutbacks and reforms necessary to keep the state budget in balance.
Oil prices reversed course and traded higher Friday on news that two U.S. Navy vessels had collided in the Strait of Hormuz, the portal for about 40 percent of all seaborne traded oil last year.
Oil prices rose to just over $48 a barrel Friday as investors wondered whether OPEC will announce a production cut at its meeting on Sunday, and how big the cut might be.
From salami makers to fertilizer producers, industries in Eastern Europe are being forced to cut output as the shut-off in Russian gas supplies risks deepening the economic crisis already plaguing the region.
Oil prices rebounded above $36 a barrel Friday in Asia from a sharp fall the previous trading day as investors braced for more signs that a global economic slowdown deepened in the fourth quarter.
Zsolt Kerecsen, a 34-year-old software developer with three kids and a mortgage, is no high roller. But like thousands of other middle-class Hungarians he gambled by borrowing to buy a home in Swiss francs.
Oil prices fell more than $2 a barrel Thursday on worries that demand for crude will erode further and the dollar strengthened against the euro. But trading was volatile.
Oil prices were wavering near $98 a barrel Thursday as expectations the U.S. Congress will pass a revised $700 billion financial industry bailout this week battled to overcome concerns over slowing demand for crude in the world's biggest economy.
Oil prices tumbled to below $111 a barrel Monday as weather forecasters said Hurricane Gustav was weakening as it advanced toward Louisiana.
Oil prices fell Tuesday in Asia to a 3-month low as a stronger dollar and weakening crude demand from China weighed on investor sentiment.
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