Prashant Negi

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Oil down, glut eyed as markets await U.S. govt inventory report

NEW YORK (Reuters) - Oil prices fell as much 1 percent for a second day in a row on Tuesday as a rallying dollar and a global fuel glut offset forecasts for lower U.S. crude stockpiles that typically would have been bullish for the market.<p>U.S. crude stockpiles fell by 2.3 million barrels last week, …

West Texas Intermediate

Oil futures mark lowest finish in three months

Oil futures settled Monday at their lowest level in three months as the prospect of more oil-drilling activities in the U.S., a glut of …

Oil down 3 percent after surprise U.S. crude, gasoline builds

NEW YORK (Reuters) - Oil prices tumbled 3 percent on Wednesday, with U.S. crude futures hitting three-month lows, as U.S. crude and gasoline stocks surged on weak demand during the peak summer driving season.<p>The U.S. Energy Information Administration (EIA) said crude stockpiles soared 1.7 million …

Valero Energy

'An event of this magnitude could trigger an even greater global collapse than Lehman Brothers'

At the time, the full extent of the damage to the housing market was unknown. No one had an accurate sense of how broken the banks really were. And no one had any idea that the global economy was about to crack under all of the pressure.<p>But Bear Stearns' collapse and the market reaction made it …

Mark Carney

What You Need To Know About Palawan, The 'Best Island In The World'

Warning: These pictures will give you serious wanderlust.<p>If you're thinking of where to go on your next tropical beach getaway, you may want to look a little farther than the Caribbean.<p>For the second time, the Palawan archipelago in the Philippines has been named 'Best Island In The World' by the …

Asia Travel

Why Smart People Copy Great Ideas

Uber. Facebook. Apple.<p>These are some of America’s most innovative and valuable tech companies. But they’re also great copycats.<p>Uber was just a Town …