New York Mercantile Exchange

World Stocks Surge; Dow Breaks All-Time High

World stock markets rose Tuesday as investors applauded China's pledge to stick to economic growth targets for its economy, the world's second largest. Outgoing Premier Wen Jiabao said the government would spend what it needs to meet the target of 7.5 percent enshrined in the latest five-year development plan.

Markets Cautious Ahead of Debt Ceiling Vote

Stock markets traded cautiously on Wednesday ahead of a U.S. vote on raising the nation's borrowing limit temporarily. The House is set to vote on a motion to increase the nation's $16.4 trillion borrowing ceiling for three months.

U.S. Stock Prices Dip Ahead of Earnings Season Kickoff

U.S. stocks fell Tuesday as traders awaited the start of the corporate earnings season. Market-watchers expect the quarter's results could include many surprises because of events like Superstorm Sandy, the presidential election, and the narrowly avoided "fiscal cliff."

Oil Prices Rise as Fiscal Cliff Recession Fears Recede

The price of oil jumped by more than a dollar on Wednesday, to above $93 a barrel, after U.S. lawmakers passed legislation to avoid a fiscal cliff that could have pushed the world's biggest economy into recession, and reduced global demand for energy.