Mid East crisis sending oil up, stocks down...

by contentguy | July 14, 2006 at 07:18 am

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As world leaders prepare to meet in St. Petersberg for the G-8 gathering, conflicts in the Middle East are impacting millions of lives. NowPublic is looking for contributors who can document impacts of the latest crises. In the meantime we are committed to bring you the most relevant information.

NEW YORK - Surging oil prices pulled stocks lower for a third straight session Friday, with bland earnings at General Electric Co. and weak retail sales dampening the economic outlook. The Dow Jones industrial average has lost more than 300 points this week.
Crude futures reached a record $78.40 a barrel as
Israel intensified its attacks on Lebanon, raising concerns about potential supply disruptions. A barrel of light crude recently was up $1.02 at $77.72 on the New York Mercantile Exchange.