Weak dollar, tax rebates bolster US economic growth
By Justin Cole

WASHINGTON - A boom in exports and tax rebates to tens of millions of Americans helped bolster US economic growth to an annualized 1.9 percent during the second quarter, a government report showed Thursday.   details

ExxonMobil profit hits record on oil surge


NEW YORK - Surging oil prices helped US energy giant ExxonMobil to a 14 percent jump in quarterly net profit to 11.68 billion dollars in results Thursday short of most forecasts on Wall Street.   details

Shell profits gush on record high oil prices despite violence in Nigeria
by Roland Jackson

rLONDON (AFP) - Anglo-Dutch energy giant Royal Dutch Shell said on Thursday that high oil prices helped push its net profit up by a third to 11.556 billion dollars (7.409 billion euros) in the second quarter.   details

Oil prices slide after strong rebound


T LONDON - World oil prices slid Thursday on profit-taking after a rebound of more than four dollars the previous day that was driven by an unexpected decline in US petrol stockpiles, analysts said.

New York's main contract, light sweet crude for September delivery, handed back 1.   details