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Barclays sees $100 oil in 2008

LONDON (Reuters) - Investment bank Barclays Capital has raised its crude oil price forecast for 2008 to more than $100 a barrel, citing lower-than expected supply growth from countries outside OPEC

Oil hits record near $112 as dollar slumps

LONDON (Reuters) - Oil rose to a record near $112 on Monday as a surprise weekend cut in the Federal Reserve discount rate and the sale of stricken U.S. investment bank Bear Stearns sent the dollar to all-time lows. See more here: Oil hits record near $112 as dollar slumps

JPMorgan to buy Bear Stearns

NEW YORK (Reuters) - JPMorgan Chase & Co said on Sunday it would buy stricken rival Bear Stearns for just $2 (98.7 pence) a share in an all-stock deal that values the fifth largest investment bank at about $236 million (116.4 million pounds). View original post here: JPMorgan to buy Bear Stearns

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