CORRECTION: Wall St set for slide on oil, housing, credit

(Reuters) - NEW YORK - Stocks headed for a sharply lower open on Thursday as worries about a rise in oil prices, housing slump and worsening climate for financing corporate takeovers drove a global sell-off in shares.




U.S. crude for September rose to $77.24 in electronic trade, stoking concern about the toll of higher energy prices on personal spending as consumers grapple with a stalled housing market.


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Oil above $71 on drop in US fuel stocks

(Reuters) - Oil rose above $71 a barrel on Friday as investors focused on falling gasoline inventories in top consumer the United States and a regional drop in crude stocks.

A U.S. government report on Wednesday showed gasoline stocks fell 700,000 barrels last week and crude inventories at Cushing, Oklahoma, the delivery point for the U.S. crude benchmark, dropped 1.4 million barrels.


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Oil rises on thin U.S. gasoline stocks, supply risks

(Reuters) - London Brent crude for August delivery, currently seen as more representative of the global market, rose 23 cents to $71.70 a barrel by 0153 GMT, after gaining 11 cents on Friday when it hit a 10-month high.




U.S. crude for July steadied at $68.00 after climbing 5 percent last week, while U.S. gasoline futures continued to rise to lead oil market gains after data last week showed stockpiles of the motor fuel in the United States unexpectedly failed to build.


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