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Oil Charges Above $55 as Funds Pile In

LONDON (Reuters) - Oil prices surged above $55 a barrel on Thursday as investment funds bet that rapid demand growth will keep supply under strain through this year. U.S. light crude for May delivery jumped $2.15 to $55.20 a barrel, posting gains of around 19 percent in just over three weeks. U.S. prices are barely a dollar below a record of $55.67 hit in October. North Sea Brent crude leaped $1.78 to $53.00 a barrel, the highest level in 17 years of trade on the ... : Oil Charges Above $55 as Funds Pile In

Mutual Funds 101 by the Book

By Linda Stern WASHINGTON (Reuters) - Sometimes it helps to go back to the beginning and start simple -- to relearn why you've invested in mutual funds and how to make the most of them. That can be daunting: Today there are almost 9,000 mutual funds, including some that trade like stocks, some that have arcane investment objectives and many that seem to have unique selling points but near-identical portfolios hidden behind their prospectuses. If your brain... : Mutual Funds 101 by the Book

Oil Down as Supply Fears Ease, Funds Exit

LONDON (Reuters) - Oil prices slipped further from record highs on Monday as easing concern about winter supplies prompted further profit-taking from big-money hedge funds. U.S. light crude (CLc1: Quote , Profile , Research ) fell 59 cents to $49.01 a barrel, more than $6.50 below the all-time peak at $55.67 struck on Oct 25. London Brent crude (LCOc1: Quote , Profile , Research ) was down 52 cents at $45.9... : Oil Down as Supply Fears Ease, Funds Exit

Mutual Funds

A mutual fund is defined as a group of investors who pool their money together, entrust a professional money manager to invest those funds in the stock market, bond market, or a combination of both spreading the risk and increasing your opportunity for diversified growth. ... : Mutual Funds

Social Security Reform a Boon for Funds?

By Herbert Lash NEW YORK (Reuters) - The bonanza many believe President Bush has handed the mutual fund industry with his plans to reform Social Security may be a mirage, industry leaders said on Friday. How workers will be allowed to invest some of their payroll taxes in the stock market is far from clear, but there is a presumption it will be windfall for... : Social Security Reform a Boon for Funds?
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