U.S. stocks close modestly higher after oil pares losses

Date: Mon, 11 Aug 2008 17:03:58 -0400
U.S. stocks close modestly higher after oil pares losses

U.S. stocks scale back their earlier gains, as crude comes off its lows
to close above $114 a barrel.

Futures Movers: Oil ends below $115 in tug of war with supply, demand
concerns

Crude-oil futures close below $115 a barrel in volatile trading after
touching their lowest level in more than three months.

Economic Report: Credit squeeze getting worse, banks say

The credit squeeze got worse in the past three months, the Federal
Reserve reports, and most banks expect to keep a lid on credit for the
next year at least.

Gold futures close at their lowest level of the year

Gold futures close at their lowest level of the year as a decline in oil
prices and strength in the dollar send the precious metal's prices down
by more than 4% an ounce in electronic trading.