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Fed officials: inflation muted, policy on course

The recent surge in oil prices is no prelude to broader price increases that would force the U.S. Federal Reserve to raise interest rates, two top Fed officials said on Thursday.

 

Markets Recover Losses, Open Higher

Markets calmed Thursday, opening broadly higher in New York. Markets regained their losses Thursday, after falling nearly 2% on Wednesday as Japan’s nuclear crisis and protests in the Middle East heated up fears over the safety in equity investments. Oil added to its gains Thursday, rising 2% to $99.99 a barrel.

 

Bad news from all angles to greet Wall Street

After seeing oil prices skyrocket from days of turmoil in Libya, investors now must grapple with political protests in the world's top oil exporter, Saudi Arabia, and the impact of Japan's biggest earthquake on record.

 

Oil tumbles as economists warn on high prices

Oil prices tumbled 3 percent Thursday, as economists warned that the recent surge in fuel prices will eventually hurt the fragile economic recovery....

 

United cuts 2011 growth and Southwest raises fares

United Continental Holdings Inc., the world's biggest airline
company, scrapped its 2011 growth plans on Monday and said it will
cut unprofitable routes because of rising fuel prices.

 

Southwest's prices rise with fuel costs

Southwest's prices rise with fuel costs

Rising fuel prices have forced Southwest Airlines to raise ticket prices, but the Dallas-based carrier is also focusing on efficiency measures to lower its fuel consumption, president and CEO Gary Kelly said Monday.

 

Oil price jumps amid fierce fighting in Libya

Oil price jumps amid fierce fighting in Libya

The crisis in Libya again pushed oil prices higher as the New York Mercantile Exchange opened for trading Monday.

 

U.S. considering tapping strategic oil reserve: White House

U.S. considering tapping strategic oil reserve: White House

White House Chief of Staff Bill Daley said on Sunday the Obama administration is considering tapping into the U.S. strategic oil reserve as one way to help ease soaring oil prices.

 

Jobs No Match For Oil Surge, Stocks Slammed

Thursday rally a distant memory as crude surges over $104 and Dow hits session lows.

 

Markets Rebound, Dow Up Nearly 200

Markets Rebound, Dow Up Nearly 200

Upbeat economic data, and slipping oil prices, sparked a broad rally Thursday, lifting the blue chips to their biggest percent gain since December. 

 

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