Oil Tumbles As Economists Warn On High Prices

NEW YORK (AP) -- Oil prices tumbled 3 percent Thursday, as economists warned that the recent surge in fuel prices will eventually hurt the fragile economic recovery....

Sections:  news   business   
Topics:  economic recovery   economy   energy   oil   oil prices   
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    The dollar has risen above 100 yen for the first time in more than four years as currency traders persist in selling the Japanese currency in reaction to Tokyo's aggressive credit-easing moves. More
  • Obama to open middle-class jobs, opportunity tourObama to open middle-class jobs, opportunity tour
    Aiming to show he's still focused on creating jobs, President Barack Obama is beginning a series of quick trips around the country to resurrect ideas from his State of the Union address that became overshadowed by the intense debates over gun control, immigration and automatic spending cuts. More
  • Retailers report modest gains for April
    Americans spent briskly during the early spring months in the latest sign that they’re encouraged by the economic recovery. Falling gas prices, a rallying stock market and gains in the job market all fueled Americans’ shopping habits even as cold weather tempered their desire to buy spring fashions. More
  • US home building is surging, but job growth isn'tUS home building is surging, but job growth isn't
    The resurgent U.S. housing market has sent builders calling again for Richard Vap, who owns a drywall installation company. Vap would love to help - if he could hire enough qualified people. "There is a shortage of manpower," says Vap, owner of South Valley Drywall in Littleton, Colo. More
  • US casino revenue up nearly 5 percent in 2012US casino revenue up nearly 5 percent in 2012
    Things are looking up for most of the nation’s commercial casinos, as gambling revenue increased by nearly 5 percent last year and jobs held roughly steady. According to the annual survey of casinos by the American Gaming Association, America’s nontribal casinos took in $37.3 billion from gamblers last year, an increase of 4.8 percent over 2011. More
  • Falling oil prices hurt some, help others in U.S. economy: Fed
    WASHINGTON — A plunge in energy prices helped many Americans spend more freely in November and December, but it also weighed on those with livelihoods tied to the oil industry, the Federal Reserve said on Wednesday. All told, the Fed’s monthly Beige ...
    01/14/2015 - 7:02 am | View Link
  • UK inflation slows sharply amid falling oil prices
    While the drop will force Bank of England Governor Mark Carney to write a letter to Treasury chief George Osborne, explaining why inflation is over a percentage point below the bank's 2 percent target, some economists say the decline is good news for the ...
    01/13/2015 - 1:44 am | View Link
  • 2015 Predictions: World War 3 Inevitable? Cold War 2 May Focus On Arctic Oil, Not A Russian Nuclear War
    Edelson was not making any World War 3 2015 predictions ... and economists have theorized that any country which reaches this threshold may eventually face severe repercussions. Experts have warned that if the US federal debt gets high enough, the interest ...
    12/16/2014 - 6:55 am | View Link
  • Oil tanks as Opec leaves production levels unchanged – business live
    My earlier summary has the story of how Opec triggered the rout ... energy companies are urging the Treasury to offer more tax breaks to help them. Otherwise, they warn, extractors could abandon the North Sea for other areas. Citi, the Wall Street bank ...
    11/28/2014 - 12:14 am | View Link
  • Could low oil prices alter promised tax cuts?
    OTTAWA - The federal government will have to weigh the potential risks of sliding oil prices before it starts doling out large tax cuts in advance of next year's election, economists warn. Finance ... when energy prices are high. Bartlett said the Canadian ...
    10/15/2014 - 9:00 pm | View Link
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  • Times Online
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    01/26/2015 - 10:04 pm | View Website
  • Business News, Personal Finance and Money News
    Find the latest business news on Wall Street, jobs and the economy, the housing market, personal finance and money investments and much more on ABC News
    01/21/2015 - 4:09 am | View Website
  • Oil Prices Tumble to Fresh Lows
    Saudi Arabia added to the downward pressure Monday by cutting February prices for its crude oil in the U.S., while raising them in Asia. Saudi price cuts to the U.S ...
    01/5/2015 - 8:49 pm | View Website
  • U.S. Stocks Tumble Along With Oil Prices
    The Dow industrials tumbled more than 300 points Monday, kicking off the new year on a sour note as a renewed slide in oil prices sent energy shares sharply lower ...
    01/5/2015 - 1:25 pm | View Website
  • Oil rises 3.4% as some OPEC members forecast rebound ...
    Oil rebounds on Tuesday, but analysts warn that any relief is likely to be limited
    12/23/2014 - 10:06 am | View Website
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