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....

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Topics:  economic recovery   economy   energy   oil   oil prices   
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    U.S. home sales picked up slightly in February but remain sluggish due to tight inventories, affordability problems and nasty winter weather. More
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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
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    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
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    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
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    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
  • Markets Live: Flight Centre tumbles - Canberra Times
    Aust dividends may be flat in 2016: report - Adelaide Now
    05/22/2016 - 12:58 pm | View Link
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    Tom Gadsby, of Liberum, said: “We do not believe that the luxury goods model lends itself well to price cutting and promotion, rather brand value is driven by exclusivity engendered by high pricing ... with economists warning that a British ...
    06/20/2016 - 7:00 pm | View Link
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    The sales balance of the CBI distributive trades survey fell to +10 from +16 in January, below the +12 reading forecast by economists. Commodity stocks ... tracking overnight tumbles by US and Asian markets as the price of oil extended its recent declines ...
    02/23/2016 - 2:29 pm | View Link
  • 'Sell everything!' Dire warning from Royal Bank of Scotland as fears mount that markets are set for new crash and oil could plunge to $10 a barrel
    Risks are high.' Adding 'this looks very much like 2008', RBS suggested taking refuge in US and German government bonds. UK motorists can look forward to lower petrol prices as the oil price tumbles ... have started to warn that what looked like a market ...
    01/14/2016 - 5:23 am | View Link
  • Australian Dollar Soars as RBA Raises Interest Rates, USD Drops on Oil (Euro Open)
    Economists were calling for a –A$0.9 billion outcome ahead ... Unnamed sources quoted in the article alleged that Russia, Japan, China and Brazil have already held high-level talks including finance ministers and central bank heads to hash out the ...
    10/5/2015 - 7:02 pm | View Link
  • Gold tumbles after Swiss referendum, oil hits five-year low
    Many traders expect the ECB may signal further action later this week to ward off deflation. The dollar also hit a seven-year high of 119.03 yen and the dollar index, which measures the greenback against a basket of major currencies, rose to 88.451 ...
    11/30/2014 - 5:41 pm | View Link
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  • U.S. News | National News
    Plans for the Hyperloop, a high-speed transit system linking Los Angeles and San Francisco, have been released. Would you use such a system to get from one town to ...
    06/25/2016 - 5:28 am | View Website
  • Financial Times
    The latest India and international business, finance, economic and political news, comment and analysis from the Financial Times on FT.com
    06/25/2016 - 4:46 am | View Website
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    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
    06/25/2016 - 3:34 am | View Website
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    06/24/2016 - 3:24 pm | View Website
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