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   
  • US home sales rebound slightly in FebruaryUS home sales rebound slightly in February
    U.S. home sales picked up slightly in February but remain sluggish due to tight inventories, affordability problems and nasty winter weather. More
  • Dollar rises above 100 yen for 1st time in 4 years
    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
  • "Hillary Rally" Fizzles As DB Hits New Record Low; Volkswagen Slammed; Oil Slides On Iran Statement
    More specifically, Deutsche Bank's (shares -2.8%) 5 year subordinated CDS hit a fresh record high as markets remain concerned about ... up 1.8pts from the month prior. Our economists in Germany noted that while this data brings the manufacturing IFO ...
    09/26/2016 - 7:35 pm | View Link
  • Oil rises but gains limited by returning supply from Nigeria and Libya
    Oil prices ticked higher this afternoon, but the gains were limited by news of returning supply from strife-stricken Opec members Nigeria and Libya. The black stuff was energised yesterday after a better-than-expected set of data showed cumbersome US oil ...
    09/15/2016 - 1:34 am | View Link
  • Wall Street stocks retreat, oil tumbles on oversupply concerns
    "In the rest of the EU, the repercussions of the Brexit vote have been rather mild." Sterling rose to a three-week high as speculators further cut bets against the currency after data indicated the economy was holding up after the Brexit vote. The euro ...
    08/24/2016 - 10:38 am | View Link
  • FTSE 100 tumbles after Saudi rules out oil output cuts and pound falls below $1.40 as Brexit fears bite
    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 ...
    02/23/2016 - 7:53 pm | View Link
  • Gail Tverberg: Something Has Got To Break
    Actuary Gail Tverberg explains the tight correlation between the rates of GDP growth and growth in energy supply. For decades, energy has been becoming more costly to obtain, and instead of accepting lower GDP growth, we have been using debt to fund ...
    01/3/2016 - 11:00 am | View Link
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  • Times Online
    The Times online log in page. Enter your username and password to login.
    10/21/2016 - 9:45 pm | View Website
  • Bakken New Wells Producing Less Confirmed – Peak Oil ...
    It is has now been confirmed. The first measured 24 hour production from Bakken wells is a very good predictor of the future production of that well.
    10/21/2016 - 8:34 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
    10/21/2016 - 2:00 pm | View Website
  • Wires
    13 Mins Ago. LONDON, Oct 20- Oil prices fell on Thursday on profit-taking after markets rallied the previous day due to a draw in U.S. stocks and an expectation of an ...
    10/21/2016 - 1:31 pm | View Website
  • Money: Personal finance news, advice & information
    Latest news, expert advice and information on money. Pensions, property and more.
    10/21/2016 - 7:05 am | View Website
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