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   
RELATED ARTICLES
  • 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
ASK NEWS:
  • 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
  • More
BING NEWS:
  • 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 ...
    05/24/2016 - 12:24 am | View Link
  • Oil Tumbles As Barclays Warns On Commodities
    Canada's economy risks getting caught in a bind where oil prices are not quite high enough, but the loonie is not quite low enough, economists warn.
    03/28/2016 - 1:00 pm | View Link
  • Oil and copper plunge to new depths as anxiety over China mounts
    Even optimistic economists warn that China’s efforts to wean itself off infrastructure projects and construction binges is likely to mean a significant slowdown in growth. “China poured more cement and concrete between 2011 and 2013 than the U.S. did ...
    01/11/2016 - 6:12 am | View Link
  • Global stocks off on China, North Korea worries; oil tumbles
    Traders and economists feared the move from China to further depreciate ... closed down 1.3 percent. CRUDE TUMBLES The U.S. dollar touched a near three-month low of 118.22 yen (JPY=) while the euro (EUR=) was little changed at $1.075.
    01/6/2016 - 7:41 am | View Link
  • Oil tumbles as huge supplies raise doubts about rally
    Crude stocks rose nearly 5 million barrels in the week ended Feb. 6, taking total U.S. inventories to a record high of nearly 418 million barrels. Official supply-demand data for last week, as well as updated inventory numbers, will be provided by the ...
    02/18/2015 - 9:30 am | View Link
  • More
BING SEARCH:
  • Financial Times
    The latest India and international business, finance, economic and political news, comment and analysis from the Financial Times on FT.com
    05/28/2016 - 10:58 pm | View Website
  • U.S. News | National News
    Sections; Top Stories; Video; Election; U.S. World; Entertainment; Health; Tech; Lifestyle; Money; Investigative; Sports; Good News; Weather; Photos; Shows. Shows ...
    05/28/2016 - 9:32 pm | View Website
  • Wires
    21 Mins Ago *Higher output at nearly $50 seen trumping supply outages. NEW YORK, May 27- Oil prices dipped for a second day in a row on Friday as some investors took ...
    05/28/2016 - 5:00 pm | View Website
  • Canadian Dollar Tumbles After Bank Of Japan Lowers Key ...
    Pedestrians in Tokyo. Canada's dollar has reacted negatively to a surprise announcement by Japan's central bank, which is moving to offset dangerously low inflation ...
    05/28/2016 - 12:50 pm | View Website
  • Today's Stock Market News and Analysis
    Please note that once you make your selection, it will apply to all future visits to NASDAQ.com. If, at any time, you are interested in reverting to our ...
    05/26/2016 - 2:39 pm | View Website
  • More

Comment On This Story

Welcome to Wopular!

Welcome to Wopular

Wopular is an online newspaper rack, giving you a summary view of the top headlines from the top news sites.

Senh Duong (Founder)
Wopular, MWB, RottenTomatoes

Subscribe to Wopular's RSS Fan Wopular on Facebook Follow Wopular on Twitter Follow Wopular on Google Plus

MoviesWithButter : Our Sister Site

More Business News