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   
  • 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
  • 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
  • Oil prices dip, Saudis dampen hopes on output talks
    "Even if producers come to an agreement, the freeze is at a very high level." Lee added that he is "personally quite sceptical" about whether producers can come to an agreement in Algiers. "It's not just the matter of a production freeze or a cap ...
    08/25/2016 - 7:38 pm | 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
  • Stocks, Oil Plunge and It’s Not Even September Yet: “Feeling of Fear in the Marketplace”
    Right now it is big news that the stock market just took one of its biggest tumbles in recent history ... For a while now, numerous economists have been warning that the system is headed for a collapse, but that message has been tuned out of the mainstream ...
    08/20/2015 - 1:00 pm | View Link
  • More
  • Crude Oil Tumbles, US Dollar Rallies on Record-High ...
    Crude Oil Tumbles, US Dollar Rallies on Record-High Correlation. ... Australian & New Zealand Dollar Outside Days Warn of Reversals ... Economic Event. Importance ...
    09/27/2016 - 2:47 am | View Website
  • Oil Tumbles on More OPEC Skepticism
    Economic Forecasting Survey; Economy Video; ... Oil Tumbles on More OPEC Skepticism ... given current high output, ...
    09/23/2016 - 5:51 am | View Website
  • Oil slides on glut worry, on track for biggest weekly drop ...
    Oil prices fell more than 3 percent on Thursday, ... A Reuters poll of 34 analysts and economists forecast Brent would average $45.44 a barrel in 2016, ...
    08/31/2016 - 11:14 pm | View Website
  • www.questia.com
    We would like to show you a description here but the site won’t allow us.
    08/25/2016 - 4:41 pm | View Website
  • Oil Tumbles to Three-Month Low as U.S. Drilling Climbs ...
    Economic Calendar ; Tech. Silicon ... Oil Tumbles to Three-Month Low as U.S. Drilling Climbs Amid ... Oil also slipped as the dollar rose to an eight-week high, ...
    07/24/2016 - 6:44 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