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   
BING NEWS:
  • Dropping oil prices slow to trickle down to store shelves for other products
    LOWELL -- As consumers pad their wallets with savings from plummeting gas prices, economists warn it may be months before the low ... lower the surcharges they assess when fuel prices are high. Other transportation costs, such as airline prices, could ...
    12/18/2014 - 4:39 am | View Link
  • Supermarkets shave another 2p off petrol as world oil price tumbles below $63
    Asda's petrol was as high as 126.7p a litre on September 28 this year so will ... ‘It would be unwise to say the market has marked the bottom.’ Economists also expect further falls at the pumps. Kevin Daly, a senior economist at Goldman Sachs, this ...
    12/10/2014 - 11:03 pm | View Link
  • OIL TUMBLES: Here's What You Need To Know
    better than the 3.5% initial reading and the 3.3% revised pace that was expected by Wall Street economists. 3. We also got housing data from the S&P/Case-Shiller home price index, which showed home prices rose 0.34% in September, the first month-on-month ...
    11/25/2014 - 4:00 pm | 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
  • Tax cuts? Ottawa must first consider falling oil prices, economists say
    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 - 2:53 am | View Link
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  • Dollar tumbles after surprisingly weak durable-goods ...
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