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
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 ...
    07/24/2016 - 1:01 am | View Link
  • Global stocks slide on China, oil; North Korea test adds to worries
    Traders and economists feared the move from China to further depreciate ... Nikkei futures were down 2 percent. CRUDE TUMBLES, DOLLAR SLIPS The U.S. Treasury benchmark yield hit its lowest in more than three weeks on safe-haven demand and signs that ...
    01/6/2016 - 8:58 am | View Link
  • Dollar Gains as Oil Drops More Than $4, Slightly Better Fundamental Outlook
    British Pound Tumbles 200 Points to 1.80 as UK’s Darling Sounds the Recession Alarm The British pound started out on a weak note at the start of trading on Sunday, as the currency plunged 200 points versus the greenback following the release of comments ...
    09/1/2015 - 7:18 am | View Link
  • Oil prices slip on dollar rally, ample supply
    The dollar rose to almost a one-week high against a basket of currencies, recovering from a four-month low and making oil and other commodities more expensive for consumers in non-dollar economies. Crude rallied on Monday on worries Middle Eastern oil ...
    05/19/2015 - 7:59 am | View Link
  • Oil countries wasted chance to build strong economies, expert says
    They are welfare states, dependent on high-cost oil without any other real manufacturing ... Meanwhile, oil accounts for 95% of Venezuela’s exports. Harvard economists claim its per capita gross domestic product is 2% lower than it was in the 1970s ...
    11/28/2014 - 7:08 am | View Link
  • More
BING SEARCH:
  • 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 default ...
    07/25/2016 - 7:26 pm | 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
    07/25/2016 - 2:26 pm | View Website
  • FTSE 100 tumbles after Saudi rules out oil output cuts and ...
    FTSE 100 tumbles after Saudi rules out oil output cuts and pound falls below $1.40 as Brexit fears bite
    07/24/2016 - 8:00 am | View Website
  • Times Online
    The Times online log in page. Enter your username and password to login.
    07/22/2016 - 10:36 pm | View Website
  • 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 ...
    07/22/2016 - 8:17 am | 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