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   
  • 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
  • US casino revenue up nearly 5 percent in 2012US casino revenue up nearly 5 percent in 2012
    Things are looking up for most of the nation’s commercial casinos, as gambling revenue increased by nearly 5 percent last year and jobs held roughly steady. According to the annual survey of casinos by the American Gaming Association, America’s nontribal casinos took in $37.3 billion from gamblers last year, an increase of 4.8 percent over 2011. More
  • Live Market Updates: Sensex, Nifty end at record closing high; oil stocks surge
    03:20 pm International markets: European shares rallied with a key index hitting a six-year high as a strong performance in US equities and upbeat updates from some blue-chip companies boosted appetite for riskier assets. The dollar and Asian shares rose ...
    05/13/2014 - 3:24 am | View Link
  • Oil tumbles $2 on eurozone woes
    The spread between US crude oil and Brent narrowed to less than $8 a barrel, touching a high of $7,88 a barrel during the early hours of trade. The differential has plummeted from a record $28 a barrel in October, after rarely moving above a few dollars in ...
    11/17/2011 - 3:47 am | View Link
  • Oil Tumbles As Economists Warn On High Prices
    NEW YORK (AP) â¿¿ Oil prices tumbled nearly 3 percent Thursday before recovering on reports that Saudi police opened fire at a rally in the eastern part of the country. Benchmark West Texas Intermediate for April delivery fell below $101 on weak ...
    10/2/2011 - 1:00 pm | View Link
  • High oil price a must
    Are oil prices high enough? We are used to complaints that oil prices ... The projections may seem unbearable to consumers, who are balking at today’s oil prices (economists say consumers tend to curb gasoline purchases when oil prices hit US$100 ...
    05/29/2011 - 1:00 pm | View Link
  • Oil Market Must Endure Risk Premium For 'At Least' Rest of the Year: ANZ
    Should oil prices remain stubbornly in the triple-digits, some economists warn that may derail the recovery and even ... "the growth rate is off a high base level and still on track," ANZ said. "Asia product demand will remain strong as Japan draws on ...
    04/6/2011 - 4:57 pm | View Link
  • More
  • How Did Economists Get It So Wrong?
    More Articles in Magazine » A version of this article appeared in print on September 6, 2009, on page MM36 of the New York edition.
    08/20/2014 - 9:05 pm | View Website
  • Business
    Sky News Australia has the latest business news from around the World. Featuring articles on stocks, overseas markets and more.
    08/20/2014 - 4:04 pm | View Website
  • TT-Total | Home
    TT-Total "Hot News Makers" These rating figures are calculated using a statistics algorithm that takes the number of articles about all TT-Total listed ...
    08/20/2014 - 2:10 pm | View Website
  • Latest News Headlines
    Find all the latest news headlines in the stock market today features general financial news, forex news, options news, and more.
    08/20/2014 - 8:19 am | View Website
  • US Top News and Analysis
    Obamacare has jacked up employee health coverage costs, firms surveyed by the Federal Reserve Bank of New York said.
    08/20/2014 - 4:51 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