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
  • WPMI Local 15 News
    Militants attacked Iraq's largest oil refinery Wednesday. Just last week they captured territory in northern Iraq, including the second largest city Mosul and promised to take their flight to Baghdad. A video Wednesday shows what seemed to be militants ...
    03/20/2014 - 1:00 pm | View Link
  • Oil drops below $89, but notches weekly win
    About $600 billion worth of tax increases and spending hikes are set to go into effect in January if Washington doesn’t reach a budget deal, and economists warn that event could ... See: Consumer sentiment tumbles in December. Other energy futures ...
    12/19/2012 - 11:00 am | View Link
  • Oil Plunges and Gold Rallies as Confidence in the Future Deteriorates
    This will draw attention to tomorrow’s (mandatory) DoE report which economists predict will report a 1.2 million ... The metal would mark its highest intraday high since June 21st and close since May 17th. Volume would further increase on the December ...
    08/31/2010 - 9:01 am | View Link
  • Australian Dollar Soars as RBA Raises Interest Rates, USD Drops on Oil (Euro Open)
    Economists were calling for a –A$0.9 billion outcome ahead ... Unnamed sources quoted in the article alleged that Russia, Japan, China and Brazil have already held high-level talks including finance ministers and central bank heads to hash out the ...
    10/5/2009 - 7:02 pm | View Link
  • Kaboom: Peak copper, superspike prices, oil and US debt
    IMF in warning on high energy prices High energy prices are "exacerbating" global economic imbalances, increasing the risks of a crisis, the International Monetary Fund will warn next week. The IMF will say in its World Economic Outlook report that "global ...
    04/7/2006 - 3:46 am | View Link
  • More
  • Latest News Headlines
    Find all the latest news headlines in the stock market today features general financial news, forex news, options news, and more.
    07/23/2014 - 6:36 am | View Website
  • US Top News and Analysis
    Despite the shadow of geopolitics, major earnings reports and key reports on inflation and home sales could produce a back to business Tuesday.
    07/23/2014 - 1:43 am | View Website
  • Surviving Peak Oil: Planning, Preparation, and Relocation
    Dr. Robert L. Hirsch is the lead author of a seminal report, "Peaking of World Oil Production: Impacts, Mitigation & Risk Management," written for the U.S. Department ...
    07/22/2014 - 10:44 pm | View Website
  • Business News, Personal Finance and Money News
    Find the latest business news on Wall Street, jobs and the economy, the housing market, personal finance and money investments and much more on ABC News
    07/22/2014 - 3:56 pm | View Website
  • 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.
    07/22/2014 - 1:18 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