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:
  • Company sues feds over funds for decade-old Gulf oil leak
    Taylor Energy claims nothing can be done to completely eliminate chronic sheens at the site off Louisiana's coast. Regulators warn the leak could last a century or more if left unchecked. Taylor Energy has lobbied to recover at least a portion of the ...
    01/7/2016 - 4:55 am | View Link
  • Oil: What Would J.D. Rockefeller Have Done?
    After regaining control of the market, they would be able to raise prices again, and earn what economists call "monopoly rents ... and a collapsed cartel may look eerily similar from a high level of abstraction, but they are as different as a surgeon ...
    12/8/2015 - 1:04 am | View Link
  • OPEC sees lower 2015 demand for its oil, Saudi output still high
    But its lack of response so far has triggered a number of theories: Riyadh may be hoping to curtail U.S. oil production, which needs high prices to keep booming ... The report by economists at OPEC's Vienna headquarters said Saudi Arabia had told OPEC ...
    11/12/2014 - 1:53 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
  • 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 ...
    12/21/2012 - 7:43 am | View Link
  • Oil tumbles as economists warn on high prices
    Flood Warning issued December 31 at 10:36AM CST expiring January 3 at 6:00PM CST in effect for: Cooper, Saline Flood Warning issued December 31 at 8:56AM CST expiring January 3 at 7:53AM CST in effect for: Bates, Vernon Flood Warning issued December 26 at ...
    03/9/2011 - 11:00 am | View Link
  • Oil prices tumble as analysts warn of high prices
    And the U.S. Labor Department reported that the number of people seeking unemployment benefits rose last week. http://www.dailyfinance.com/article/oil-tumbles-as-economists-warn-on-high-prices/681986/?cid=10
    03/9/2011 - 11:00 am | View Link
  • More
BING SEARCH:
  • Times Online
    The Times online log in page. Enter your username and password to login.
    02/6/2016 - 12:26 am | View Website
  • U.S. News | National News
    ABC News reports on United States politics, crime, education, legal stories, celebrities, weather, the economy and more
    02/5/2016 - 10:53 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
    02/5/2016 - 7:04 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
    02/5/2016 - 3:44 pm | View Website
  • Bloomberg
    The daily online Bloomberg report gives you the latest headlines from around the world, current market data annd personal finance advice, politics and top videos.
    02/5/2016 - 1:21 pm | View Website
  • Today's Stock Market News and Analysis
    Plastics Industry Latest Victim Of Low Oil Prices The energy sector isn't the only one hard hit by oil
    02/5/2016 - 7:01 am | View Website
  • Bakken New Wells Producing Less Confirmed
    Peak Oil, Bakken, Bakken new well production falling. Light Tight Oil, LTO, North Dakota, NDIC
    02/4/2016 - 8:03 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