Economy, Oil Prices | featured news

Which Would You Rather Have - Low Gas Prices or Better Economy? Because You Can't Have Both

As expected, when the economy took a hit like yesterday when job growth was anemic and unemployment went up slightly, oil prices went down. It has nothing to do with supply and demand.

 

Oil prices tumble; will gas prices follow?

Oil prices plunged as bleak reports on U.S. job growth and manufacturing heightened worries about a slowing global economy. Benchmark oil fell $3.49 to $83.04 per barrel Friday.

Senh: Hey, at least gas prices are going down, but so is the economy. But good news is good news.

 

Lower oil prices ease load on consumers and Obama

Gas Prices

What only weeks ago was seen as a serious threat to the economic recovery could now turn into a stimulus everyone can love. Oil and gasoline prices are sinking, giving relief to businesses and consumers who a few weeks ago seemed about to face the highest fuel prices ever.

Senh: Oops, there goes another thing that Mitt Romney can't blame on Barack Obama. He'll probably take credit for it, though.

 

Global economy on recovery path, risks remain: IMF chief

IMF: Christine Lagarde

The global economy has stepped back from the brink of danger and signs of stabilization are emerging from the euro zone and the United States, but high debt levels in developed markets and rising oil prices are key risks ahead, the IMF said on Sunday.

 

GM CEO says economic outlook uncertain

The U.S. economy is on increasingly unsteady footing, hurt by stubbornly high unemployment and volatile oil prices, the head of General Motors Co told reporters on Tuesday.

 

Oil tumbles as economists warn on high prices

Oil prices tumbled 3 percent Thursday, as economists warned that the recent surge in fuel prices will eventually hurt the fragile economic recovery....

 

Fees, fares and the future of air travel

Fees, fares and the future of air travel

U.S. airlines collected $2.56 billion in baggage fees during the first nine months of the year. With industry experts expecting slower economic growth and rising oil prices in 2011, those ancillary fees aren't going anywhere.

 

Oil tumbles on economic worries

Oil prices fell 3.2% Monday, to below $70 a barrel, as further signs of weak fuel demand raised expectations that prices may have raced ahead of the nascent economic recovery.

 

Oil Prices Fall as Hope of Quick Recovery Wanes

Prices have dropped as traders and investors acknowledge that a global recovery will take longer than hoped.

 

Oil above $60 on economy hopes

Oil prices rise to their highest in six months, buoyed by hopes that the worst may be over for the world economy.

 

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