Rise and Fall of Oil Prices Result in a Mixed Forecast
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Is the recent fall in oil prices a turning point or merely a lull before demand picks up in the winter months?
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&quot;The sharp rise in oil prices has contributed to the weakening of the expansion in recent months, and will likely continue to do so for several quarters,&quot; the IMF report said.
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Larger supplies, more energy alternatives, and a slowing economy could be factors.
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Oil and gasoline futures traded in narrow ranges on Friday, supported by concerns about tight supplies but pressured by a weak employment report.
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Oil prices fall by more than $1 a barrel on forecasts that US weather will become milder in March.
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Amid soaring crude oil prices, gasoline costs have been dropping. But don't expect that to last, economists say.
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The U.S. winter will be longer and  slightly colder than the last, private forecasters say,  spelling a spike in heating oil and natural gas demand even as  high oil prices drive up the cost of heating.
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TORONTO (CP) - Early indicators were mixed for North American stock markets Thursday as investors weighed the impact of rising oil prices and awaited major corporate earnings reports and employment data.
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Oil producing â-pec and non-Opec â -ntries are concerned about the recent heavy fall in the value of dollar, in which international crude oil sales are priced.
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NEW YORK - Stocks were mixed in early trading Wednesday as investors digested a jump in the second-quarter gross domestic product and kept a close eye on oil prices that still hovered near $50 per barrel.    Investors saw the Commerce Department report, which said the nation's GDP grew 3.3 percent from April to June, as a mix of good and bad news...
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The housing crisis and high oil prices may cause a slump, analysts warn.
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Oil prices have fallen as much as $16   from their peaks, their steepest reversal in 16 years, in a   correction that traders say may be harder to shake off than   past setbacks over the market's four-year rally.
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October 17, 2004 -- &quot;The impact of the current surge in oil prices, though noticeable, is likely to prove less consequential to economic growth and inflation than in the 1970s.
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LONDON  - Oil prices see-sawed, failing to sustain a brief rally on news of a surprise fall in US distillate stockpiles, including heating fuel, and an unexpectedly small increase in crude inventories.
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NEW YORK Another rise in oil prices is putting some pressure on stocks, which are mixed. The Dow Jones industrial average is down 12 points at ten-thousand-165.
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Crude prices rose for the first time in four days. Traders feel that the gains in US crude oil inventories and forecasts of rising temperatures do not justify the previous session&#39;s 6.5% fall.
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LONDON - Oil prices have fallen after forecasts of mild US weather prompted traders to take profits from a rally that has added over 30 per cent to the cost of crude this year.