Consumer relief as oil prices fall
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Heating bills will still be higher this winter, but costs appear to have peaked last month. By Ron Scherer | Staff writer of The Christian Science Monitor.
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Oil prices took time out on Friday  from this week's succession of record highs but anxiety over  outages in the U.S. Gulf, Nigeria and Norway in the run-up to  winter left little hope of relief for consumers.
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Moderate news on the inflation front and a Labor Department report showing that consumer prices actually fell in July gave comfort to investors who are worried about potential price hikes.
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Oil prices rebounded slightly Thursday as traders took advantage of a drop in prices the day before sparked by a surge in U.S. distillate supplies.
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Oil cut some of its losses to trade around $88 a barrel on Tuesday after the U.S. Federal Reserve took emergency action to help prevent the world's biggest fuel consumer from tipping into recession.
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Stocks rallied on Tuesday as a drop in   crude oil prices fueled optimism that receding energy costs   will bolster consumer spending, boost corporate profits and   ease inflation pressures.
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Consumers were feeling confident in January: the job market was chugging along and oil prices were down. But their optimism may dwindle on concerns that job and wage growth may slow.
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LONDON : Oil prices fell back as worries about the impact of tropical storm Frances subsided. The price of benchmark Brent North Sea crude oil for delivery in October lost 11 cents to 40.
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WASHINGTON -- Consumer inflation was a no-show in November as Americans enjoyed a third straight month of price relief led by big declines in energy costs.
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The dollar garnered support from a slide in crude oil prices.
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Oil prices plunged to $50.13 yesterday, capping a 10 percent fall from record highs set last week and easing worries about high energy prices in financial markets.
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Oil prices bounced back on Friday, ending this week&#39;s 8 per cent slide on renewed winter supply fears and jitters ahead of next week&#39;s US presidential election.
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The slide in crude oil prices takes a barrel in London down to little more than $40, as traders realise profits after the recent surge.
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US consumers fed a pick-up in US economic growth in the third quarter but a sentiment survey for this month showed oil prices were dampening their spirits
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Oil prices bounced back on Friday, ending this week&#39;s 8 percent slide on renewed winter supply fears and jitters ahead of next week&#39;s US presidential election.
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US consumer prices eased down by 0.1 per cent in July as gasoline prices dropped, while factory output rose and home construction rebounded, offering hope the economy has escaped its early-summer &quot;soft patch.&quot; ...
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World oil prices fell again Tuesday but the threatening figure of Abu Musab al-Zarqawi, the internationally wanted terrorist, put a brake on the good news for consumers.