Producer Prices Drop, Trade Gap Narrows
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U.S. producer prices dropped  unexpectedly last month as the cost of gasoline plunged and  food and vehicles prices fell, according to a government report  on Friday that showed inflation pressures under wraps.
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Oil prices dip below $62 a barrel amid mixed signals over the possibility of further production cuts.
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DOHA - Opec producers are enjoying less of a windfall than US$50 ($70) oil prices suggest, as big discounts for their lower-quality crude and a weak dollar hit export earnings, Opec officials say.
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World cocoa prices were down on Tuesday but off the day&#39;s lows as exports remained on hold after mob violence and military clashes in Ivory Coast, the key global supplier, traders said.
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Canadaâs trade surplus narrowed in October, as exports to the United States fell to the lowest level in two years because of falling energy prices. The surplus narrowed to 3.8 billion Canadian dollars ($3.3 billion) from a revised 4.5 billion Canadian dollars in September, Statistics Canada said. Exports fell 1.7 percent, to 37.3 billion Canadian dollars. Imports increased for the first time since July, advancing 0.4 percent, to 33.5 billion Canadian dollars.
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Oil prices eased on Tuesday as fears of  supply disruptions receded following a convincing referendum  victory in Venezuela for President Hugo Chavez and after  Russia's YUKOS said it had received a government assurance on  September exports.
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Producer prices fell by a much larger-than-expected 1.4 percent in August as energy prices slumped, government data showed on Tuesday, in good news for the Federal Reserve as it weighs an interest rate cut.
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LONDON - Oil prices eased on Monday as top world exporter Saudi Arabia slashed prices for its westbound crude sales in an effort to shift the large volumes it is offering to cool world markets.
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The gap between how much the US exports and imports has narrowed to its lowest level in more than a year.
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The American trade deficit broke the $600 billion barrier in 2004, but the gap narrowed in December in part because sharply lower oil prices cut the cost of energy imports.
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The US trade gap narrowed to a four-month low in July helped by car and food sales, official data shows.
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World oil prices fell Monday on easing supply fears, as crude exports from Iraq&#39;s southern pipelines resumed close to normal levels, analysts said.
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Japanâs producer prices rose at the slowest pace in more than a year in January as oil costs fell, easing pressure on companies to pass expenses on to consumers.
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U.S. producer prices edged up just 0.1 percent in September, held back by a big energy-price drop, but the cost of non-energy items picked up steam, a government report showed on Friday.
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Producer prices fell by a much larger-than-expected 1.4 percent in August as energy prices slumped, government data showed on Tuesday, giving the Federal Reserve good news as it weighs an interest rate cut.
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Oil prices fell below &#36;73 a barrel on  Tuesday in thin trade, but nagging fears about supply  disruption and expectations of strong U.S. demand for gasoline  were expected to prevent a deeper sell-off.
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U.S. producer prices declined in June while industrial output bounced back, reports on Tuesday showed, setting a favorable tone for Federal Reserve Chairman Ben Bernanke's testimony on the economy on Wednesday.