High oil prices weigh on UK economy
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LONDON High oil prices slowed the British economy in the third quarter, a government report showed Friday, lessening the need for policy makers to tap the brakes on an economy that has consistently outpaced its Continental neighbors.
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Oil prices today hit a new high amid fears over low fuel stocks as winter approaches and renewed concern about the security of supplies.
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LONDON: A leading business group cut its 2005 forecast for British economic growth yesterday, blaming a combination of high oil and commodity prices, slowing global growth and domestic interest rate rises.
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Oil prices drop back from a new record above $100, but fears high energy prices could stoke inflation hit stocks.
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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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The fall in crude oil prices has begun to reach UK consumers, with supermarket Morrisons sparking a potential price war in the run up to Christmas.
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The Confederation of British Industry blames record oil prices and rising interest rates for what it expects to be a slowdown in consumer spending.
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Oil prices have fallen 3 per cent after setting record highs above $US55 a barrel, as dealers took profits on signs that energy costs are hitting economic growth.
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London Brent crude slid over a dollar to $57 on Tuesday but remained in a $57-$60 a barrel range that has defined the market for the past three weeks.
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Oil prices climb a dollar to tip beyond $70 a barrel in London as fears over supplies increase.
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The cost of a barrel of oil in London has dipped below $40 as energy prices have continued to slide. The price of Brent crude in London fell to a three-week low of $39.
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Oil prices hit record highs on  Thursday, fueling gains in some energy stocks, but fears that  high power costs will dent household incomes, raise firms'  expenses and hurt global growth weighed on Asian share markets.
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Oil prices above $50 a barrel - and rising - are now starting to adversely affect the economy and consumers in ways that had not been happening only a few months ago.
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Oil prices slipped Friday after a shockingly weak US employment report fanned worries about recession and demand in the world's biggest energy consumer.
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In shift of tone, White House says high energy prices are now dragging on US economy. CRAWFORD, Texas  - President Bush&#39;s economic advisers are warning that high energy prices have become a drag on
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A leading business group cut its 2005 forecast for British economic growth Thursday, blaming a combination of high oil and commodity prices, slowing global growth and domestic interest rate rises.
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Oil prices edged higher on Wednesday, pushed upwards by technical buying, but struggling to break above the narrow range that has persisted this month.