Rosy forecasts slipping as oil prices rise
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WASHINGTON -- High oil prices, a factor in virtually all US recessions over the past three decades, are surging again this year. And the higher crude oil prices climb, the more risk energy costs pose to what, until recently, many expected to be a banner year for the US economy.
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Eurozone figures due out this week will confirm that confidence is slumping due to high oil prices and the rise of the euro, and that inflation is easing, economists said.
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Oil prices slipped on Thursday,  holding most of the previous day's gains after car bombs in  Riyadh rekindled fears over Middle East supply security, one  factor behind a rally that pushed the average U.S. crude price  34 percent higher this year.
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NEW YORK Crude oil prices are falling sharply as traders anticipate warmer weather in the US later in the week. Also pulling futures prices down are the weekend snowstorms in the Midwest that kept motorists off the road and planes grounded.
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Global oil prices slipped on Thursday as perceptions of a supply overhang outweighed concerns that a hurricane in the Caribbean could hit U.S. offshore oil and gas production in the Gulf of Mexico.
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Oil prices drifted around &#36;47 a barrel early on Wednesday, well off recent peaks as traders braced for another increase in U.S. crude oil inventories.
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Oil prices edged upward Wednesday in anticipation of a report showing declines in U.S. crude and gasoline supplies.
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U.S. stock futures slipped on Friday as resurgent oil prices held above $61 a barrel, raising fresh doubts about prospects for any cut in benchmark U.S. interest rates.
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The recent fall in crude prices won&#39;t affect policy, say group officials. But the second quarter may be a different story. The early December plunge in oil prices has been dizzying.
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Oil prices fell yesterday after an early rally in jittery trading due to hurricane speculation and light volume.
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Oil prices slipped on Tuesday but  remained well above $48 a barrel as dealers weighed up whether  a thin cushion of heating fuel in the United States would be  sufficient to meet winter demand.
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Oil prices drifted below $47 a barrel  early on Wednesday, well off recent peaks as traders braced for  another increase in U.S. crude oil inventories.
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Heads up: From the summer doldrums to the September doldrums. Don&#39;t get your hopes up that the stock market will spike up until oil prices come back down and the presidential election is decided, the Stock Trader&#39;s Almanac advises.
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Crude oil prices have resumed their upward trend amid continuing worries about supplies for the northern hemisphere&#39;s approaching winter.
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Stocks looked to open lower on Monday  as oil prices rose to their highest in nearly a month,  increasing concern about the impact on corporate profits.
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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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Oil prices slipped on Thursday, holding most of the previous day&#39;s gains after car bombs in Riyadh rekindled fears over Middle East supply security, one factor behind a rally that pushed the average US crude price 34 percent higher