Will Oil Light a Fire Under Inflation?
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Is the Federal Reserve less sanguine about the effect the oil-price spike will have on the economy? Given the run-up in crude prices -- and rising fears that growth could be slowed measurably -- the markets
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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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MARQUETTE, MICH  - Both the Federal Reserve and  financial markets may have underestimated the long-term effects  of higher oil prices, a top central bank official said on  Friday.
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Volatility could be the name of the  game on Wall Street next week as rising crude oil prices revive  inflation fears and stock investors await congressional  testimony from the Federal Reserve's chairman.
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People who heat their homes with oil, electricity or propane Â almost half the country Â are likely to see prices rise.
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Oil prices push above $70 a barrel amid fears over US-Iran tensions and low US fuel stockpiles.
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THE sharemarket should take heart from US Federal Reserve chairman Alan Greenspan&#39;s comment that sky-high oil prices won&#39;t harm the US economy - as long as they don&#39;t go any higher.
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New market set as demand in China, India intensifies supply worries, Iraq lends price support. NEW YORK (CNN/Money) - Oil prices blazed past $47.50 a barrel and set fresh highs early Thursday as demand growth in China and India exacerbated supply shortage ...
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Prices came in surprisingly weak, despite surging oil costs. And since crude is likely to recede, the CPI should now stay flat. You wouldn&#39;t know that crude-oil prices spiked to their highest levels in two
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Oil prices approach record highs as the weak dollar and more worries about supply inflate prices.
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WASHINGTON - Oil prices are likely to fall at least another $10 a barrel by next year, a top Energy Department official said yesterday, but he warned gasoline and heating oil prices will continue to rise in coming weeks.
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Light crude turns higher after report shows a fresh fall in US heating oil and diesel fuel stocks. NEW YORK (CNN/Money) - Oil prices surged back above $54 a barrel on Wednesday as a fresh fall in US heating oil stocks stoked worries over winter supplies.
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Is real estate a good hedge against inflation?
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SEPTEMBER oil prices rose yesterday on US economic data showing that inflationary pressure was held in check in July. However, continued disruption in Iraqi supplies and strong world fuel demand and ongoing trouble at Russian oil giant Yukos underpinned ...
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High oil prices will probably brake U.S. growth but will not derail the economy provided they do not rise sharply from current levels, top Federal Reserve policymakers said on Tuesday.
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Rising petrol prices were the main driving force behind a rise in UK inflation, official figures show. The Office for National Statistics (ONS) said increasing fuel costs had seen the consumer price index (CPI) rise 0.1% to 1.2% in October.
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Business & money: Opec under fire as US crude nears $100 a barrel.