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NEW YORK (AP) — The price of oil dropped to a six-month low Tuesday on concern that economic uncertainty in Europe could hurt demand for crude.
Benchmark West Texas Intermediate crude fell 80 cents to end the day at $93.98 per barrel in New York. Oil hasn’t finished this low since Dec. 19.
NEW YORK (AP) — The price of oil dropped below $100 per barrel for the first time since February. The dramatic drop — $5 per barrel by midday — is easing fears that high energy prices would cripple a U.S. economy that is struggling to overcome high unemployment, stagnant wages and weak growth. The catalyst [...]
President is now trying to turn the tables on those who accuse him of supporting higher gas prices by going after commodities speculators, whom he blames for distorting markets, with tougher regulation.
Last year was a rollercoaster ride for the stock market. In 2011, the Dow Jones Industrial Average raced to a high of 12,810 in April before skidding to 10,404 in October. Then, in the final three months of the year, the Dow surged more than Rick Santorum on the campaign trail – adding a record 1,304 points, or almost [...]
Despite all the problems facing the global economy, the average U.S. stock has doubled from its 2009 lows. So this seems like the time to ask whether share prices have run up too far, too fast.
Fears over conflict in the Middle East are pushing gasoline towards the $4 per gallon mark. What will that mean for the presidential elections?
That’s the $64,000 question, particularly for the U.S. presidential elections – if things keep improving, it’s only good news for Obama. The economy has been on a roll this year, with unemployment down, consumer and business confidence up, inflation falling, and monetary policy still loose.
The greatest threat to any long-term investor is inflation. It not only erodes the value of stocks and bonds, but also depresses economic growth and misleads policymakers.
China’s going to import a lot more oil from Iran and the Arab world over the next two decades. America will import far less. Those two facts will profoundly change the geopolitics of the Middle East.
President Obama’s decision last week to kill the Keystone XL Pipeline that would carry oil from Canada to the U.S. was cheered by some environmental activists, while many mainstream commentators reacted with dismay. A Washington Post columnist described it as “an act of national insanity.” But whichever side is right, one beneficiary is clear: Railroads.
