Quantcast
Home » Topics » price (Page 3)

Analyst warns oil prices could double in wake of Arab unrest

The price of a barrel of crude could double if the unrest in the Arab world deteriorates, oil trader turned British international development minister Alan Duncan warned Saturday. Duncan, who has 30 years’ business experience in the Gulf, told The Times newspaper that the price of a barrel of crude…

New York oil price hits new 2008 peak on Libya unrest

LONDON — New York oil briefly surged past $104 on Friday to strike the highest level for two and a half years, as traders reacted to worsening violence in Libya. New York’s light sweet crude for April delivery surged as high as $104.09 per barrel — which was last seen…

World food prices hit record highs amid oil jitters

ROME – World food prices have hit record highs and oil price spikes could push them even higher, the UN food agency warned on Thursday, as increasing violence in Libya sent jitters through commodity markets. The Food Price Index, which monitors average monthly price changes for a variety of key…

World can handle choked oil supplies: Geithner

WASHINGTON – The world can pump enough extra oil and has enough stashed in reserve to limit price shocks from sustained turmoil in the Middle East, Treasury Secretary Timothy Geithner said Thursday. “There is considerable spare oil production capacity globally, and we and other major economies possess substantial strategic reserves…

Gold hits record $1,432.57 an ounce

WASHINGTON – Gold struck a new record at $1,432.57 an ounce Tuesday as worries spread that the surging price of oil could fuel inflation and dampen economic growth. The price on the London Bullion Market jumped more than $13 an ounce from Monday to top last December’s record of $1,431.25,…

Bernanke warns on oil price ‘threat’

WASHINGTON — Federal Reserve chairman Ben Bernanke on Tuesday warned a “sustained” rise in oil prices could threaten US growth and spark dangerous price rises, as he eyed turmoil in Libya. Bernanke told Congress he believed unrest in the oil-rich Middle East would result in “temporary” and “modest” increase in…

US price increases hit consumers

WASHINGTON – US energy and grocery prices are on the rise, hitting already struggling consumers and posing a tricky dilemma for US policy makers. Confirming what most US shoppers already suspected, the Labor Department on Thursday reported prices for everything from vegetables to unleaded fuel rose again in January. The…

Food prices push 44 million into poverty: World Bank

WASHINGTON – Rising food prices have pushed about 44 million people into poverty in developing countries since last June, the World Bank warned Tuesday. Food costs are continuing to rise to near 2008 levels, when price spikes in food and oil had devastating impacts on the poor, the development lender…

Fed’s Bernanke tackles congressional critics

WASHINGTON – Federal Reserve Chairman Ben Bernanke fended off criticism that he is ignoring the risk of rising prices Wednesday, as he faced a skeptical Republican-controlled panel in Congress. “We remain unwaveringly committed to price stability,” Bernanke told the House of Representatives budget committee, rejecting claims that rising prices for…

Oil price shoots above $103 on Egypt crisis

LONDON – Brent crude rallied to a 28-month high above $103 on Thursday as the political crisis in Egypt erupted into violence, sparking fresh concern over energy supplies in the crude-rich Middle East. “The continued unrest in Egypt has prompted Brent oil prices to climb overnight to $103 a barrel,…

Page 3 of 512345
Google+