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Airlines hike fares, surcharges for costly fuel

ATLANTA (Reuters) – U.S. airlines are raising fares and rolling out surcharges as runaway fuel prices threaten to eat into profits. Fuel surcharges are being added on international routes. JetBlue Airways Corp said on

Oil shoots higher on Libya turmoil

NEW YORK – Crude oil prices surged again Monday as traders fretted about escalating clashes in Libya between forces loyal to leader Moamer Kadhafi and rebels seeking to end his four-decade rule. New York’s

Oil climbs despite Saudi output pledge

LONDON — World oil prices advanced on Tuesday despite OPEC kingpin Saudi Arabia’s pledge to ensure sufficient supplies to cover Libya’s production shortfall. Brent North Sea crude for delivery in April rose 67 cents

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