During the severe economic-recession and even economic-depression, the towering oil & gasoline prices fell by the final announcement under extreme pressure upon the regime of the US, oil reached at $122 per barrel. During the midday in Europe, light, sugary oil for September supply was dropped by 51 cents to$121.68 per barrel in electronic transaction Read more
It is seeing quite ominous that Asian economic growth going downwards and showing the signs of economic depression just due to high oil and gasoline prices as oil reached at $143 per barrel. The Chinese manufactures estimated that inflationary cycle could go prolong for a period of four years and so and it might white-wash Read more
Declining-economy One of the realistic aspects of the modern day economy is the mounting inflationary rate and economic recession which is leading the world into depression as millions of people in the World are severely protesting against the regime of the United States why the prices of oil and gasoline are increasing and causing an Read more
After rising oil prices and persisting worries about the financial sector, stocks slowed down on Monday. The reason behind rising price was the disappointment that Saudi Arabia was not increasing oil production more than 200,000 barrels a day. On the New York Mercantile Exchange, light, sweet crude oil settled at $ 136.74 per barrel with Read more
The analysts gave the prediction that oil prices might cruise of about $200 per barrel within next 18 months. This led towards a major worry to the people of the U.S. As the oil prices reached at $139.54 during the last two weeks in the United States, the agitation and angriness of the people could Read more
Last week, the oil prices reached above than $139 that led millions of the American towards anger, agitation and slogans against the regime of the U.S. In this regard, the president Bush announced that high oil price is the concerning issue but not tough to combat with high oil prices and inflation. The United States Read more
High oil and gasoline prices disturbed the economic system of the world as the prices of oil are increased by $138.54 on last weekend. Millions of people are suffering from alarming impacts of inflation now a days all around the world which led them into absolute depression. Meanwhile, the president of the United States said Read more
High oil prices disturbed the people of the United States to a great extent. Inflation is prevailing so much that people are suffering from various and different kinds of socio-economic problems, such as general rise in prices of commodities, poverty, unemployment, depression and agitation. Prices of the groceries increased i.e, wheat, rice, bread, meat, cheese, Read more
May be revealed by the investigation NEW YORK (CNNMoney.com)—some believe that rising oil prices are due to nothing but widespread speculation, on Thursday, the U.S. government declared about an extensive investigation regarding oil price manipulation. The government also announced that it would get further information for investors’ effect on the market. Commodity Futures Trading Commission Read more
Oil industry leaders to come up with better ideas to improve supplies Oil industry leaders must come up with new ideas to improve supplies as fuel prices are on increase. The government has announced new strategies to increase oil production in the North Sea. We must reap the full benefits of the UK’s oil reserves, Read more
Economists confirmed that there are several factors of high oil prices all around the world. In this regard they are of the view that one of the major factors of high oil prices is inflation all around the global markets. The economists have argued that inflation is the result of over all slumps in the Read more
Inflation It has become one of most concerning issues of world. It is becoming the reason of a high price level in the consumer market. So the demand and supply of the commodities are badly affected. Impact on consumer demands The prices of commodities such as wheat, sugar, salt, spices, bread, vegetables, fruits, meat etc Read more
A weaker dollar and a hazard about supply caused oil futures increased to all time high as around $121 a barrel on Tuesday. After the release of data on Monday that reported an unexpected enhancement in the U.S. service sector in April, the oil prices raised by the hopes that U.S. economy will revive after Read more