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Economy

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Mark Wilson/Getty Images
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Oil Falls On New Signs Of Slowing Global Economy

The price of oil is falling as Japan becomes the latest country to report slower economic growth.

Benchmark crude fell 62 cents Monday to $92.25 per barrel in New York.

Japan says its economy grew less than expected in the second quarter in part because of less demand for its exports in Europe

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Jessica Kourkounis/Getty Images
Jessica Kourkounis/Getty Images
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Oil Gains, U.S. Reports Big Drops In Supplies

The price of oil is higher after the government reported a bigger than expected drop in crude inventories.

Benchmark crude rose 50 cents to $94.17 per barrel Wednesday in New York. Brent crude gained $1

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Jessica Kourkounis/Getty Images
Jessica Kourkounis/Getty Images
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Oil Price Climbs Above $90 On Stronger U.S. Demand

NEW YORK (AP) — The price of oil climbed above $90 per barrel for the first time since May after the government said U.S. oil demand is on the rise.

The Energy Information Administration reported Wednesday that average oil demand increased last week in the U

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Chip Somodevilla/Getty Images
Chip Somodevilla/Getty Images
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Oil Price Falling After Bernanke Comments

NEW YORK (AP) — The price of oil is falling after Fed Chairman Ben Bernanke gave no clues about whether the central bank would take further steps to boost the economy.

Investors had hoped that Bernanke would discuss a new plan Tuesday before congressional panel

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Scott Olson/Getty Images
Scott Olson/Getty Images
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U.S. Drought Grows To Cover Widest Area Since 1956

MINNEAPOLIS (AP) — A new report shows the drought gripping the United States is the widest since 1956.

The monthly State of the Climate drought report released Monday by the National Climactic Data Center says 55 percent of the continental U

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John Moore/Getty Images
John Moore/Getty Images
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Survey: Small Business Optimism Sinks In June

NEW YORK (AP) — The economy and uncertain political climate are making small business owners less optimistic, and hesitant to expand.

The National Federation of Independent Business says its index of small business owners' sentiment fell 3 points in June to 91

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Christopher Furlong/Getty Images
Christopher Furlong/Getty Images
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Oil Price Climbs As Norwegian Strike Looms

NEW YORK (AP) — The price of oil is climbing as Norway's North Sea crude production prepares to shut down.

Norway's oil industry, which produces more than 3.8 million barrels of oil and natural gas per day, says platforms will switch off by 8 p

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Chip Somodevilla/Getty Images
Chip Somodevilla/Getty Images
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Obama: Economy Has To Grow ‘Even Faster’

POLAND, Ohio (AP) — President Barack Obama says private sector job growth is a "step in the right direction," but the economy must grow faster following a modest monthly job report.

Obama spoke on the second day of a bus tour through Ohio and Pennsylvania as the government reported that only 80,000 jobs were created in June

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Christopher Furlong/Getty Images
Christopher Furlong/Getty Images
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Oil Drops On More Signs Of Economic Trouble

NEW YORK (AP) — The price of oil is falling on more signs of trouble for the economy.

U.S. employers added just 80,000 jobs in June — a disappointing number that shows the economy is still struggling three years after the recession ended

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Chip Somodevilla/Getty Images
Chip Somodevilla/Getty Images
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Obama: Election Will Decide Nations Economic Fate

MAUMEE, Ohio (AP) — President Barack Obama has told an Ohio campaign crowd that he's betting they won't lose heart or interest in the November election despite political stalemates. He says the outcome will determine the nation's economic future for the next 10 to 20 years

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