Optimism about a recovery in the United States, the cold weather and a softer dollar helped push the price higher.
author By CLIFFORD KRAUSS, source www.nytimes.com
With a degree of flexibility in travel plans, you can now fly overseas in business class for a fraction of what it used to cost.
author By JOE SHARKEY, source www.nytimes.com
After a plunge lasting three years, houses have become cheap enough to lure buyers, raising hopes that the housing market has finally hit bottom.
author By DAVID STREITFELD, source www.nytimes.com
China is faced with increasingly severe fuel shortages for truckers and farmers and the prospect of blackouts during the summer air-conditioning season.
author By KEITH BRADSHER, source www.nytimes.com
Business travelers seem more forgiving of fare increases that might keep leisure travelers at home.
author By KATHRYN CARLSON and MICHELINE MAYNARD, source www.nytimes.com
Jet fuel costs are leading low-fare airlines to raise some fares and alter themselves to appeal to business travelers.
author By MICHELINE MAYNARD, source www.nytimes.com
Wall Street started the week with a mixed finish on Monday as investors weighed volatility in oil prices against new hope for the financial sector after Lehman Brothers posted results.
author By THE ASSOCIATED PRESS, source www.nytimes.com
Americans once scolded the Chinese on mismanaging their economy. But in recent weeks, the fingers have been wagging in the other direction.
author By EDWARD WONG, source www.nytimes.com
Inflation in Britain reached the highest level in more than 10 years in May, fanning fears that the country is moving closer to a recession.
author By JULIA WERDIGIER, source www.nytimes.com
The rate was the fastest in six months, but core inflation — excluding food and energy — grew only moderately.
author By THE ASSOCIATED PRESS, source www.nytimes.com
Recession fears and consumer guilt make high-end consignment shops chic destinations.
author By RUTH LA FERLA, source www.nytimes.com
The Federal Reserve’s regular “Beige Book” report sent a reminder that growth remains a hurdle for the central bank even as it steps up efforts to fight inflation.
author By MICHAEL M. GRYNBAUM, source www.nytimes.com
Global demand for oil is likely to be slightly lower than previously estimated as shrinking subsidies for fuel in Asia softens demand, the International Energy Agency forecast.
author By MATTHEW SALTMARSH, source www.nytimes.com
Larry Klayman, a lawyer and conservative gadfly, filed a federal lawsuit in Miami accusing the Organization of Petroleum Exporting Countries of price fixing.
author By DAMIEN CAVE, source www.nytimes.com
Pending sales unexpectedly increased in April to the highest reading since October, but they remain more than 13 percent below a year ago, an industry group said.
author By THE ASSOCIATED PRESS, source www.nytimes.com
In the latest show of distress over fuel prices, Spanish truckers began a blockade of their country’s border with France, lining up their rigs in a crawling strike.
author By DALE FUCHS and ALAN COWELL, source www.nytimes.com
Air traffic cuts, mainly at smaller airports, will not affect overall air delays as landing spots at busy airports will, for the most part, continue to be fully used.
author By MATTHEW L. WALD, source www.nytimes.com
The energy summit of producers and consumers would focus on “how to objectively deal” with high prices, the Saudi government said.
author By JAD MOUAWAD, source www.nytimes.com
As the world clamors for more corn, wheat, soybeans and rice, farmers are trying to meet the challenge. But evidence suggests harvests will be average at best.
author By DAVID STREITFELD and KEITH BRADSHER, source www.nytimes.com
The agreement reached with the New York attorney general will change the way credit rating agencies are paid by investment banks for reviewing mortgage-backed securities.
author By REUTERS, source www.nytimes.com