Oil-price shock tops list of global economic risks amid supply, geopolitical worries

Article Abstract:

At the World Economic Forum meeting in Davos, Switzerland world leaders have been simulating world economic forecasts. One of the largest threats to the global economy is the high price of petroleum due in part to decreasing oil reserves. One of the negative reverberations could be a flat stock market.

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Oil and trouble: Corporates stir

Article Abstract:

Raging oil prices, at over $65 per barrel, are affecting the business sector and have been reflected in a slow corporate bond market in the United States this summer. Retail trade is hit hardest with increased distribution costs followed by manufacturing industries and airlines.

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Crude oil fuels commodities rally

Article Abstract:

Soaring energy prices, post-Hurricane Katrina, have also seen the commodities market jump. The United States economy is booming yet there is worry that inflation may take hold. The Dow Jones - AIG Index in the third quarter is up 16.6 percent or 25.37 points at 178.25.

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