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Oil prices fell to a nearly 14-month low Thursday as bad U.S. economic news stoked fears that a significant global economic slowdown will undermine demand for crude.
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The median is down 33% from a year ago. Sales rise 65% amid bargain hunting; half of September's home sales are foreclosures. Don't count on that housing recovery any time soon.
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Oil prices continued to fall in Asian trade as global recession concerns overshadowed the good news of a strong rebound in international stock markets, analysts said.
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Gas around 90 cents a litre? Get ready for it.
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The average house lost nearly £4000 in value over the last month and is now worth no more than it was three years ago in a record annual fall.
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A prominent, Calgary-based economist projects oil prices will continue to slide for at least the next six months and may drop as low as $20 a barrel.
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The contract for oil for December delivery fell as low as $57.04 a barrel Wednesday in New York, the lowest level in 20 months, despite efforts by OPEC to stem the slide.
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US producer prices declined by a record 2.8 per cent in October after energy prices slumped, government data showed, but a key measure of core inflation at the farm and factory gate rose by more than forecast
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How bad mortgages, a rising dollar and a huge bet on crude set the stage for oil's price plunge
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After a 24% plunge in its third-quarter profit, the jumbo retailer promises to remain 'keenly focused' on offering low prices -- going toe to toe with rival Wal-Mart.
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The price of crude oil has taken a hard, fast fall in recent weeks, and prices at the pumps have begun to reflect that slide - a fact that could hurt the economy in the long run.
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OIL prices have slid as traders banked profits following sharp gains won a day earlier and fretted over a weak global economic picture likely to keep energy demand depressed.
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The price of gasoline in Nova Scotia is set to drop for the 12th straight week.
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Homeowners have begun drastically cutting their asking prices to bring about quicker sales, it has been reported, as figures show an average of £17,000 has been slashed off the asking price in the last two weeks alone.
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Oil prices fell to another 3-1/2 year low Wednesday, even after a government report showed a surprise decline in oil stockpiles last week.
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The price for gas and heating oil has dropped on P.E.I. for the fourth week in a row.
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Prices in the US fell by 1.7 per cent in November as the plunging value of oil and deep discounts from retailers drove down the cost of living, the department of labour said
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The Organization of the Petroleum Exporting Countries yesterday agreed to cut production by 2.2 million barrels a day, slightly more than expected, and called on oil producers outside the group to join in output cuts in a bid to halt the five-month slide in world oil prices.
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Oil prices continued their slide today as worries about the global economic slump trumped recent efforts by oil-producing nations to prop up prices with massive production cuts. Analysts said prices may even dip below $30 a barrel before reversing course.
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As the economic downturn picks up pace in 2009, house prices are forecast to fall further
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The U.S.-dollar denominated prices of Kyiv-based secondary housing December 29, 2007 through January 5, 2009, fell by 16.2% on average, while in 2007 their growth was 15.1%.
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The slide is the second in two days at the national park. About 1,000 people, including visiting schoolchildren, are evacuated. Some of Curry Village is later reopened. A major rock slide Wednesday at Yosemite National Park injured three visitors, destroyed more than half a dozen cabins and prompted park officials to evacuate popular Curry Village as a precaution.
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PETROL stations are set to be hit with a price ceiling on fuel as suppliers look to clamp down on rip-off charges.
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YOSEMITE NATIONAL PARK, Calif. (AP) -- Chunks of granite crashed to the Yosemite Valley floor in a cloud of dust Wednesday, injuring at least three people and destroying several cabins and trees at one of the park's most popular lodging areas, officials said....
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UK house prices registered a 1.3% fall in September, according to the Halifax, with the average home costing £172,108.
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Asda earlier this week announced that it is cutting the price of petrol at its 170 petrol stations across the UK.The supermarket giant dropped the price of a litre of unleaded by a penny to 105.9p and of diesel by
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House prices plunged at a new record rate during the year to the end of September - losing 13.2 per cent of their value, Britain's biggest mortgage lender said today.
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THE share market has opened weaker after Wall Street and European markets continued their slide overnight.
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Japan Energy Corp. will review its wholesale gasoline prices every week, starting Nov. 1, company officials said Wednesday. The unit of Nippon Mining Holdings Inc. will base its wholesale prices on weekly market moves instead of the current practice of
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The price of cloud computing just got a little less expensive.
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Gas prices in Nova Scotia are expected to drop this week, as they have in other Atlantic Canada provinces.
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Newfoundland and Labrador's gas regulator responded Thursday to slumping oil prices with a five-cent package of gas relief at the pumps.
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Stephen Harper's Conservatives may have stopped this week's bleeding of support on the campaign trail amid growing fears of a recession and global economic turmoil, a new poll suggests.
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Oil prices edged higher Thursday as commodity watchers waited to see whether various governmental rescue packages can pull the global economy out of its recession trajectory.
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Thursday, external trade data was released from Germany and UK. The German trade surplus declined in August, while the UK trade deficit narrowed slightly. Further, survey data showed that UK house prices fell the most since 1983.
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UK house prices showed the biggest decline since 1983, a report from the Halifax showed Thursday.
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Horses fetched less at the big auctions in Britain and Ireland over the past two weeks, as the financial crisis cut spending.
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House prices have dived by more than 13% during the past year, wiping nearly £26,500 off the value of the average home, Britain's biggest mortgage lender said today.
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US stocks fall for a seventh straight session as investors remain fearful the financial crisis will lead to a deep recession.
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An inquest hears how a chef's death may have been caused when he hit a pigeon in his speeding car.
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A British soldier tells an inquest a rescue helicopter's downdraft exploded a mine which killed a colleague in Afghanistan.
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Technology giant IBM injected some much-needed good news into the stock market Thursday when it made a surprise announcement that its third-quarter profit beat Wall Street estimates by 4 cents per share. The financial report, which came a week early, sent shares of Big Blue up nearly 2 percent.
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