Oil reached a historic high near $104 a barrel Monday, surpassing the inflation-adjusted level of the 1980s, as a weakening dollar made crude futures attractive to investors.
Oil hits record - near $104
Oil reached a historic high near $104 a barrel Monday, surpassing the inflation-adjusted level of the 1980s, as a weakening dollar made crude futures...
Oil breaks all-time record
Oil prices hit a new record high Monday of nearly $104 a barrel, breaking what many analysts considered the previous all time high set in the early...
Bank keeps UK interest rate at 5%
The Bank of England holds interest rates at 5% for a fifth month as it balances a weak economy and high inflation.
Issue #1: Are you better off?
The statistics are grim: Inflation is at a 17-year high. Unemployment is rising. Foreclosures are spreading.
Forget stagflation, think stagnation
Two key reports in the past week show that inflation was running high in July. But August is offering relief.
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