THE ECONOMICS OF OIL

Does the rise in oil prices threaten a nascent recovery? Prices are up more than 60% this year, to $72 a barrel, and hit a seven-week high on Aug. 3. The rule of thumb, says Deutsche Bank chief energy economist Adam Sieminski, is that every sustained $10 increase in oil reduces annual gross domestic product by ...

Energy prices are starting to soar again. Oil prices, for starters, have broken free of the fundamentals that usually rule the market, rising despite a glut in surplus crude oil. Benchmark crude climbed to its highest level in eight months Thursday, touching $73.23 a ...

Asset prices plunge and a panic sweeps through international markets. The crisis threatens the livelihood and savings of millions of Americans. Congress enacts sweeping government intervention, putting aside faith in free markets to heal themselves. Sound familiar? So went the farm crisis of 1919. Global volatility ...

The chief City regulator was last night understood to be stepping up efforts to find a buyer for Bradford & Bingley after the turmoil in the credit markets forced the mortgage lender to cut more staff and sell its "toxic" assets or write them down to zero. Several leading banks were rumoured to be under pressure to buy B&amp ...