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Tag Archives: Oil Prices

AP Interview: Davos chief says Europe, oil among worries

President and Founder of the World Economic Forum Klaus Schwab gestures as he speaks during an interview with The Associated Press in Davos, Switzerland, Monday Jan. 18, 2016. The world's political and business elite are being urged to do more than pay lip service to growing inequalities around the world as they head off for this week's World Economic Forum in the Swiss ski resort of Davos this week. (AP Photo/Michel Euler)

DAVOS, Switzerland — As leaders from the world of politics and business arrive Tuesday in droves for the start of the World Economic Forum in the Swiss ski resort of Davos, the event’s founder is in somber mood. Klaus Schwab, the 77-year-old chief of the world’s most recognized annual economic meeting, said he’s worried about Europe’s future, the fallout from ...

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Ohio gas price falls to about $1.66 a gallon

COLUMBUS, Ohio — Ohio drivers are seeing an average price at the gas pump of about $1.66 for a gallon of regular fuel. The state average reported in Tuesday’s survey from auto club AAA, the Oil Price Information Service and WEX Inc. was about 16 cents lower than the average price drivers were paying a week ago and about 33 ...

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CSX predicts challenging year for railroad in 2016

OMAHA, Neb. — CSX Corp. expects lower profits in 2016 as weak demand for coal and crude oil persists and the strong U.S. dollar continues to limit exports. The railroad discussed its outlook for lower freight volume and a difficult year on Wednesday — one day after releasing its fourth-quarter results. Chairman and CEO Michael Ward said the railroad will ...

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Global stock markets slide, oil falls below $30 a barrel

Global stock markets slide, oil falls below $30 a barrel

U.S. stocks tumbled in morning trading Friday as the price of crude oil dropped below $30 a barrel, pulling energy company shares sharply lower. Discouraging data on retail sales and manufacturing also weighed on the market. The market slide was broad, with financial and technology stocks among the biggest decliners. KEEPING SCORE: The Dow Jones industrial average slid 401 points, ...

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