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Why many experts missed this: Cheap oil can hurt US economy

WASHINGTON- If there was one thing most economists agreed on at the start of the year, it was this: Plunging oil prices would boost the U.S. economy. At $2.74 a gallon, the average price of gas nationwide is nearly $1 lower than it was a year ago. Consider what Federal Reserve Chair Janet Yellen said in December: Lower gas prices, Yellen declared, are "certainly good for...
Source: The Associated Press | By: By CHRISTOPHER S. RUGABER, AP Economics Writer
Why many experts missed this: Cheap oil can hurt US economy

WASHINGTON- If there was one thing most economists agreed on at the start of the year, it was this: Plunging oil prices would boost the U.S. economy. At $2.71 a gallon, the average price of gas nationwide is nearly $1 lower than it was a year ago. Consider what Federal Reserve Chair Janet Yellen said in December: Lower gas prices, Yellen declared, are "certainly good for...
Source: The Associated Press | By: By CHRISTOPHER S. RUGABER, AP Economics Writer
Stocks close mildly lower as yields pause rally; AOL jumps 18.5%

U.S. stocks closed mildly lower, recovering from sharp morning losses as investors found some relief from a slight recovery in the bond market.
Source: CNBC.com | By: Evelyn Cheng
Stocks mildly lower as yields reverse gains; Dow transports fall 1% on oil

U.S. stocks traded mildly lower, paring losses on Tuesday as investors found some relief from a slight recovery in the bond market.
Source: CNBC.com | By: Evelyn Cheng
Wall Street seen sharply lower as bond falloff weighs

U.S. stock index futures pointed to a sharply lower Wall Street open on Tuesday, as global stocks declined on the back of a sharp fall in bond prices.
Source: CNBC.com | By: Katy Barnato
UPDATE 1-Encana posts surprise operating profit as costs fall

May 12- Encana Corp, Canada's largest natural gas producer, posted a surprise quarterly operating profit as investments in technology to lower well costs and increase production begin paying off. Encana has been diversifying into oil production and has invested heavily in technology and drilling techniques, such as applying simultaneous drilling and...
Source: Reuters
Encana reports 1Q loss

Calgary, Alberta _ Encana Corp. on Tuesday reported a loss of $1.63 billion in its first quarter. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of 7 cents per share. Encana shares have risen 4 percent since the beginning of the year.
Source: The Associated Press
Canada's Encana posts 98 pct drop in operating profit

The Calgary- based company's operating profit, which excludes most one-time items, fell to $9 million, or 1 cent per share, in the first quarter ended March 31, from $515 million, or 70 cents per share, a year earlier.
Source: Reuters
Stocks close lower as renewed bond selloff puts Street on edge

U.S. stocks closed lower, giving back some of Friday's rally, as investors eyed gains in bond yields and awaited the week's data releases.
Source: CNBC.com | By: Evelyn Cheng
New fears in the Canadian oil patch

The new government of Alberta is worrying the oil industry with a plan to bring changes to the industry, especially with a royalty review.
Source: CNBC.com | By: Nana Sidibe