Oil prices rise with new signs economy may be on the rebound

September 30th, 2009 Economy sends numerous signals of reboundWASHINGTON — Consumer spending, the bulwark of economic growth, is showing signs of life as the economy transitions from recession to recovery. The key question is whether the spending rebound can be sustained while U.S.

September 24th, 2009 Geithner says financial flaws must be correctedPITTSBURGH — Treasury Secretary Timothy Geithner says he is seeing encouraging signs of a global economic rebound but the world still has a way to go to emerge from the severe recession. Geithner says that the United States is not going to walk away from the greatest crisis since the Great Depression and not reform the flaws in the financial system that triggered the crisis.

September 24th, 2009 NEW DELHI - The government must immediately ban futures trading in all essential commodities to control the "relentless rise" in their prices, the Communist Party of India-Marxist (CPI-M) has demanded. "This UPA (United Progressive Alliance) government has completely failed in controlling this price rise," noted the CPI-M mouthpiece "People's Democracy".

September 18th, 2009 Stocks move higher, resuming recent rallyStocks advanced in morning trading Friday, resuming a recent rally that took the Dow Jones industrials to a new high for the year earlier this week. Overseas markets were also mostly higher.

September 16th, 2009 Consumer prices rise in Aug. on higher gas pricesWASHINGTON — Consumer prices rose slightly in August due to higher gas prices, another sign the weak economy is keeping inflation in check.

August 25th, 2009 Consumer sentiment improves; Home prices riseWASHINGTON — Consumer sentiment rose more than expected in August, and home prices in a closely watched index posted their first quarterly increase in three years, more signs that the economy is on the rebound. The New York-based Conference Board says its Consumer Confidence index rose to 54.1 from an upwardly revised 47.4 in July.

August 10th, 2009 China home prices rise 1 pct in July amid stimulusBEIJING —Housing prices in China rose for a second month in July, adding to signs Beijing's massive stimulus spending is helping to boost economic activity, according to data reported Monday. Prices in July were up 1 percent from a year earlier and 0.9 percent over June, when prices started to rise after six-month slide, according to the Cabinet's National Development and Reform Commission and the National Bureau of Statistics.

July 10th, 2009 China says housing prices rose in JuneBEIJING — Prices paid for homes in China rose in June for the first time in seven months, adding to signs the world's third-largest economy might be rebounding from its slump, according to data reported Friday. Housing prices in 70 large and medium-size cities rose 0.2 percent in June from a year earlier and by 0.8 percent compared with May, the Cabinet's National Development and Reform Commission reported.

July 2nd, 2009 BANGALORE - The residents of Bangalore have expressed widespread resentment over the fuel price hike announced Wednesday which, they feel, would result in increase in prices of other essential products and services. After the hike of petrol prices by Rs.4 per litre and diesel prices by Rs.2 per litre, Bangaloreans now have to shell out Rs.50.66 per litre for petrol and Rs.37.01 per litre for diesel.

June 29th, 2009 IEA sees oil demand up 0.6 pct a year through 2014PARIS — World oil demand is likely to grow by an average of 0.6 percent annually over the 2008-2014 period, the International Energy Agency forecast Monday, revising its mid-term expectations downward amid the global recession. The Paris-based IEA, which advises oil-consuming countries, said oil demand would reach 89 million barrels a day by 2014 under the International Monetary Fund's current forecast of a return to 5 percent annual economic growth by 2012.

June 16th, 2009 Housing starts rebound; inflation stays in checkWASHINGTON — Fresh signs that the economy is stabilizing — though at very low levels — emerged Tuesday in reports that home construction rose more than expected last month and wholesale prices remain in check. The building of new homes and apartments jumped 17.2 percent to a seasonally adjusted annual rate of 532,000 units from April's record low of 454,000 units, the Commerce Department said.

June 12th, 2009 NEW DELHI - The rise in India's industrial production in April points to stabilisation of the industrial sector, which will continue to grow in coming months, says the economic intelligence arm of global rating agency Moody's. The Index of Industrial Production (IIP) rose 1.4 percent in April as against a decline of 0.75 percent in March, data released here Friday by the government said.

June 5th, 2009 Oil prices spike above $70VIENNA — Oil prices are spiking above $70 per barrel for the first time since October. Prices jumped after a U.S.

May 8th, 2009 Gold prices inch higher as dollar weakensNEW YORK — Gold prices are slightly higher as the dollar shows more weakness and stocks tumble on Wall Street. Energy and agriculture futures are also slightly higher.

April 23rd, 2009 Gold prices rise for 2nd straight dayNEW YORK — Gold prices are higher, closing above $900 for the first time in three weeks as investors move some money back into the safe-haven investment while stocks waver on Wall Street. Oil and grain prices are also up slightly.