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Friday, January 14, 2011

OPEC ministers say world can handle $100 oil

$100 OIL: DEAL WITH IT

    The global economy can withstand an oil price of $100 a barrel, Kuwait's oil minister said on Saturday, as other exporters indicated OPEC may decide against increasing output through 2011 as the market was well supplied.

Rising Gasoline Prices Put Consumers in Sour Mood

    Rising gasoline prices beat down U.S. consumer sentiment in early January, overshadowing an improved job outlook and passage of temporary federal tax breaks, a survey released on Friday showed.

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