Although the U.S. is a net oil exporter, higher oil prices could increase inflation and lower economic growth.

In this article, we will look at how oil prices impact the U.S. economy. Over the past decade, the U.S. has begun producing more oil, decreasing our reliance on imports. As a result, new jobs have ...

As I see it, increasingly high oil prices weaken an economy because they reduce discretionary ... not have the luxury of being able to hide the impacts of their high cost of oil.

The stress on US energy companies explains why the positive impact on US growth has not been as big as was hoped. Again let's be clear, on net lower oil prices have been good for the US economy.

If the price of crude oil does not return to around $65 per barrel, it will subtract tenths from the GDP and delay the ...

The recent Israel-Iran conflict led to a dramatic shift in the markets as the price of the benchmark Brent crude oil rose ...

Rather, it is geopolitical factors—specifically, escalating tensions in the Middle East—that are unsettling markets and ...

Recent developments in oil markets and the global economy have, once again, triggered concerns about the impact of oil price shocks around the world. This column wonders whether the fuss is really ...

Oil spiked 14% this week due to escalating conflict in the Middle East. Could this complicate the RBA's next decision on ...

Lower oil prices are also typically accompanied by a weaker Canadian dollar, and this time is no exception. The dollar’s depreciation by over 10 per cent against the U.S. dollar in the past six months ...

“Of course, we can’t look at the impact of a drop in oil prices on Texas in a vacuum. Behind all this is the economic impact of the coronavirus, which is still uncertain.” Oil prices had ...

“People use gasoline as a gauge of the economy and how they ... At least one expert cast doubt over the impact of even a sharp hike in oil and gas prices, saying it is unclear whether voters ...