Summary
NEW YORK - With crude prices at record highs and the winter heating season just around the corner, Wall Street is having a hard time dismissing worries about rising energy costs.
A number of companies have cited oil prices as they've issued third-quarter profit warnings and reports, and anxiety about crude, which neared $50 a barrel this week, has weighed heavily on stocks. There's good reason to worry: Energy costs are crimping profits at manufacturers, forcing airlines to cut flights and threatening consumer spending.See the full content of this document
Extract
Market Braces for Oil Price Squeeze
Still, some analysts are skeptical about the true impact oil will have on earnings. While the cost of crude is uncomfortably high, the prices of refined products used by consumers and businesses...
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