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(Image from article: "U.S. Retail Sales Exceed Forecasts")

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Crude Oil Falls Below $100 a Barrel

Oil prices plummeted by almost 9 percent on Thursday as traders worried that American drivers were beginning to balk at the price of gasoline.

 

U.S. Retail Sales Exceed Forecasts

U.S. Retail Sales Exceed Forecasts

Consumers spent more on gasoline and a wide range of other goods, data showed, raising hopes of a self-sustaining economic recovery.

 

Retail sales rise more than expected

Retail sales rise more than expected

The government says retail sales advanced in June by the largest amount in five months, led by a surge in gasoline prices and a slight rebound in the battered auto sector.

 

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