Will rising gas, oil prices stall the economic recovery?

Even though oil futures slipped slightly Tuesday on word that OPEC may boost production, the ongoing gains in the price of crude and of products like gasoline is getting a lot of buzz.

For business journalists, it’s worth the time to breathe some new life into this perennial topic and help readers make sense of potential effects on themselves and the larger economy. From a skittish stock market to summer tourism to supermarket shelves, fuel price surges can seriously crimp hope-for rebounds.

Crude shock may halt economic recovery

Gulf News reported that surging oil prices that have been fluctuating in the danger zone between USD 115 and USD 120 per barrel over the past few days combined with rising food and commodities prices, could push inflation and affect the global economic recovery.

Brent crude for April settlement increased 17 cents to USD 115.59 per barrel on the London based ICE Futures Europe exchange. Record breaking gold leapt as high as USD 1,438.30 per ounce on the London Bullion Market.

Lib Dem Tavish Scott reveals economic recovery plan

Scottish Liberal Democrat leader Tavish Scott has outlined his party's plan for economic recovery, ahead of the Holyrood election.

Addressing the Scottish Lib Dem conference, he pledged to create jobs, cut red tape and reform business rates.

Mr Scott also promised to restore excellence in education and fight centralisation, including moves to a Scottish national police force.

Oil price could hit Scots economy

Scotland's economy could be hit by upheaval in the Middle East and rising oil prices, it has been warned.

The latest economic forecast from the Fraser of Allander Institute said the rate of economic recovery appeared to be slowing.

ISM Report: Demand, Production Strengthening As Economic Recovery Gains Momentum

In a sign that the economy continues to recover, albeit unevenly, manufacturing just finished up another strong month.

New orders and production rose at manufacturing companies in February, according to the Institute for Supply Management's monthly Report on Business, released Tuesday. As demand for certain goods appeared to be strengthening, 61.4 percent of manufacturers reported that business in February was better than in the previous month. That figure, which handily beat economists' expectations, is a high unseen since the heady days of May 2004.