Stabilising oil prices may perk up O&G industry (The Star)
May 24th, 2009
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PETALING JAYA: The recent economic data from China and the United States, although far from pointing to a definite recovery anytime soon, has shown some stabilisation and given a boost to oil prices as investors bet on higher demand from rising consumption.
Sudden American Frugality Hampers an Economic Recovery (Washington Post)
There is a reason people say to beware what you wish for because you may get it.
Reports hint U.S. recovery will be a rutted road (Reuters via Yahoo! News)
Data on Thursday underscored that the U.S. economic recovery, when it arrives, will be a long slog, with a key factory index showing only marginally less weakness and unemployment tipped to hit double-digit levels.
