Oil Costs To Offset Stimulus Package

On the eve of President Bush's visit to Saudi Arabia, crude oil prices set a record for the fifth day in a row yesterday, eating into tax rebates being mailed to U.S. households and prompting FedEx to slash its quarterly earnings forecast by $100 million because of rising fuel costs.
 - 

Steven Mufson

Related Subjects

United States

George W. Bush

OPEC

Saudi Arabia

Federal Express Corporation

Philip Verleger

Adam Sieminski

Mark Cooper

Shokri Ghanem

Aspen (Colorado)

Abdalla Salem -Badri

Deutsche Bank AG

Libya

Bloomberg LP

Consumer Federation of America

California Franchise Tax Board

U.S. Energy Information Administration

New York Mercantile Exchange Inc.

Goldman Sachs Group Inc.

MasterCard Inc.

Africa

North Africa

Maghreb

Asia

Middle East

Southwest Asia

Arabian Peninsula

North America

Oil Prices

Commodity Markets

Financial Markets

Business

Fossil Fuel Energy

Energy Sector

U.S. National Economy

National Economy

Trade

Imports and Exports

Currency Markets

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