The recent big plunge in gas prices along with a strengthening labor sector pushed a gauge of consumer attitudes to levels not seen since January 2004. Plunging oil and gas prices led consumer prices lower in December, while annual rates fell to lows not seen since January 2004. Oil and gas services provider Schlumberger laid off 9,000 workers, or 7% of its workforce directly due to the drop in oil prices.
Posted on: Fri, 16 Jan 2015 20:20:52 +0000
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