May 2008
Las Vegas Business Press (10712186);5/26/2008, Vol. 25 Issue 21, pP15
The section offers business updates in the U.S. As of April 2008, prices paid to U.S. producers increased, bringing the year-on-year gain to 3 percent. According to futures contracts on the New York Mercantile Exchange, oil prices may reach $140 a barrel in the next eight years due to concern that growth in supply may fail to keep pace with increasing demand. The management of American Airlines decided to reduce its U.S. capacity and reduce jobs to address increasing fuel prices and slowing demand.


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