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THE ECONOMY.(TO THE POINT)

Investor's Business Daily

| January 03, 2005 | COPYRIGHT 2005 Investor's Business Daily, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

Oil ends year ahead, but off peak

Oil futures finished '04 at $43.45 a barrel, 34% higher than a year ago but well short of the all-time high of $55.67 it notched in late Oct. New York markets were closed Friday. After climbing for much of the year amid concerns about inventories and terror, prices have eased in recent weeks amid signs of a mild winter and growing U.S. oil stockpiles.

Singapore's growth seen easing

After expanding a solid 8.1% in '04, the city-state's economy is expected to grow as much as 5% in '05, said Singapore Prime Minister Lee Hsien Loong. But he also cautioned that Singapore's growth could run into problems if high oil prices cut into U.S. growth or if the dollar ...

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