Why Falling Gas Prices Have Further to Go

Morning Money Memo…

There's good news about the cost of energy: It's getting cheaper. The cost of oil has been falling for weeks on global markets. West Texas crude is now just under $91 a barrel. The International Energy Agency has again cut its oil demand forecast for this year. "The recent slowdown in demand growth is nothing short of remarkable," the IEA says in its report today. "While demand growth is still expected to gain momentum, the expected pace of recovery is now looking somewhat more subdued." Compared with August of last year global supply rose more than 800,000 barrels a day. Rising US oil production is one important factor keeping a lid on the cost of oil. US gasoline prices are expected to continue the downward trend this fall, analysts say.

Starbucks may lift its ban on visible tattoos for its employees. Until now the coffee chain has told baristas to keep them under wraps. But thousands of Starbucks employees signed a petition that opposes the ban. The company is rethinking its dress code, including the tattoo policy, according to an internal memo from Chief Operating Officer Troy Alstead. "The company expects to announce a dress code update within the next few weeks," a company spokesman told USA Today. Some employees complained that even in hot weather they must wear long-sleeved shirts to hide their tattoos.

More than six years after the start of the recession unemployment is still well above normal levels. But many companies have openings for skilled workers, and find it difficult to find qualified workers. Adults who want to improve their job skills don't have to go to an expensive college. Udemy.com is a marketplace of online learning, serving nearly 3 million students in 190 countries since it was launched four years ago. "Most of our courses are around skill development," says Dennis Yang, CEO of Udemy. "We have over 16,000 courses and we're adding about a thousand courses per month." Some are free while others include a fee. The courses are rated and reviewed by students. "The workplace itself is changing so rapidly today," says Yang. "It's really changing faster today than it ever has before." Nearly 25 percent of Udemy's students are stay-at-home parents. Many take courses on computer systems, web design, marketing, or negotiating skills to prepare them to meet the requirements of today's jobs.

U.S. regulators have approved a new weight-loss drug called Contrave, made by Orexigen Therapeutics, based in La Jolla, California. The Food and Drug Administration says the drug is approved for use by people who have a body mass index of 30 or higher, which is the level at which people are considered to be obese. It is also approved for use by people with a BMI of 27 or higher who also have a weight-related medical condition such as diabetes. In addition to Contrave, the FDA has approved Qsymia and Belviq. Sales of the drugs have been below expectations because of limited insurance coverage and high costs for patients.

RadioShack says it may need more capital to help complete its turnaround efforts. CEO Joseph Magnacca says the consumer electronics retailer is actively exploring options for overhauling its balance sheet and is in advanced talks with "a number of parties." RadioShack has been losing money and closing stores. Magnacca says more cost savings are being considered.

Stock averages snapped a two-day losing streak, with a jump in Apple shares that helped lift the mood of the market. Apple had its biggest gain since April of more than 3 percent after announcing updated versions of the iPhone, a new smartwatch and a mobile payment system.

Richard Davies Business Correspondent ABC News Radio abcnews.com Twitter: daviesnow