Lubricating oil compositions are disclosed that are suitable for use in all engine types and that provide a reduced Average Friction/Traction coefficient in use, with attendant improvement in fuel economy performance, especially retained fuel economy performance. The disclosed compositions are also advantageous in that molybdenum-based friction modifying ingredients previously considered crucial to reducing friction from metal-metal contact and high molecular weight PIBSA-PAM dispersants can be omitted or used at lower treat rates without impairing friction-reducing or fuel economy performance.