1.
Consumer Corner: Foreclosure settlement no magic bullet for economy
NEW YORK, July 2 (UPI) -- Oil prices Monday closed up above $71 a barrel for the first time in 10 months on terrorism-related fears and news of a refinery outage.
Light, sweet crude for August delivery closed up 41 cents, or 0.58 percent, to $71.09 a barrel on the New York Mercantile Exchange.
The last time the contract traded at these levels was Sept. 8, 2006.
Natural gas fell 0.1 cent, or 0.13 percent, to $6.764 per 1,000 cubic feet after dipping as low as $6.555.
Heating oil added 1.94 cents, or 0.95 percent, to 2.0618 cents a gallon.
Reformulated-gasoline blendstock for oxygen blending moved up 0.59 cent, or 0.26 percent, to $2.2487 a gallon.
AAA said Monday the average U.S. retail regular unleaded gasoline price was $2.957 a gallon, down 0.004 cent from Sunday's $2.961 a gallon.
|
|
|
| Additional Business News Stories | |
BAGHDAD, Feb. 14 (UPI) --
U.S. supermajor Exxon Mobil won't be able to take part in an oil and natural gas licensing auction scheduled for May in Iraq, a spokesman said.
|
WASGHINGTON, D.C., Feb. 13 (UPI) --
Defense industries are weighing the potential impact of proposed defense cuts running into tens of billions of dollars over the next 10 years.
|
Local markets will probably not be swamped by waves of foreclosures following the multi-state mortgage settlement announced yesterday. Rather, the huge inventory of one to two million foreclosures will enter markets gradually....
|
Investors will not have the distraction of financial reports to look forward to this week. They will have to look at the spot news headlines instead.
|
| Stories | Photos | People | Comments |
View Caption
