1.
U.S. markets recover from steep losses
NEW YORK, Oct. 17 (UPI) -- Crude oil prices closed lower Wednesday on the New York Mercantile Exchange after an surge earlier in the session that sent prices to a record $89 per barrel.
At the end of the session, crude oil for finished down 21 cents at $87.12 per barrel. The gains were seen after the Turkish Parliament authorized the military to enter northern Iraq to fight Kurdish rebels.
"The Turkish move was widely expected," Phil Flynn, senior market analyst at Alaron Trading, told MarketWatch. "It gave us a pop but couldn't get us to $90."
Natural gas finished up 0.0910 cents to close at $7.4580 per 1,000 cubic feet.
Heating oil and gasoline both finished the session lower. Heating oil closed at $2.3189, down 0.0198 cent while gasoline lost 0.0271 cents to end the session at $2.1466.
At the pump, the price for a gallon of unleaded gasoline was $2.776 Wednesday, up from $2.759 the previous day, reported AAA's Daily Fuel Gauge Report.
|
|
|
|
|
|
| Additional Business News Stories | |
CANBERRA, Australia, May 23 (UPI) --
Australia has passed legislation establishing the $10 billion Clean Energy Finance Corp. to provide grants and government investment to green projects.
|
ORLANDO, Fla., May 23 (UPI) --
The U.S. Air Force has added Lockheed Martin to its list of companies for support of its medical services worldwide.
|
The housing inventory rose slightly in April, which is unusual in the middle of the spring sales season. The uptick may be the result of rising seller confidence and it should ease concerns that the super tight inventory levels of the last six months...
|
What if Europe turned out to be the new Japan?
|
| Stories | Photos | People | Comments |
View Caption
