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U.S. markets recover from steep losses
NEW YORK, May 15 (UPI) -- Crude oil prices receded Thursday on the New York Mercantile Exchange after the U.S. Senate passed a bill to limit speculative energy purchases.
The bill would give the Commodity Futures Trading Commission stronger regulatory oversight on electronic trading, The Wall Street Journal reported.
"This legislation puts real teeth back in the CFTC," said Sen. Maria Cantwell, D-Wash, said. Cantwell called for even stronger legislation "so we have no more dark markets."
On the exchange Thursday, crude oil prices fell 44 cents in late trading to $123.97 per barrel, the price dropping almost a dollar on the day.
Heating oil prices fell 0.0022 cents to $3.6202 per gallon. Reformulated blendstock gasoline prices fell 0.0043 cents to $3.1615 per gallon. The price of natural gas fell 0.023 cents to $11.376 per million British thermal units.
At the pump, the national average price for a gallon of unleaded regular gasoline climbed to a record $3.776 per gallon, up from Wednesday's $3.758 per gallon, AAA reported.
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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.
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NEW DELHI, May 24 (UPI) --
India's state-run National Aerospace Laboratory will work with Kadet Defense Systems to develop NAL's Hansa trainer aircraft into an unmanned airial vehicle.
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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...
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What if Europe turned out to be the new Japan?
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