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Exxon barred from Iraqi oil, gas auction
NEW YORK, June 3 (UPI) -- Crude oil prices declined slightly in New York Tuesday as regulators said speculative investments declined after an investigation was announced.
The U.S. Commodity Futures Trading Commission said net long crude positions fell from 50,060 to 25,867 the week after it announced it was conducting an investigation into possible "manipulation and abusive practices."
On the New York Mercantile Exchange Tuesday, crude oil prices fell to $124.46 per barrel, a decline of more than $10 per barrel from its peak on May 22.
Heating oil prices rose in late trading in New York, up 0.0024 cents to $3.642 per gallon. Reformulated gasoline prices rose 0.0023 cents to $3.3548 per gallon. Natural gas prices rose 0.04 cents to $12.261 per million British thermal units.
At the pump, the national average price for a gallon of unleaded gasoline remained just shy of $4 per gallon, up 0.003 cents from Monday's price at $3.978, AAA said.
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BOGOTA, Feb. 14 (UPI) --
Colombia's energy industry is heading toward a price fall because of oversupply of electricity, which could bodes ill for the expanding power generation sector.
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SINGAPORE, Feb. 14 (UPI) --
Sikorsky plans to expand business operations in Asia and is opening an office in Malaysia to kick off the effort.
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Compared to whites, greater shares of both black and Hispanic young adults say owning their own home is among their top priorities. While 25 percent of blacks and 26 percent of Hispanics say owning a home is of the highest importance in their lives,...
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President Barack Obama has revealed a budget that, once again, will give the Republican party a chance to show that vitriol is more fun than compromise.
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