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U.S. markets recover from steep losses
NEW YORK, Aug. 7 (UPI) -- Crude oil prices wavered Thursday then settled $1.60 cents higher at $119.95 per barrel on the New York Mercantile Exchange.
With a background of waning U.S. demand, oil headed down as the dollar strengthened after European Central Bank President Jean-Claude Trichet warned "annual inflation rates are likely to remain well above levels consistent with price stability for a protracted period of time."
Heating oil prices also gained Thursday, up 0.0026 cent $3.2326 per gallon. Reformulated blendstock gasoline prices rose 0.0534 cents to $2.9989 per gallon. Natural gas prices fell 0.116 cents to $8.559 per million British thermal units.
The national average retail price of unleaded gasoline fell 0.013 cents to $3.849 per gallon Thursday, more than 25 cents below its July 17 record at $4.114 per gallon, the AAA Daily Fuel Gauge Report said.
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BEIJING, May 24 (UPI) --
China National Offshore Oil Corp. announced Thursday it made a new oil discovery in the shallow waters of south Liaodong Bay.
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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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It is a whole new ball of wax in Europe these days.
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