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U.S. markets recover from steep losses
NEW YORK, Sept. 3 (UPI) -- Crude oil prices fell Wednesday as inspections in the Gulf of Mexico revealed Hurricane Gustav left supply areas relatively unscathed.
"Everybody's talking about the storm damage not being as bad as (Hurricane) Katrina," Justin Fohsz, a broker with Starsupply GFI told The Wall Street Journal.
On the New York Mercantile Exchange, oil prices dropped 88 cents Wednesday to $109.35 per barrel. Heating oil prices also fell, down 0.0212 cents to $3.0788 per gallon.
Reformulated gasoline prices rose slightly, up 0.0188 cents to $2.7688 per gallon, while natural gas prices gained, up 0.057 cents to $7.26 per million British thermal units.
At the pump, U.S. motorists were paying an average of $3.681 for a gallon of regular gasoline, down from Tuesday's $3.684, the AAA 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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OTTAWA, May 24 (UPI) --
A planned shakeup in the command structure of Canada's 68,000-strong armed forces will save costs and also respond to criticism of government performance over the planned Canadian acquisition of the Joint Strike Fighter program.
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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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