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Auto Outlook: Toyota bullish on U.S. comeback
NEW YORK, Nov. 19 (UPI) -- Crude oil prices dropped Wednesday on the New York Mercantile Exchange as U.S. inventories of crude oil and gasoline increased last week.
Crude oil prices, at a 22-month low, fell $1.21 Wednesday to $53.18 per barrel as the Energy Information Administration reported crude oil stockpiles rose by 1.6 million barrels, the eighth straight week of increases.
Gasoline stockpiles gained by a half million barrels in the week ending Nov. 14.
Heating oil prices fell slightly, down 0.0047 cents to $1.763 as winter temperatures settled in over much of the U.S. Northeast and Midwest.
Reformulated blendstock gasoline prices fell 0.0404 cents to $1.097, while natural gas prices rose 0.212 cents to $6.72 per million British thermal units.
At the pump, the national average price for a gallon of regular unleaded gasoline fell 0.021 cents from Tuesday's prices to $2.047 day per gallon Wednesday, AAA said.
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WASHINGTON, Feb. 14 (UPI) --
White House critics say raising taxes on domestic energy is bad policy, though supporters counter the U.S. budget addresses the energy sea change.
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WASGHINGTON, D.C., Feb. 13 (UPI) --
Defense industries are weighing the potential impact of proposed defense cuts running into tens of billions of dollars over the next 10 years.
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Local markets will probably not be swamped by waves of foreclosures following the multi-state mortgage settlement announced yesterday. Rather, the huge inventory of one to two million foreclosures will enter markets gradually....
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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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