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Consumer Corner: Foreclosure settlement no magic bullet for economy
NEW YORK, Nov. 21 (UPI) -- Crude oil prices rose Friday on the New York Mercantile Exchange, after dropping below $50 per barrel Thursday for the first time in two and a half years.
Crude oil prices gained $1.66 Friday to $50.36 per barrel, but the four-month slide that began in July has been precipitous. Crude oil peaked above $147 per barrel on July 11.
Heating oil prices rose 0.0324 cents to $1.7005 per gallon Friday. Reformulated blendstock gasoline rose 0.0729 cents to $1.065 per gallon. Natural gas prices rose 0.206 cents to $6.51 per million British thermal units.
At the pump, the average price for a gallon of regular unleaded gasoline fell below $2 per gallon, reaching $1.989 Friday, down 0.031 cents from Thursday, and down more than $2.12 from the July record of $4.114 per gallon, AAA said.
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BAGHDAD, Feb. 14 (UPI) --
U.S. supermajor Exxon Mobil won't be able to take part in an oil and natural gas licensing auction scheduled for May in Iraq, a spokesman said.
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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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Investors will not have the distraction of financial reports to look forward to this week. They will have to look at the spot news headlines instead.
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