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Consumer Corner: Foreclosure settlement no magic bullet for economy
NEW YORK, Nov. 26 (UPI) -- Crude oil prices jumped Wednesday on the New York Mercantile Exchange, as investors anticipated a possible OPEC production cut announcement.
Members of the Organization of Petroleum Exporting Countries were scheduled to meet Saturday in Cairo.
"There just weren't that many traders willing to pile up a big short position ahead of the Thanksgiving break and ahead of this OPEC meeting," Tim Evans, energy analyst at Citi Futures Perspective told The Wall Street Journal.
Crude prices gained $4.03 Wednesday to $54.80 per barrel. Heating oil prices rose 0.0422 cents to $1.741 per gallon. Reformulated blendstock gasoline rose 0.0875 cents to $1.824 per gallon. Natural gas prices rose 0.424 cents to $6.81 per million British thermal units.
At the pump, the average price for a gallon of regular unleaded gasoline fell 0.017 cents from Tuesday's figure to $1.868 Wednesday, AAA said.
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PORTLAND, Maine, Feb. 13 (UPI) --
So-called tar sands oil from Canada is "much, much worse" for the environment than conventional crude oil, a Maine environmental advocate said.
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SAINT-LAURENT, Quebec, Feb. 13 (UPI) --
The Canadian coast guard has picked Thales Canada for the supply and installation of helicopter tracking systems aboard 22 aircraft and 17 ships.
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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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