1.
IAI and Boeing drive to active Arrow-3
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.
| Additional Business News Stories | |
BEIJING, Feb. 7 (UPI) --
China could face power supply outages this year due to a shortage of coal, warned China's Electricity Council.
|
NEW YORK, Feb. 7 (UPI) --
Global aerospace and defense business reached record levels in 2011, up from $22 billion in 2010 to $44 billion, despite fears it could turn out to be a bad year overall for the industry, latest data indicated.
|
Have lenders turned the corner on lending standards in response to public and marketplace pressure?...
|
A deal on mortgage relief for homeowners caught up in a paperwork scandal is close to complete, officials are saying.
|
| Stories | Photos | People | Comments |
View Caption
