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Consumer Corner: Foreclosure settlement no magic bullet for economy
NEW YORK, Nov. 3 (UPI) -- Crude oil prices climbed over $79 per barrel on the New York Mercantile Exchange Tuesday, ahead of Wednesday's inventory report.
The volatility of equities in October was largely ignored by the oil market, but chief researcher at JBC Energy GmbH David Wech told MaketWatch prices were due for a fall.
"Oil is overpriced at the moment. We expect it to fall back to below $70 a barrel. That's based on all the fundamental factors," he said.
Light, sweet crude dropped overnight in New York then added $1.37 to $79.50 per barrel. Heating oil gained 0.019 cents to $2.065 per gallon. Reformulated blend stock gasoline prices rose 0.0047 cents to $1.995 per gallon. Natural gas rose 0.098 cents to $4.922 per million British thermal units.
At the pump, the national average price of unleaded gasoline was $2.686 per gallon Tuesday, down form $2.691, AAA said.
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SYDNEY, Feb. 13 (UPI) --
Researchers in Australia are developing a solar roof system that uses wasted energy to warm air and water.
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WASHINGTON, Feb. 13 (UPI) --
GE Aviation announced it is expanding its business in the United States with the addition of three new manufacturing and development facilities.
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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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