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Beef recall announced over E. coli fears
NEW YORK, Nov. 22 (UPI) -- Crude oil prices rebounded in New York Tuesday, heading toward $98 per barrel, while temperatures turned colder in the Northeast.
Political concerns also influenced the market as traders focused on tensions involving Iran's nuclear program, which could lead to supply disruptions.
On the New York Mercantile Exchange Tuesday, West Texas Intermediate crude oil for January delivery added $1.57 to $97.74 per barrel. Home heating oil prices shed 0.51 cents to $3.0295 per gallon. Reformulated blendstock gasoline lost 1.45 cents to $2.5505 per gallon.
Henry Hub natural gas prices lost 0.3 cents to reach $3.412 per million British thermal units.
At the pump, the national average price of unleaded gasoline dropped to $3.34 per gallon from Monday's $3.351, AAA said.
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| Additional Business News Stories | |
TEHRAN, June 20 (UPI) --
Iran announced plans to pay $850 million to secure 10 drilling rigs from Chinese manufacturers instead of domestic companies.
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RIYADH, Saudi Arabia, June 19 (UPI) --
Britain's BAE Systems, Europe's biggest defense company, reportedly expects to wrap up a price deal with Saudi Arabia for 72 Eurofighter Typhoon combat jets after two years of tortuous negotiations.
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Properties repossessed by lenders in the first quarter took an average of 477 days to complete the foreclosure process, up from 414 days in the previous...
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Nobody likes spending cuts but the champion of that attitude is clearly President Barack Obama, who seems to have a very clear pain-avoidance agenda.
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