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U.S. markets recover from steep losses
NEW YORK, Feb. 21 (UPI) -- Crude oil prices rose close to $106 a barrel Tuesday after finance leaders in Europe agreed on a $172 billion bailout loan for Greece.
Without the bailout, Greece would have gone into default in late March, which would have thrown the eurozone financial system into chaos.
Tension in the Middle East over Iran's alleged nuclear weapons program is also pushing prices higher.
On the New York Mercantile Exchange, light, sweet, West Texas Intermediate crude added $2.27 to $105.87 per barrel, up 2.2 percent. Home heating oil added 2.09 cents to $3.2275 per gallon. Reformulated gasoline gained 5.65 cents to $3.2250 per gallon.
Henry Hub natural gas prices lost 7.1 cents to $2.65 per million British thermal units.
At the pump, the national average price of unleaded gasoline climbed half a cent to $3.570 per gallon Tuesday from Monday's $3.565, AAA said.7
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LONDON, May 25 (UPI) --
The British government unveiled a draft energy bill this week critics say will raise prices and favors new gas-fired power plants over renewable sources.
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CANBERRA, Australia, May 25 (UPI) --
Lovitt Technologies in Melbourne, Australia, has won a contract with Boeing worth nearly $1 million for wing parts for all F/A-18 Super Hornet fighters worldwide.
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First-time buyers are driving the expectations that a recovery has begun. Their numbers and market share are growing despite financing roadblocks and competition with investors for entry-level homes. ...
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It is a whole new ball of wax in Europe these days.
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