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Existing U.S. home sales rose in April
NEW YORK, April 13 (UPI) -- Crude oil prices closed at less than $103 a barrel Friday on the New York Mercantile Exchange while traders absorbed economic growth data from China.
First-quarter gross domestic product growth in China rose 8.1 percent, which came in short of expectations. Traders would normally pull back at this point but some are hedging their bets, expecting the People's Bank of China to step in with a stimulus measure.
In New York, West Texas Intermediate crude oil for May delivery lost 81 cents to $102.83 per barrel. Home heating oil prices shed 0.83 cents to $3.1746 per gallon. Reformulated blendstock gasoline lost 1.06 cents to $3.3461 per gallon.
Natural gas prices added 0.7 cents to $1.99 per million British thermal units.
At the pump, the national average price of unleaded gasoline fell to $3.901 per gallon from Thursday's $3.907, AAA said.
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WASHINGTON, May 23 (UPI) --
U.S. President Barack Obama was the last obstacle to getting the Keystone XL oil pipeline built through the country, the chairman of a House committee said.
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TUCSON, May 23 (UPI) --
Raytheon has received approval from the U.S. Defense Acquisition Board for full-rate production of the Standard Missile-6.
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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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