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Beef recall announced over E. coli fears
NEW YORK, April 26 (UPI) -- Crude oil prices settled above $104 per barrel Thursday as the dollar was dormant and equities rose.
News affecting commodities is mixed. The Commerce Department Wednesday said U.S. durable goods orders fell more than expected. Late Wednesday, the Energy Information Administration reported a U.S. inventory buildup of 4 million barrels in the week ending April 20 to 373 million barrels -- the fifth consecutive week of increased supplies.
West Texas Intermediate crude for June delivery wavered before settling at $104.55 on the New York Mercantile Exchange. Home heating oil prices added 3.33 cents to $3.1944 per gallon. Reformulated blendstock gasoline added 2.76 cents to $3.1833 per gallon.
Natural gas prices lost 4.4 cents to $2.126 per million British thermal units.
At the pump, the national average price of unleaded gasoline dropped a penny to $3.83 per gallon Thursday from Wednesday's $3.84, AAA said.
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| Additional Business News Stories | |
ERBIL, Iraq, June 19 (UPI) --
Iraq's Kurds have consolidated their growing energy sector with Chevron Corp. securing a third exploration block in the semiautonomous northern region that increasingly operates as a de facto independent state and France's Total buying a majority stake in another.
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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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