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Britain weighing gasoline price-fixing probe of BP, Shell, Statoil
NEW YORK, May 31 (UPI) -- Oil prices slipped under $87 per barrel on the New York Mercantile Exchange as a delayed stockpile report said crude oil inventories rose in the week.
The Energy Information Administration said U.S. inventories rose by 2.2 million to 384.7 million in the week ending Friday -- the report a day late due to the Memorial Day holiday.
In New York, the price of West Texas Intermediate for July delivery shed $1.31 to $86.51 per barrel, near the low for the year.
Natural gas for June delivery gave up 1.2 cents to $2.41 per million British thermal units.
Home heating oil added 1.93 cents to $2.7225 per gallon.
RBOB gasoline futures for July delivery were up 3.18 cents to $2.7545 per gallon.
At the pump, the national average price of unleaded gasoline dropped to $3.62 per gallon from Wednesday's $3.626, AAA said.
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WASHINGTON, May 21 (UPI) --
A member of Congress who led an investigation into the BP oil spill in 2010 expressed outrage that a judge threw out a charge against a former BP executive.
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LONDON, May 21 (UPI) --
Israel's unmanned aerial vehicle manufacturers are the world's top UAV exporters, garnering $4.62 billion from 2005-12.
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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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