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Britain weighing gasoline price-fixing probe of BP, Shell, Statoil
NEW YORK, Aug. 22 (UPI) -- Crude oil prices rose above $97 per barrel Wednesday with the government reporting a substantial draw in U.S. inventories during the week.
U.S. stockpiles dropped by 5.4 million barrels to 360.7 million barrels in the week ending Saturday, the Energy Information Administration said.
Supplies remain above the upper limit of the average range for this time of year, but the drawdown was still more than expected.
West Texas Intermediate crude oil for September delivery added 46 cents to $97.18 per barrel on the New York Mercantile Exchange. Natural gas gained 3.2 cents to $2.858 per million British thermal units.
Home heating oil gained 0.92 cents to $3.1379 per gallon.
Reformulated blendstock gasoline added 1.56 cents to $3.1198 a gallon.
At the pump, the average price for a gallon of regular unleaded gasoline was $3.716 per gallon Wednesday, down from Tuesday's $3.717, AAA reported.
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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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MUSCAT, Oman, May 21 (UPI) --
The Persian Gulf sultanate of Oman is set to buy a $2.1 billion missile system built by the U.S. Raytheon Co. as part of a U.S. drive to install a coordinated air-defense system linking the region's Arab monarchies to counter Iran.
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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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