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API wants desks cleared of LNG export plans
NEW YORK, Aug. 29 (UPI) -- Crude oil prices slid under $96 a barrel Wednesday after finance ministers from the Group of Seven nations said they would keep markets amply supplied.
In a statement released Tuesday, the G7 ministers urged oil-producing countries to raise output. The group also applauded Saudi Arabia's pledge to increase production if necessary and said their own nations would be ready to draw on strategic oil reserves to keep prices from market-harming volatility.
On the New York Mercantile Exchange Thursday, West Texas Intermediate crude oil for October delivery shed 38 cents to $95.95 per barrel. Natural gas gave up 1.1 cents to $2.603 per million British thermal units.
Home heating oil lost 0.7 cents to $3.1215 per gallon.
Reformulated blendstock gasoline lost 0.47 cents to $2.9286 a gallon.
At the pump, the average price for a gallon of regular unleaded gasoline was $3.804 per gallon Wednesday, up from Tuesday's $3.756, AAA reported.
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| Additional Business News Stories | |
BUENOS AIRES, May 21 (UPI) --
To the joy of neighboring rivals, Argentina's beef exports are dwindling and traders blame government policies.
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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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