

NEW YORK, Sept. 14 (UPI) -- Crude oil prices closed just shy of $99 per barrel Friday as equities headed higher with a boost from the U.S. Federal Reserve's third round of bond buying.
The Fed said Thursday it would spend $85 billion per month through the end of the year on bonds and mortgage-backed securities, a step known as quantitative easing or printing money.
Equities markets were higher across the board in Asia and Europe. Stocks on Wall Street closed higher, extending Thursday's afternoon surge.
On the New York Mercantile Exchange, West Texas Intermediate crude oil for October delivery added 66 cents to reach $98.97 per barrel. Natural gas shed 0.76 cent to $3.088 per million British thermal units.
Home heating oil gained 2.82 cents to $3.2395 per gallon. Reformulated blendstock gasoline added 5.34 cents to $3.0156 per gallon.
At the pump, the average price for a gallon of regular unleaded gasoline was $3.871 per gallon, up from Thursday's $3.869, AAA reported.
|
|
|
|
|
|
| Additional Business News Stories | |
BEIJING, June 18 (UPI) --
The Chinese city of Shenzhen has launched the first of seven pilot emission trading schemes planned for China, the world's largest greenhouse gas emitter.
|
PARIS, June 18 (UPI) --
A new system for indirect precision attack for land and naval forces has been unveiled at the Paris Air Show by European missile systems company MBDA.
|
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...
|
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.
|
| Stories | Photos | Comments |
View Caption