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Beef recall announced over E. coli fears
NEW YORK, Sept. 26 (UPI) -- A stronger dollar and a report claiming commodity-based funds were performing poorly nudged crude oil prices toward $90 per barrel Wednesday in New York.
Crude oil prices gave up 54 cents to close at $90.32 per barrel after reaching lows under $90 in early trading on the New York Mercantile Exchange.
The dollar index rose 0.24 percent to 79.85 on the International Exchange, providing some pressure on prices. A report published by the Commodity Mercantile Exchange Group suggested investors steer away from commodity-based funds, which weren't performing as well as direct futures investments.
Home heating oil added 0.216 cents to $3.0985 per gallon. Reformulated blendstock gasoline gained 0.0465 cents to $2.8477 per gallon.
At the pump, the average price for a gallon of regular unleaded gasoline was $3.805 per gallon, down from Tuesday's $3.81, AAA reported.
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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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