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Crude oil pushes toward $96
WASHINGTON, Oct. 15 (UPI) -- Crude oil prices held under $92 per barrel Monday on the New York Mercantile Exchange.
Tensions in the Middle East are adding support to crude oil prices, but concern over struggling economies is pushing prices down. Markets are also skittish due to an upcoming election in which the outcome is far from clear.
On Monday, equity markets started with gains. But market uncertainty is bound to be an overriding theme at least until the Nov. 6 national election.
West Texas Intermediate crude for November delivery in New York gave up 12 cents to $91.74 per barrel.
Natural gas prices shed 1.26 cents to $3.485 per million British thermal units. Home heating oil lost 1.7 cents to $3.2069 per gallon. Reformulated blendstock gasoline dropped 3.76 cents to $2.8552 per gallon.
At the pump, the average price for a gallon of regular unleaded gasoline was $3.787 per gallon, down from Sunday's $3.794, AAA reported.
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TEL AVIV, Israel, May 17 (UPI) --
Nobel Energy of Houston, which discovered Israel's big gas fields in the eastern Mediterranean, is pressing the government to decide soon on an energy export policy as the prospect of an undersea pipeline to Turkey gains credibility.
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TEL AVIV, Israel, May 17 (UPI) --
mid growing concerns about security threats from Syria and Iran, Israeli Prime Minister Binyamin Netanyahu has greatly reduced planned defense budget cuts.
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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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