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More to U.S. oil than North Dakota, EIA says
NEW YORK, Oct. 19 (UPI) -- Crude oil dropped back under $91 per barrel Friday as the dollar index rose and equities turned sharply lower on Wall Street.
TransCanada Corp. said it shut down the Keystone pipeline with expectations that it would take three days to check out problems revealed during routine tests, MarketWatch reported.
The supply news provided some support early, but that faded as the session moved into the afternoon.
The dollar index dropped 0.35 percent to 79.63, putting added pressure on commodity prices.
In New York, November delivery of West Texas Intermediate crude oil gave up $2.24 or 2.4 percent to $90.65 per barrel on the New York Mercantile Exchange.
Natural gas prices lost 0.35 cents to $3.579 per million British thermal units. Home heating oil lost 1.99 cents to $3.1397 per gallon. Reformulated blendstock gasoline shed 7.5 cents to $2.6788 per gallon.
At the pump, the average price for a gallon of regular unleaded gasoline was $3.715 per gallon, down from Thursday's $3.737, AAA reported.
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MOSCOW, May 24 (UPI) --
Russia's decision to suspend its use of an Azerbaijani oil pipeline isn't the result of political tensions, Foreign Minister Sergei Lavrov says.
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MANILA, May 24 (UPI) --
The Philippines is determined to spend $1.8 billion on military upgrades -- mostly naval -- to protect the country against "bullies" in its territorial waters.
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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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