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Beef recall announced over E. coli fears
NEW YORK, Nov. 27 (UPI) -- Crude oil prices held to less than $88 a barrel Tuesday on the New York Mercantile Exchange, failing to make gains in light of a dour economic report.
Light crude oil gave up 7 cents to $87.67 a barrel as the Organization of Economic Cooperation and Development said its 34 members would experience 1.4 percent economic growth in 2013, down from a prediction of 2.2 percent released in May.
In early trading, home heating oil was off 0.91 cents to $3.0503 a gallon while reformulated blendstock gasoline added 0.33 cents to $2.7072 a gallon. Henry Hub natural gas was off 1 cent to $3.858 per million British thermal units.
At the pump, AAA reported regular unleaded gasoline selling for $3.419 per gallon, down from Monday's $3.423.
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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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