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Beef recall announced over E. coli fears
NEW YORK, Nov. 29 (UPI) -- Crude oil prices made slight gains Thursday on the New York Mercantile Exchange, supported by a two-day rally in equities.
West Texas Intermediate crude oil added 12 cents to $87.66 a barrel with price support also coming from a weaker U.S. dollar.
Home heating oil shed 0.51 cents in late trading to $3.0518 a gallon while reformulated blendstock gasoline lost 1.29 cents to $2.7205 a gallon. Henry Hub natural gas shed 1.34 cent to $3.648 per million British thermal units.
On Wednesday, the Energy Information Agency said stockpiles of crude were little changed in the week with a drawdown of about 300,000 barrels. Still, even a slight draw down with winter weather setting in is likely to push prices higher.
At the pump, AAA reported regular unleaded gasoline selling for $3.409 per gallon, down from Wednesday's $3.415.
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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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