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More to U.S. oil than North Dakota, EIA says
NEW YORK, Dec. 7 (UPI) -- Crude oil prices declined on the New York Mercantile Exchange Friday, continuing a sell-off that began Thursday.
A European Central Bank prediction that 2013 would see negative economic growth for the eurozone was underscored Friday with the German government lowering its forecast for 2013, as well.
In New York, the price of West Texas Intermediate crude oil was down 33 cents to $85.93 per barrel. Home heating oil shed 2 cents to reach $2.9153 a gallon. Reformulated blendstock gasoline gained 1.02 cents to $2.6071 a gallon. Natural gas fell 12 cents to $3.545 per million British thermal units.
At the pump, AAA reported a national average price for regular unleaded gasoline at $3.371 per gallon, down from Thursday's $3.379.
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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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