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New Navy submarine completes trials
NEW YORK, Jan. 31 (UPI) -- The price of crude oil held above $97 per barrel overnight in New York, dropping slightly on the prospects of softer demand.
NYMEX West Texas Intermediate crude oil for March delivery is near a four-month high, but prices dropped after the Commerce Department said the U.S. economy contracted by 0.1 percent in the fourth quarter of 2012.
Retail prices for gasoline rose sharply for the second consecutive day. In a two-day surge, the national average price at gas pumps has jumped 5.9 cents to $3.423 per gallon, AAA said.
Prices at the pump have risen 10.2 cents in the past week.
On the New York Mercantile Exchange, crude oil gave up 50 cents to $97.46 per barrel. Reformulated blendstock gasoline added 1.13 cents to $3.0315 a gallon. Home heating oil gained 0.4 cents to $3.1165 a gallon.
Natural gas shed 0.3 cent to $3.33 per million British thermal units.
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LONDON, May 20 (UPI) --
British investigators say they are "urgently reviewing" whether to join a European Union probe of three oil companies for alleged gasoline price-fixing.
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WASHINGTON, May 20 (UPI) --
Commercial space activities may soon utilize a NASA launch pad at the Kennedy Space Center in Florida that was designed for the Apollo space program.
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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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