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More to U.S. oil than North Dakota, EIA says
NEW YORK, March 22 (UPI) -- The price of crude oil added $1.33 to $93.78 a barrel Friday in New York as U.S. equities rebounded.
Investors shrugged off fears of a crisis in the eurozone, as leaders from Cyprus were in talks to rescue a derailed bailout plan for Cypriot banks.
On the New York Mercantile Exchange, gasoline shed 0.35 cents to $3.0515 per gallon. Home heating oil broke even at $2.975 a gallon.
Natural gas gained 0.3 cents to reach $3.937 per million British thermal units.
At the pump, a gallon of regular unleaded gasoline was $3.686 Friday, down from Thursday's $3.691, the AAA Fuel Gauge Report said.
European financial leaders are focused on a bailout plan for Cyprus that includes the country raising $7.5 billion to secure a $13 billion loan from the European Stability Mechanism. The European Central Bank gave the island nation until Monday to come up with a new plan to secure the loan, which is needed to help the country's banks stay in business.
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JUBA, South Sudan, May 23 (UPI) --
South Sudan's Foreign Ministry said the Sudanese government was creating problems for the south's oil export potential.
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TUCSON, May 23 (UPI) --
Raytheon has received approval from the U.S. Defense Acquisition Board for full-rate production of the Standard Missile-6.
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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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