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Crude oil pushes toward $96
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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TEL AVIV, Israel, May 17 (UPI) --
Nobel Energy of Houston, which discovered Israel's big gas fields in the eastern Mediterranean, is pressing the government to decide soon on an energy export policy as the prospect of an undersea pipeline to Turkey gains credibility.
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TEL AVIV, Israel, May 17 (UPI) --
mid growing concerns about security threats from Syria and Iran, Israeli Prime Minister Binyamin Netanyahu has greatly reduced planned defense budget cuts.
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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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