Click for St. Louis, Missouri Forecast

// a href = ./ // St Louis News, Weather, Sports, The Big 550 AM, St Louis Traffic, Breaking News in St Louis

Online pharmacy:fesmag.com/tem

Have you a sex problem? Please visit our site:fesmag.com/medic

Site map
 
 
 
Tuesday, 10 September 2013 00:37

Oil falls below $109 a barrel on Syria proposal

   BANGKOK (AP) — Oil prices, which have shot up in recent days over the threat of a U.S. strike against Syria, fell below $109 a barrel Tuesday after Damascus reacted favorably to a proposal to turn over its chemical weapons.

   Benchmark oil for October delivery fell $1.16 per barrel to $108.36 at midday Bangkok time in electronic trading on the New York Mercantile Exchange. The contract fell $1.01 to close at $109.52 a barrel on the Nymex on Monday.

   Oil prices have risen sharply in recent days following President Barack Obama's call for military action against the government of Syrian President Bashar Assad in retaliation for what the White House says was a chemical weapons attack against civilians.

   But on Monday, there was reason to hope for a diplomatic solution when Syria's foreign minister welcomed a suggestion to move all the country's chemical weapons under international control. Analysts said it could also hurt Obama's attempts at gaining congressional support for military intervention.

   "Backed by the U.N., Russia is arranging for Syria to turn over its chemical weapons to avert a confrontation," said Vishnu Varathan of Mizuho Bank Ltd. in Singapore. "By deflecting the approaching strike, Russia has also created greater uncertainty in the U.S. Congress on the vote over Syria though the U.S. is still leaning towards a strike." Obama plans to address the nation from the White House on Tuesday about Syria.

   Brent, the benchmark for international crudes, dropped $1.03 to $112.69 per barrel on the ICE Futures exchange in London.

 

In other energy futures trading on Nymex:

— Wholesale gasoline fell 2.8 cents to $2.774 per gallon.

— Natural gas rose 1 cent to $3.614 per 1,000 cubic feet.

— Heating oil retreated 1.8 cents to $3.0999 per gallon.

Published in National News
Wednesday, 20 February 2013 02:48

Gas prices continue to climb in STL and elsewhere

Gas prices continue to climb in the metro area and across the country. And there's still no clear reason why.

The St. Louis Post-Dispatch reports that gas prices in the St. Louis area are 20 cents higher per gallon than they were this time last year. A gallon of regular unleaded is running more than $3.60 at most stations on the Missouri side of the Mississippi -- up about 50 cents in the last month. Prices are closer to $3.90 in the metro-east.

Several reasons are being given for the jump at the pump, including maintenance at several refineries and early switch over to summer blends. But the paper reports that commodities speculators may be the real force behind the increase, since they now dominate the oil market.
Published in Local News

Latest News

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
Prev Next
Courts moving away from eyewitness testimony as gold standard

Courts moving away from eyewitness testimony as gold st…

PORTLAND, Ore. (AP) - Courts and legislatures are slowly shifting away from using eyewitness testimony as the gold standard of evidence. The reason: Studies show it's only right...

One Cent Sales Tax For Transportation Endorsed

JEFFERSON CITY, Mo. (AP) - A Missouri Senate committee has endorsed a 1-cent sales tax increase to fund transportation projects.     The proposed constitutiona...

Safe Rooms Opening Soon In Joplin

(Joplin, MO)  --  Joplin officials say some safe rooms to protect residents during storms are expected to open in the next few weeks. Joplin school officials say f...

Dog Shooting Investigated In Washington, MO

WASHINGTON, Mo. (AP) - An investigation continues after an eastern Missouri deputy shot and killed a dog. The Washington Missourian reports that Franklin County deputies wen...

No Tuition Increase At SIU

CARBONDALE, Ill. (AP) - New students at Southern Illinois University won't be paying more for tuition this fall. WSIU Radio reports the university system's trustees on Thurs...

KC Highway Shooting Suspect Arrested

Kansas City police are crediting what they call "lots of tips" in the case of a series of highway shootings in that area over the past five weeks. Authorities raided a Grandview...

Proposed Sales Tax Exemption Would Benefit Missouri Foo…

JEFFERSON CITY, Mo. (AP) - Pizza parlors, doughnut stores and other restaurants could get a tax break under legislation passed by the Missouri House.   The bill wou...

© 2013 KTRS All Rights Reserved