YOUR FRIENDS' ACTIVITY

    Oil steady, slow world economy still in focus

    By The Associated Press | Associated Press – Fri, Sep 28, 2012

    NEW YORK (AP) — The price of oil is hanging around $92 as investors remain concerned that economic stimulus measures from central banks around the world won't stimulate much oil demand.

    Benchmark oil rose 14 cents to $91.99 per barrel in morning trading in New York. In London, Brent crude rose 48 cents to $112.49.

    Oil prices have been supported by economic stimulus measures and tensions in the Middle East, but traders are increasingly focusing on the weakness in world economies that prompted the stimulus measures.

    The average retail price of a gallon of gasoline in the U.S. fell less than a penny to $3.79 per gallon. The price has fallen 8 cents over the past two weeks, but it is still higher than ever before for this time of year.

    Loading...

    More Business News

     

    News for You »

    • Florida high school suspends teacher for touching girl on head with banana

      Is a cigar sometimes just a cigar? That debate will remain unresolved, but The Daily Caller can say with confidence that a banana is definitely not always just a banana at North Marion High School near Ocala, Fla.

    • Why We Can't Forget That Oklahoma's Senators Voted Against Sandy Relief

      Nearly four months ago, Oklahoma Senators Tom Coburn and James Inhofe both voted against H.R.152, the Disaster Relief Appropriations Act that eventually sent $50.5 billion in relief to victims of Hurricane Sandy. And in the flurry of last night's devastation in Moore, Oklahoma. it was impossible not to forget that fact, knowing the federal government would soon rally to the cause.

    • Every Tornado in Moore Since 1893, Mapped

      See full coverage

    • Can you pass a Bill of Rights quiz?

      How much do you know about the basic facts about the Bill of Rights? Take our 10-question quiz and find out now!

    • 18-year-old’s invention can recharge a cell phone in 30 seconds

      A teenager from Saratoga, California took home one of the top prizes at the Intel International Science and Engineering Fair late last week after showing off her invention, which can fully charge a cell phone in 30 seconds or less. Eesha Khare was given the Intel Foundation Young Scientist Award and a $50,000 prize for being runner-up in the competition, which was won by a 19-year-old who unveiled a new spin on self-driving car technology. Khare’s battery technology requires a new component to be installed inside the phone battery itself, and Intel notes that it also has potential applications for car batteries.

    • Utah man, brother suspects in wife's disappearance

      WEST VALLEY CITY, Utah (AP) — Newly released police records show that Utah officials believe Josh Powell likely killed his wife and that his brother, Michael Powell, helped dispose of the body, but authorities felt they didn't have enough evidence to prove that theory in court.

    • File: Josh Powell had affair before wife vanished

      WEST VALLEY CITY, Utah (AP) — Newly released police files say Josh Powell had an affair with a Utah woman just months before his wife disappeared.

    • Teens Are Turning Away from Facebook Because Tumblr Is Real, and Parent-Free

      Teenagers really are over Facebook. In February the social network warned investors that "our younger users ... are aware of and actively engaging with other products and services similar to, or as a substitute for, Facebook." And in April the investment bank Piper Jaffray reported that products and services like Tumblr and Twitter were further eroding Facebook's dominance among the Justin Bieber set. But why? In a deep report published on Tuesday, Pew Research explains that teenagers departing the social network's blue confines are looking for something more... real. ...

    Show More
    Loading...

    Follow Yahoo! News

    Brought to you byYahoo! Finance