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West Texas Intermediate delivered into Midland, Texas, dropped some 90 cents a barrel and traded at $8.50, $8.75 and $9 a barrel below the front-month light-crude contract. West Texas Sour also fell about 90 cents and traded at $8.50 a barrel below WTI. Mars Sour delivered into Clovelly, Louisiana, slipped about 5 cents and traded at $1 and $1.10 a barrel under WTI.
Weak European economic data and a rise in oil exports from Iraq, Libya and Nigeria have eroded Brent over the past few months, pulling it down by around 14 percent this quarter, the biggest quarterly drop since the second quarter of 2012..
NEW YORK, Sept 24 (Reuters)- Brent crude oil futures dropped below $96 a barrel on Wednesday to a two-year low as rising supply from Africa and Iraq offset mounting tensions in the Middle East and stronger-than-expected growth expectations in China.
SALT LAKE CITY— One of four men injured in a blast at a western Wyoming natural gas storage tank has died, a Salt Lake City hospital official confirmed Wednesday. Marissa Villasenor, a spokeswoman for the University of Utah Hospital, said the worker injured in Tuesday's explosion died overnight at the hospital's burn unit.
AAA Oklahoma said Tuesday that the average price for a gallon of regular self-serve gas in the state is $3.17. Average prices in selected cities in the state range from $3.03 per gallon in Bartlesville to $3.49 in Guymon. Oklahoma City motorists are paying an average of $3.16 per gallon while those in Tulsa are paying just less than $3.07.
CHICAGO, Sept 22- Russia's ban on Western meat imports, in response to sanctions imposed for its role in eastern Ukraine, contributed in part to increased U.S. pork and poultry warehouse inventories in August, an analyst said.
OKLAHOMA CITY— An Oklahoma City-based energy company has unveiled a new formation in south-central Oklahoma that the company's CEO said will elevate the state as an oil producer.
DONEGAL, Pa.— An elderly western Pennsylvania couple is struggling to cope after state officials say a natural gas drilling company's wastewater pond contaminated their drinking water.
OKLAHOMA CITY— The price of gasoline is falling in Oklahoma and AAA Oklahoma says it may continue declining through Halloween. AAA said Tuesday that the statewide average for a gallon of self-serve regular is $3.25— down nearly 3 cents per gallon from last week and down almost 20 cents during the past two months.
WASHINGTON— Cuts to the nation's food stamp program enacted this year are only affecting four states, far from the sweeping overhaul that Republicans had pushed, an Associated Press review has found. As a result, it's unclear whether the law will realize the estimated $8.6 billion in savings over 10 years that the GOP had advertised.
WASHINGTON, Sept 16- Pipeline operator TransCanada Corp is likely to haul Canadian oil sands crude by rail whether or not its embattled Keystone XL pipeline project is finally approved by Washington, the company's chief executive said on Tuesday.
NEW YORK, Sept 11- U.S. stocks were down slightly in late afternoon trading on Thursday following a decline in biotechnology shares, but gains in financials helped to limit the day's losses. Shares of JPMorgan Chase were up 0.8 percent, while shares of Bank of America were up 1.1 percent, the two biggest positives on the S&P 500..
President Obama authorizing air strikes in both Syria and Iraq, though the groups have been strong outperformers so far this year.
NEW YORK, Sept 11- U.S. stocks fell on Thursday, dropping in a broad decline that saw the number of companies hitting 52- week lows outnumber the companies hitting highs for the first time since early August.
NEW YORK, Sept 11- U.S. stocks were lower in early trading Thursday as a weak jobless claims data pushed investors to continue taking profits in a market that had rallied to repeated records. The day's losses were modest but broad, with nine of the ten primary S&P 500 sectors lower.
*Saudi says cuts output, but overall OPEC supply rises. NEW YORK, Sept 10- U.S. crude futures fell to a 16- month low and Brent to a 17- month low on Wednesday on rising supply and tepid demand and as OPEC lowered projected demand for its crude and data showed U.S. refined product stocks jumped.
*Saudi says cuts output, but overall OPEC supply rises. LONDON, Sept 10- Oil dropped to a 17- month low close to $98 a barrel on Wednesday as rising supplies and weak demand helped extend losses into a fifth session, while OPEC lowered the projected demand for its crude and U.S. product stocks jumped.
*Saudi says cuts output, but overall OPEC supply rises. LONDON, Sept 10- Oil dropped to a 17- month low below $99 a barrel on Wednesday as rising supplies and weak demand helped extend losses into a fifth session, while OPEC lowered the projected demand for its crude.
LONDON, Sept 10- Brent crude dropped to a fresh 16- month low below $99 a barrel on Wednesday with rising supplies and weak demand helping extend losses into a fifth session.
Sept 8- A federal lawsuit filed on Monday accuses Walt Disney Co, Sony Pictures and other leaders in special effects and animation of conspiring to suppress wages in the industry through "no-raid" agreements.