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Newspaper
Baytown Sun
Location
Baytown, Texas, United States of America
Date
Jul 15, 2004
Page
7
Merrell, a longtime Baytown employee since November 2000 and 12 year Greenville city secretary, is pursuing continued IMC education to join the academy. She earned CMC designation in December 1995 and belongs to the Salt Grass Chapter TMCA and IIMC since November 1988.
In New York crude oil futures rose above 41 dollars per barrel for the first time since early June amid fears of terrorist attacks on oil facilities and tighter inventory data. Early trading showed declines before prices surged on reports foreign tankers are avoiding Iraqi export terminals due to security concerns.
The FBI alert to local law enforcement and traders cited overseas attacks as a sign terrorists target energy facilities. Amid tight inventories, analysts warned any threat can spike prices as August crude rose to around 41 a barrel while Brent climbed to 38.54. DOE data showed a 2.4 million barrel weekly crude draw, underscoring lean stocks and solid demand.
U.S. stocks fell as lower than expected retail sales and Intel’s disappointing forecast offset better earnings from McDonald’s and others. The Dow dropped 38.79 to 10,208.80, Nasdaq slid 16.78 to 1,914.88, and S&P 500 fell 3.67 to 1,111.47 amid investor caution and earnings warnings. Analysts praised some results but warned the market remains volatile in a cautious trading range.
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