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Newspaper
Bluefield Daily Telegraph
Location
Bluefield, West Virginia, United States of America
Date
Aug 01, 2015
Page
13
Crude oil markets close with light sweet crude priced at 47.12 dollars per barrel. Analysts note modest gains amid mixed demand signals and supply stability. The price marks notable movement for the week as traders weigh inventory data and geopolitical factors.
U S stocks closed modestly lower with Exxon Mobil and Chevron tumbling about 5 percent as energy profits sank. The Dow fell 56.12 points to 17689.86, the S P 500 lost 4.71 to 2103.92, and the Nasdaq eased half a point.
A Virginia AG hired witness says Dominion customers should get a total refund of 11.2 million for 2013 and 2014 overcharged base rates. He notes the 2014 law allowing plant costs writeoffs would have raised potential refunds to 188.4 million and that base rates remain about 230 million a year too high, with rate reviews suspended until 2022 by earlier legislation.
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