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Newspaper
Bluefield Daily Telegraph
Location
Bluefield, West Virginia, United States of America
Date
Dec 28, 2012
Page
15
Oil traders note light crude clinging to gains as prices finish at 90.92 a barrel amid a steady session. Market observers cite cautious optimism and steady demand expectations supporting the level.
U S stocks closed lower for the fourth straight day amid budget stalemate and weak consumer confidence. The Dow fell about 18 points to 13096, with the S P 500 and Nasdaq slipping as investors await a budget deal. Trading volume was light around 2.8 billion shares as attention shifts to the looming fiscal cliff.
Federal inspectors cited AC&S Inc. at the Nitro plant for 12 serious violations after a worker Rex Wilcoxen died in June while sandblasting. An air hose was hooked to a nitrogen line, causing unconsciousness. Penalties total 42700. Compliance window allows informal conference or contest within 15 business days.
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