Light sweet crude settles at $93.41 a barrel
The market for crude oil shows light sweet crude finishing trading at 93.41 dollars per barrel. Analysts cited steady demand and modest supply adjustments as factors supporting the price level.
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Newspaper
Bluefield Daily Telegraph
Location
Bluefield, West Virginia, United States of America
Date
Jun 21, 2011
Page
8
The market for crude oil shows light sweet crude finishing trading at 93.41 dollars per barrel. Analysts cited steady demand and modest supply adjustments as factors supporting the price level.
Virginia’s exports climbed eight percent in 2010 to 29 billion, ranking 22nd among U.S. states. Integrated circuits led gains while coal and aircraft parts followed. tobacco fell as overseas buyers shifted leaf materials abroad. Canada remained top destination, with China and Singapore also key markets.
U S stocks rose for the third straight session as investors shrugged off Greece debt concerns and focused on value. The S&P 500 gained 0.5 percent to 1278.36, the Dow rose 0.6 percent to 12080.38, and the Nasdaq climbed 0.5 percent to 2629.66. Health care led gains while Morgan Stanley fell.
Lawmakers wrestle with permit fees for Marcellus shale drilling as a new House Senate committee eyes a cooperative regulatory measure. The Department of Environmental Protection may aid, while the Marcellus field deep below West Virginia promises huge natural gas reserves but high costs and regulatory hurdles.
HARLESTON AP West Virginia's congressional delegation stocks lean rich as 2010 financial disclosures show Rockefeller at 86 to 152 million assets, Manchin 3 to 14 million, McKinley similar, Capito 1 to 3 million, Rahall on extension with 2 to 3 million previously.
Charleston AP Travelers on the West Virginia Turnpike will continue to pay tolls with cash. No plans to switch to all electronic systems despite some states moving to gantries. General Manager Greg Barr notes less than 40 percent use E ZPass and the road has lower traffic than cashless peers. Five toll plazas serve the 88 mile stretch between Charleston and Princeton.
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