Oil prices near 72 as supplies remain strong
Oil futures closed near 71.97 a barrel on the NYMEX as inventories rose by nearly 2 million barrels and demand evidence weakened. Brent rose to 75.27 on ICE Futures, marking the first close above 75 this year amid a softer economy and lower refinery utilization.
MENTIONED IN THIS ARTICLE
Sioux Falls
New York Mercantile Exchange
London
Brent
ICE Futures Exchange
Investor
U.S
Energy Department
Energy Information Administration
Slow start to back-to-school shopping pans out
New York analysts say the back-to-school season began sluggishly with retailers’ July sales likely to show weak results. Executives report a foggy outlook as job worries persist and shoppers delay purchases, with August hoped to reveal better demand. Retailers anticipate difficulty restocking popular items.
MENTIONED IN THIS ARTICLE
New York
John Mortis
BMQ Capital Markets
Morris
Craig R. Johnson
Customer Growth Partners
Morality urged in business by US Catholic leader
Cardinal Francis George, archbishop of Chicago and US Bishops president, said the global economic crisis stems from abandoning personal ethics. He called for greater morality in business during the Knights of Columbus convention, warning that efficiency without morality harms markets and nations. A new global economy should aid poor nations and promote development.
MENTIONED IN THIS ARTICLE
Phoenix
United States
Francis George
Chicago
George
Knights of Columbus
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Institute For Supply Management
ISM
Mercantile Exchange
THE
Associated Press
Nati Harnik
Choice
Drexel & Heritage
W. Wadley Ave
Midland
Texas
Anita
Santa FE Square
Odessa
Pai
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