Oil climbs above 47 as Iraq and Russia jitters persist
Oil prices rose to a record closing above 47 dollars a barrel on the New York Mercantile Exchange amid ongoing turmoil in Iraq and uncertainty over Yukos. Analysts noted signs of potential relief from Iraq, Russia and Venezuela but warned the market remains bullish with tight supply and steady demand. A drop in inventories helped fuel the rally, while peace efforts in Najaf and Russia’s Yukos logistics plans offered cautious optimism. Traders remained wary of renewed fighting and fragile oil flows, with Iraq production dipping to about 900,000 barrels per day from 1.7 million.
MENTIONED IN THIS ARTICLE
Washington
Iraq
Yukos
Russia
Venezuela
Tom Bentz
BNP Paribas Futures
New York
U.S
New York Mercantile Exchange
Energy Department
Peter Beutel
Cameron Hanover Inc
Canaan, Conn
Beutel
Muqtada al-Sadr
Najaf
China
Hugo Chavez
Ened
Organization of Petroleum Exporting Countries
Pentagon extends time for Halliburton to justify bills
The Army Field Support Command granted Halliburton subsidiary KBR a 48 hour window to assess the impact of a 15 percent withholding on a meal services, laundry, mail and housing contract for soldiers in Iraq and Afghanistan. Halliburton, once led by Vice President Dick Cheney, says negotiations continue and disputes the legality of the withholds.
MENTIONED IN THIS ARTICLE
Linda Theis
Army Field Support Command
Rock Island
Army Materiel Command
AFSC
Halliburton
KBR
Sol
Diers
Iraq
Afghanistan
Army
Hall
Officials tout deal to ease flight delays Chicago cap plan to cut O'Hare congestion
Federal officials announced a temporary agreement to ease O'Hare congestion from Nov 1 to end of April. The plan cuts 37 daily peak hour arrivals by United and American, reducing national delays by about 5 percent and improving on time performance. United and American had already agreed to cuts, with broad support sought from other carriers to relieve the gridlock.
MENTIONED IN THIS ARTICLE
Chicago
O'Hare International
O’hare
O'Hare
Federal Aviation Administration
Marion C. Blakey
Transportation
Norman Y. Mineta
United Airlines
American Airlines
Mineta
Washington
FAA
United
American
McDonalds Happy Meal marks 25 years of pairing toys with meals
Kansas City AP Bob Bernstein conceived kids activity with the cereal box idea, birthing the Happy Meal. Tested for two years, it released nationally 25 years ago, expanding to 31,000 restaurants in over 100 countries and driving toy distribution worldwide. Experts credit branding and cross selling as key factors, noting play areas and entertainment alongside meals.
MENTIONED IN THIS ARTICLE
Bob Bernstein
Bernstein Rein Agency
Kansas City
Bernstein
Kansas City, Mo
Bernstein-Rein Advertising Inc
McDonald’s
Happy Meal
Adam
Hanft
Hanft Rabey & Partners
New York
Jay Lipe
Lipe
Also Mentioned on This Page
al-Sadr
Nymex Light Crude
Department of Energy
London
International Petroleum Exchange
Pentagon
Earl T. Grayson
Best Cleaners
N. Grandview
Odessa Ameren
Bath
McDonalds
Richard B. Culbert, M.D
Odessa
Central Drive
Midland
Midland Dr
Odessa.edu
W. University
Texas
Odessa American
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