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Newspaper
Odessa American
Location
Odessa, Texas, United States of America
Date
Jan 10, 2007
Page
8
Apple CEO Steve Jobs introduces the iPhone at Macworld and renames the company Apple Inc to reflect its shift to consumer electronics. The device starts at 499 dollars, blends phone music and web, and Apple stock jumps over 6 percent while rivals fall.
Oil prices fell from 18 month lows as mild U S winter reduces heating demand in the Northeast. February crude dropped to 55.69 a barrel on the N YM E after brief dip to 53.88, with Brent at 55.25 on ICE. Funds exiting long positions amplified the slide, says John Simes of Global Futures.
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