Crude oil hits record highs on supply fears and tensions
Crude futures surged to intraday records on worries over Iraqi disruption and Yukos probes in Russia. U.S. light crude reached $44.30 a barrel on the Nymex and Brent rose to $40.97 on the IPE, with analysts noting potential moves to $50 if disruptions persist.
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London
Iraq
Russia
U.S
New York Mercantile Exchange
Nymex
al-Qaida
Yukos
Organization of Petroleum Exporting Countries
Richard Griffiths
Williams de Broe
Griffiths
Eastern Cornbelt carcass prices slip in steady trading
Eastern Cornbelt prices for carcasses edged lower as bids narrowed across 0.5 to 0.9 inch backfat ranges. Illinois direct hog purchases totaled 15,683 with steady trading and light to moderate demand amid heavy offerings. Hogs by weight ranged from 46.00 to 53.00 while boars sold from 10.00 to 40.00 depending on size.
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Springfield
Illinois
Grain futures rise on CBOT as soybeans slip
Grain futures gained on the Chicago Board of Trade with Wheat for September up to 3.18 a bushel and corn September at 2.21, while oats September rose to 1.29 and soybeans September dropped to 5.65 a bushel, signaling mixed moves across grains.
MENTIONED IN THIS ARTICLE
Chicago
Chicago Board of Trade
Wall Street closes mixed as oil rattles investors
Shares drifted in an erratic session with oil prices oscillating around 44 a barrel. The Dow rose late on the final rally after factory orders and ISM service index beat expectations, but a late fade capped gains as energy costs loom.
MENTIONED IN THIS ARTICLE
New York
Wall Street
New York Mercantile Exchange
Institute of Supply Management
Saving tips for low income to boost retirement
Financial adviser Loucks urges early saving using IRA or 401(k) plans and Roth IRAs for tax free growth. He notes the U.S. Labor Department warns younger workers will likely pay more for retirement and suggests consulting a planner who earns by investment choice to add accountability.
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IRA
U.S. Department of Labor
Loucks
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