BANGKOK (AP) — The price of oil continued to climb Thursday, a day after its biggest gain in five months, as recent glum data from the U.S. and Germany boosted expectations of central bank action to shore up the global economic recovery.
Benchmark oil for June delivery was up 26 cents to $91.69 at late afternoon Bangkok time in electronic trading on the New York Mercantile Exchange. Oil had its biggest daily gain since December on Wednesday, as speculation grew that the European Central Bank will cut interest rates next week. The contract jumped $2.25, or 2.5 percent, to finish at $91.43.
NEW YORK (AP) — A sharp decline in the price of oil this month is making gasoline cheaper at a time of year when it typically gets more expensive. It's a relief to motorists and business owners and a positive development for the economy.
Some industry leaders are concerned that shifting opinions and increased legislative action on hydraulic fracturing could hinder their chances to develop Colorado's energy resources, Bloomberg reports.
Dominion Resources Inc. told the Nuclear Regulatory Commission last week that it had removed all nuclear fuel from the reactor at the shuttered Kewaunee Nuclear Plant, the Green Bay Press-Gazette reports.
A Colorado bill to establish a renewable energy mandate for cooperatives has faced a lawsuit and an advertising campaign over whether the bill would incentivize state renewable energy, The Gazette reports.