After several rainy and stormy periods over the weekend, we are going to see more breaks for additional sunshine and a daily rain chance all this week. We are currently on the dry-side of an upper disturbance,more>>
A large cluster of storms in the central Gulf is moving northward. Computer models do not develop anything with this feature, but it will provide for abundant rainfall across the Gulf coast this holiday weekend.more>>
While you were sleeping, the Internet never stopped… Here's what's trending today. ‘Exasperated' boy reacts to mom's pregnancy "What were you thinking? This makes no sense… This is exasperating!" Amore>>
While you were sleeping, the Internet never stopped… Here's what's trending today.more>>
I've officially changed course on the Saints quarterback room. Luke McCown, not Ryan Griffin, will be the Saints backup quarterback this year.more>>
Sean Fazende has officially changed course on the Saints quarterback room.more>>
The price of oil extended losses below $99 a barrel Tuesday ahead of the U.S. employment report for September.
By early afternoon in Europe, benchmark U.S. crude for November delivery was down 54 cents at $98.68 a barrel in electronic trading on the New York Mercantile Exchange.
The contract, which expires Tuesday, dropped $1.56 to $99.22 the day before. The much more heavily traded December contract was down 33 cents at $99.35 a barrel.
A jump in U.S. crude supplies weighed on the oil price. The government said Monday, in a report delayed five days due to the government shutdown, that U.S. crude supplies rose by 4 million barrels in the week ended Oct. 11.
"This was the fourth consecutive weekly rise, during which period crude oil stocks grew by 18.9 million barrels, thereby reversing a good half of the destocking seen over the summer months," said a report from analysts at Commerzbank in Frankfurt. "The inventory build is due to still subdued rates of crude oil processing because U.S. refineries are currently carrying out maintenance work."
Analysts at The Schork Report estimated that U.S. commercial crude oil stocks are at the third highest level for October since 1930 and 13 percent above the normal range over the previous decade.
Looking ahead, investors will monitor the September employment report, which was also delayed because of the shutdown. It is due for release later Tuesday and will provide a new cue for energy trading.
U.S. employers are forecast to have added 180,000 jobs, up from 169,000 in August. The unemployment rate is expected to remain at 7.3 percent, which will support arguments in favor of the Federal Reserve continuing its super easy monetary policy.
Brent crude, the international benchmark, was up 59 cents to $110.23 on the ICE Futures exchange in London.
In other energy futures trading on Nymex:
- Wholesale gasoline rose 1.24 cents to $2.6525 a gallon.
- Natural gas dropped 1.9 cents to $3.649 per 1,000 cubic feet.
- Heating oil gained 1.44 cents to $3.0216 a gallon.
(Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)
Thursday, August 28 2014 9:33 AM EDT2014-08-28 13:33:06 GMT
SPARTANBURG COUNT, SC (WYFF) - Fifteen children living in a double-wide trailer were put into protective custody and seven adults were arrested, according to the Spartanburg County Sheriff's Office. Deputiesmore>>
Fifteen children living in a double-wide trailer were put into protective custody and seven adults were arrested, according to the Spartanburg County Sheriff's Office.more>>
Lured to the scene by two women they met on social media, two victims were robbed of their vehicle by three armed men. New Orleans police say that the robbery happened on Thursday morning in the 2700more>>
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