tigerhonaker
09-25-2006, 06:52 PM
Associated Press
AP Executive Morning Briefing
09.25.2006, 06:51 AM
The top business news from The Associated Press for the morning of Monday, September 25, 2006:
Oil Prices Plunge Below $60 a Barrel
SINGAPORE (AP) - Oil prices fell below $60 a barrel for the first time in six months Monday amid signs of growing petroleum inventories and after BP PLC said it had received permission to restart the eastern half of Alaska's Prudhoe Bay oil field. "Hedge funds and investors have been bailing out because geopolitical tensions have eased and they also realize that inventories are high during this period of seasonally weak demand at the end of summer," said Victor Shum, an energy analyst with Purvin & Gertz in Singapore.
Gas Prices See 3rd Straight 2-Week Drop
CAMARILLO, Calif. (AP) -U.S. retail gas prices dropped nearly 24 cents a gallon in the past two weeks, the third consecutive decline since a mid-August peak, according to a survey Sunday. The national average for self-serve regular was about $2.42 on Sept. 22, down from about $2.65 two weeks earlier, according to the Lundberg Survey of 7,000 gas stations across the country.
http://www.forbes.com/business/healthcare/feeds/ap/2006/09/25/ap3041608.html
AP Executive Morning Briefing
09.25.2006, 06:51 AM
The top business news from The Associated Press for the morning of Monday, September 25, 2006:
Oil Prices Plunge Below $60 a Barrel
SINGAPORE (AP) - Oil prices fell below $60 a barrel for the first time in six months Monday amid signs of growing petroleum inventories and after BP PLC said it had received permission to restart the eastern half of Alaska's Prudhoe Bay oil field. "Hedge funds and investors have been bailing out because geopolitical tensions have eased and they also realize that inventories are high during this period of seasonally weak demand at the end of summer," said Victor Shum, an energy analyst with Purvin & Gertz in Singapore.
Gas Prices See 3rd Straight 2-Week Drop
CAMARILLO, Calif. (AP) -U.S. retail gas prices dropped nearly 24 cents a gallon in the past two weeks, the third consecutive decline since a mid-August peak, according to a survey Sunday. The national average for self-serve regular was about $2.42 on Sept. 22, down from about $2.65 two weeks earlier, according to the Lundberg Survey of 7,000 gas stations across the country.
http://www.forbes.com/business/healthcare/feeds/ap/2006/09/25/ap3041608.html