Subscribe free to our newsletters via your
. Space Industry and Business News .




OIL AND GAS
Oil prices get lift from consumer spending
by Daniel J. Graeber
New York (UPI) Sep 15, 2015


disclaimer: image is for illustration purposes only

A sign that U.S. consumers were shrugging off concerns about the health of the global economy gave crude oil prices a lift at the start of Tuesday trading.

The U.S. Commerce Department reported consumers were still spending, with retail sales increasing 0.4 percent in August. The U.S. Federal Reserve is reviewing interest rates this week against signs of global growth.

West Texas Intermediate, the U.S. benchmark for crude oil prices, gained about seven tenths of a percent from the previous close to $44.30 per barrel. Brent gained about six tenths of a percent to $46.66 at the start of the trading day in New York.

Early Tuesday gains may be overshadowed by data from the Federal Reserve showing lackluster industrial activity in August.

"Industrial production decreased 0.4 percent in August after increasing 0.9 percent in July," it said in a report Tuesday.

Federal Reserve Chairwoman Janet Yellen warned in May the U.S. economy was still facing headwinds.

Overseas, the Chinese economy has added to the negative pressure for crude oil prices, which is down about 5.8 percent since the start of September for Brent. Beijing has cut key interest rates and devalued the currency in an effort to slow the economic contraction in one of the world's leading performers.

Chinese President Xi Jinping told members of an economic steering company external forces may fuel domestic growth.

"China should be committed to attracting foreign investment and expertise, and improve opening-up policies," he said.


Thanks for being here;
We need your help. The SpaceDaily news network continues to grow but revenues have never been harder to maintain.

With the rise of Ad Blockers, and Facebook - our traditional revenue sources via quality network advertising continues to decline. And unlike so many other news sites, we don't have a paywall - with those annoying usernames and passwords.

Our news coverage takes time and effort to publish 365 days a year.

If you find our news sites informative and useful then please consider becoming a regular supporter or for now make a one off contribution.
SpaceDaily Contributor
$5 Billed Once


credit card or paypal
SpaceDaily Monthly Supporter
$5 Billed Monthly


paypal only


.


Related Links
All About Oil and Gas News at OilGasDaily.com






Comment on this article via your Facebook, Yahoo, AOL, Hotmail login.

Share this article via these popular social media networks
del.icio.usdel.icio.us DiggDigg RedditReddit GoogleGoogle




Memory Foam Mattress Review
Newsletters :: SpaceDaily :: SpaceWar :: TerraDaily :: Energy Daily
XML Feeds :: Space News :: Earth News :: War News :: Solar Energy News





OIL AND GAS
Stanford study proves pipeline replacement programs are effective
Stanford CA (SPX) Sep 14, 2015
Invisible gas leaks from aging or damaged pipelines cost U.S. consumers billions of dollars every year, contribute to global warming, and, in rare cases, cause dangerous explosions. But pipeline replacement programs in cities can cut natural gas leaks by 90 percent, a new Stanford-led study finds. "The surprise wasn't that replacement programs worked," said Rob Jackson, the Michelle and Kevin Do ... read more


OIL AND GAS
Material scientists develop transparent glass 3-D printing technology

Billie Holiday to return to New York stage -- by hologram

Indications of the origin of the Spin Seebeck effect discovered

Digital Fusion Solutions to help U.S. Army with laser project

OIL AND GAS
BAE Systems modernizing Australia's military communications

GSAT-6 military satellite put in its orbital slot

45th SW supports 4th Mobile User Objective System satellite launch

Navy extends satellite support contract

OIL AND GAS
First Ever Launch Vehicle to Be Sent to Russia's New Spaceport in Siberia

US Navy to Launch Folding-Fin Ground Attack Rocket on Scientific Mission

US Launches Atlas V Rocket With Navy Communications Satellite After Delay

FCube facility enters operations with fueling of Soyuz Fregat upper stage

OIL AND GAS
Soyuz ready for liftoff with two Galileo satellites

Soyuz set to launch 2 Galileo navigation satellites

Mission team ready for Galileo launch

China Deploys New Security System to Ensure Safety at Military Parade

OIL AND GAS
Saab teams with Polish company for contract bid

Dutch to buy new Chinooks

First European-built F-35 has maiden flight

Selex ES supplying electronic warfare system for Brazilian helicopters

OIL AND GAS
One step towards faster organic electronics

Teeny Tiny Guardians of Our Chips

Intel putting $50 mn into quantum computing research

Modified bacteria become a multicellular circuit

OIL AND GAS
Sentinel-2 catches eye of algal storm

First global antineutrino emission map highlights Earth's energy budget

SMAP ends radar operations

Russia to Develop Earth Remote-Sensing Satellite System for Iran

OIL AND GAS
Poison in the Arctic and the human cost of 'clean' energy

Mutation protects plants against harmful explosive, TNT

Pollution dispersion in cities improved by trees

India bars Greenpeace from receiving foreign funding




The content herein, unless otherwise known to be public domain, are Copyright 1995-2014 - Space Media Network. All websites are published in Australia and are solely subject to Australian law and governed by Fair Use principals for news reporting and research purposes. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA news reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement, agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. Privacy Statement All images and articles appearing on Space Media Network have been edited or digitally altered in some way. Any requests to remove copyright material will be acted upon in a timely and appropriate manner. Any attempt to extort money from Space Media Network will be ignored and reported to Australian Law Enforcement Agencies as a potential case of financial fraud involving the use of a telephonic carriage device or postal service.