You choose, we deliver
If you are interested in this story, you might be interested in others from The Journal Gazette. Go to www.journalgazette.net/newsletter and pick the subjects you care most about. We'll deliver your customized daily news report at 3 a.m. Fort Wayne time, right to your email.

Business

  • Stocks skid on Ebola, Europe reports
    NEW YORK – It was a rough start to October for financial markets.Disappointing economic news in the U.S. and abroad drove down stocks Wednesday.
  • Truck deals spur auto sales
    DETROIT – Big discounts on pickup trucks kept U.S. auto sales strong in September.General Motors Co. and Chrysler Group led the industry with 19-percent sales increases over last September.
  • Parts ready to fix recalled small cars, GM says
    MILFORD, Mich. – General Motors CEO Mary Barra said the company has enough parts available to fix all the faulty ignition switches that are blamed for at least 23 deaths nationwide.
Advertisement

Oil becalmed above $92 as U.S. inventories rise

BANGKOK (AP) — The price of oil was little changed Thursday as an increase in U.S. inventories kept demand in check.

Benchmark crude for April delivery was down 15 cents to $92.61 a barrel at midafternoon Bangkok time in electronic trading on the New York Mercantile Exchange. The contract rose 13 cents to finish Wednesday at $92.76.

Crude inventories increased by 1.1 million barrels, or 0.3 percent, to 377.5 million barrels, according to the weekly report Wednesday from the Energy Department's Energy Information Administration. That was less than half the increase expected by analysts.

Still, supplies are 9.5 percent above year earlier levels, which likely kept traders' enthusiasm to buy in check.

Brent crude, used to price many kinds of oil imported by U.S. refineries, rose 18 cents to $112.05 on the ICE Futures exchange In London.

In other energy futures trading on the Nymex:

— Wholesale gasoline was down 2 cents at $3.086 a gallon.

— Heating oil was nearly unchanged at $2.985 a gallon.

— Natural gas rose 0.6 cent to $3.44 per 1,000 cubic feet.

Advertisement