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👤Arthur Greene
🕔November 16, 2016
Oil explorers in the U.S. state of Texas said they’ve discovered the largest deposit of shale oil in a region known as the Permian Basin.
The so-called Wolfcamp formation, explorers believe, could hold up to 20 billion barrels of oil, worth up to $900 billion.…
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👤Arthur Greene
🕔November 15, 2016
Retail sales rose more than expected in October, according to a Department of Commerce report today.
Sales at U.S. retailers rose more than forecast last month in a broad advance after an even stronger September than initially estimated, showing consumers continue to pump up the economy.…
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👤Arthur Greene
🕔November 15, 2016
Reflecting a substantial increase in fuel prices, the Labor Department released a report today showing a slightly bigger than expected increase in U.S import prices in the month of October.
The import-price index, measuring the cost of goods ranging from Canadian oil to Chinese electronics, rose 0.5% from a month earlier, the Labor Department said earlier today, while economists surveyed expected prices to rise 0.3%.…
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