Jan 2, 2013 by Mark BrooksOil Price Jumps as U.S. Averts Fiscal CliffIn morning trading benchmark crude for February delivery rose $1.14 to $92.96 a barrel on the New York Mercantile Exchange.
Jan 1, 2013 by Mark BrooksCliff Avoided: Congress Staves Off Tax HikesThe bill's passage on a bipartisan 257-167 vote in the House sealed a hard-won political triumph for the president less than two months after he secured re-election while calling for higher taxes on the wealthy.
Dec 31, 2012 by Mark BrooksObama: "It's Not Done""There are still issues left to resolve but we're hopeful Congress can get it done," Obama said at a campaign-style event at the White House. "But it's not done."
Dec 31, 2012 by Mark BrooksAP Sources: Fiscal Cliff Deal EmergingThe deal in the works would return tax rates on families making over $450,000 to 39.6 percent.
Dec 31, 2012 by Mark BrooksReid: 2 Sides Still Apart on Fiscal Cliff DealThe Nevada Democrat says negotiations are continuing.
Dec 31, 2012 by Mark BrooksOil Inches Up as Cliff Deadline ApproachesBenchmark oil for February is up 49 cents to $91.29 per barrel in New York.
Dec 31, 2012 by Mark BrooksProgress Seen in Last-Minute Fiscal Cliff TalksA person familiar with the negotiations says Democrats have offered to extend tax cuts for families making up to $450,000 a year and individuals making up to $400,000.
Dec 31, 2012 by Mark BrooksPoland Investigates Corruption Allegations by U.S. FirmDozens of private apartments and offices have been searched in recent months for evidence of allegations that between 2003-06 employees of the Polish branch of Stryker offered bribes to hospital heads to win tenders worth hundreds of thousands of zlotys, said Leszek Golawski, prosecutor in the southern city of Katowice.
Dec 31, 2012 by Mark BrooksDeal Reached for Stopping Spike in Milk PricesSenate Agriculture Committee Chairman Debbie Stabenow, D-Mich., indicated the House could vote on the bill soon, though House leaders have not yet agreed to put the bill on the floor.
Dec 28, 2012 by Mark BrooksSource: Obama Not Making New Cliff OfferObama instead is spelling out again a plan he says can pass the House and Senate, said the source, who spoke on condition of anonymity because he was unauthorized to speak publicly about the private meeting.
Dec 28, 2012 by Mark BrooksMetals, Oil Follow Stocks Down as Fiscal Cliff ApproachesSilver, palladium, and platinum are down the most, about 1 percent each, despite scattered hints that the economy might be improving.
Dec 28, 2012 by Mark BrooksU.S. Oil, Gas Exploration Rigs Drop by 11 This WeekBaker Hughes said Friday that 1,327 rigs were exploring for oil and 431 were searching for gas.
Dec 28, 2012 by Mark BrooksDollar Rises Versus Euro as Traders Watch Budget TalksTrading was light with many market participants out on vacation between Christmas and New Year's.
Dec 28, 2012 by Mark BrooksWhite House Meeting a Last Try for a Fiscal DealLawmakers and White House officials held out a slim hope for a deal before the new year, but it remained unclear whether congressional passage of legislation palatable to both sides was even possible.
Dec 28, 2012 by Mark BrooksOil Down Slightly as Fiscal-Cliff Talks ContinueIn afternoon trading, U.S. benchmark crude was down 21 cents to $90.66 a barrel.
Dec 28, 2012 by Mark BrooksTrains Playing Major Role in Plains Oil BoomThe move comes as pipeline plans stall and existing pipelines can't keep up with demand.
Dec 28, 2012 by Mark BrooksStrike Averted, For Now, at East Coast PortsA federal mediator announced Friday that an expired contract for workers in the International Association of Longshoremen would be extended for another 30 days while negotiations continue.
Dec 27, 2012 by Mark BrooksGold Edges Higher on Fiscal Cliff FearsFebruary gold rose $3 to $1,663.70 an ounce, a gain of 0.2 percent.
Dec 27, 2012 by Mark BrooksObama Back From Hawaii; Congress Bickers on CliffAdding to the woes confronting the middle class was a pending spike of $2-per-gallon or more in milk prices if lawmakers failed to pass farm legislation by year's end.
Dec 27, 2012 by Mark BrooksDollar Continues to Rise Against the YenThe dollar rose as high as 86.136 Japanese yen, its highest point against the yen since Aug. 16, 2010.
