76°
Baton Rouge, Louisiana
3 Day Outlook
Sun
93°
68°
20%
Mon
81°
66°
40%
Tue
70°
56°
80%

Latest Weather Blog

Follow our weather team on social media

Oil rises as Americans' confidence improves

2 years ago Friday, November 09, 2012 9:07:49 AM CST November 09, 2012 Friday, November 09 2012 Nov 9, 2012 in News
Source: Associated Press

NEW YORK- The price of oil is rising around midday on a report that shows Americans' perception of the economy is improving.

Benchmark crude is up 48 cents to $85.57 around noon EST.

The Thomson Reuters/University of Michigan consumer sentiment index reveals that Americans feel better about the state of the world's largest economy than any point in the last five years.

Elected officials are also speaking Friday about ways to avoid the so-called fiscal cliff, a slew of tax increases and spending cuts that would take effect in January. It's believed that a lack of compromise in Washington on reducing the budget deficit would send the fragile economy back into recession.

Meanwhile, AAA says the nationwide average for gasoline fell to $3.456 a gallon, the lowest since July 21.

More News

comments powered by Disqus

Desktop News

Click to open Continuous News in a sidebar that updates in real-time.
5 Days
Radar
Today
T-Storms
85°
69°
Sun
Partly Cloudy
93°
68°
Mon
AM T-Storms
81°
66°
Tue
T-Storms
70°
56°
Wed
Partly Cloudy
74°
53°