Trade
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Oil falls on U.S. stockpile gain, China concern
Oil traded near its lowest in a week in New York on speculation that an increase in U.S. crude stockpiles signaled slowing demand in the world’s biggest consumer of the commodity. more
Pump prices climb 7 cents
Rhode Island’s gasoline prices rose 7 cents this week. The jump marks the first increase in Ocean State pump prices in 13 weeks, according to AAA Southern New England. more
| 7/16/12
N.B. eyes produce trade with Mexican port city
Unless you grew it yourself, the lime in your summer margarita likely came from Mexico and was trucked across the U.S. border, passing between several brokers and shippers, before making its way up Interstate 95 to the supermarket. more
Oil rises for third day on China speculation, rising equities
Oil rose for a third day, the longest winning streak in a month, as slowing growth in China fueled stimulus speculation and U.S. equities advanced. more
Exporters to gain from Russian trade legislation
Rhode Island exporters stand to gain from a growing Russian market, according to Business Roundtable. more
| 7/12/12
Stocks decline in U.S. as ECB overshadows jobless claims report
U.S. stocks retreated, snapping a three-day advance for the Standard & Poor’s 500 Index, as disappointment over the European Central Bank’s efforts to tame the debt crisis overshadowed improving American employment data. more
Orders to U.S. factories increase for first time in 3 months
Orders placed with U.S. factories rose in May for the first time in three months, easing concern that manufacturing is faltering. more
Gas prices drop 4 cents in R.I.
Rhode Island’s gasoline price dropped 4 cents this week in the 11th consecutive week of declines, according to AAA Southern New England. more
| 7/2/12
Oil declines on Europe concerns after biggest gain since 2009
Oil declined in New York as euro-area unemployment reached the highest level on record, prompting speculation that crude’s surge last week, its biggest in three years, may have been excessive. more
Santander among 28 Spanish banks cut by Moody’s on debt risk
Banco Santander SA and Banco Bilbao Vizcaya Argentaria SA were among 28 Spanish banks downgraded by Moody’s Investors Service, which cited the country’s sovereign debt and rising losses on real estate loans. more
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