Crude oil puts rose when futures weakened as the U.S. government shutdown continued and the International Energy Agency projected higher North American oil output while trimming its forecast for 2014 global demand.
In a Sonora, Texas, public high- school classroom usually used to teach computer programming and physics, four students are getting Bible lessons from a teacher who doubles as a pastor.
Texas lawmakers are joining the push to curb municipal bonds that push off debt payments for as long as 40 years on loans for public schools built to handle surging enrollment.
Ethanol weakened to a three-week low against gasoline on concern that unrest in the Middle East will disrupt crude supply.
Ethanol futures fell a second day in Chicago amid unease about Europe’s economic recovery and as U.S. production of the biofuel rebounded from a two-year low.
Ethanol’s discount to gasoline narrowed on speculation that the cost of producing the biofuel will increase with rising prices for corn.
Ethanol’s discount against gasoline tightened to the smallest in more than four months on concern that slower corn planting will boost the cost of producing the biofuel.
Ethanol futures fell a second day in Chicago on speculation rain and cooler weather in the Midwest is helping the corn crop and will reduce production costs.
Ethanol futures rose the most this month after corn costs increased for U.S. producers.
Ethanol futures declined for a second day in Chicago as corn and gasoline dropped on signs of lower demand.
"The API numbers last night were very bearish and today's government data might confirm that there was a big gain in supply."
- Dan Flynn on Oct 30, 2013
Flynn Discusses Oil and Energy Markets