West Texas Intermediate crude capped the biggest weekly advance since July as the U.S. jobless rate dropped to a five-year low, bolstering the outlook for economic growth in the world’s biggest fuel-consuming nation.
U.S. Senator Rand Paul, a potential presidential candidate who has said a bailout of Detroit would occur “over my dead body,” told a business crowd there that cutting taxes and luring immigrants would turn the city’s fortunes.
Tornadoes and thunderstorms that swept across the U.S. Midwest last month will probably cost more than $1 billion in economic losses, led by damage in Illinois and Indiana, according to insurance broker Aon Plc.
The health-care website’s improved performance has both U.S. political parties shifting strategies, with President Barack Obama’s team preparing a January advertising blitz and a wave of celebrity promotions to boost enrollment, allies said.