BANGKOK (AP) — The price of oil fell to near $93 a barrel today ahead of quarterly growth figures from the world's biggest economy.
Benchmark oil for June delivery was down 62 cents to $93.02 per barrel at midday Bangkok time in electronic trading on the New York Mercantile Exchange. The contract rose $2.21 to close at $93.64 on Thursday after the U.S. Labor Department said the number of Americans seeking unemployment benefits fell last week by 16,000, suggesting that layoffs have declined.
Traders turned slightly cautious ahead of first quarter U.S. economic growth due later Friday. Economists expect to see a significant improvement from the anemic 0.4 percent growth rate reported for the October-December quarter.
Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
Newport News police officers are in the middle of a massive operation to get wanted criminals out of the neighborhoods. They are rounding up everyone who has an outstanding warrant.
Hampton Roads Transit customers could see higher fares to ride the bus, light rail and ferry.
Running a red light could cost you a hefty fine, even if an officer doesn't pull you over. Cameras are going up at intersections across Hampton Roads, and the most recent went live Monday in downtown Norfolk.