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Economy

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Joe Raedle/Getty Images
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100s Of Oil Wells Possible In East-Central Wyoming

GILLETTE, Wyo. (AP) — Hundreds of oil and gas wells could be drilled in the months ahead in an area spanning Converse County and part of Niobrara County.

The U.S. Bureau of Land Management recently completed environmental studies for potential drilling in that area

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Jessica Kourkounis/Getty Images
Jessica Kourkounis/Getty Images
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Oil Steadies Around $92 After 3-Day Slide

The price of oil is steady around $92 a barrel Thursday after three days of losses. But weak economic data from Europe, China and Japan are reinforcing expectations of lower oil demand.

In morning trading, U.S. benchm

Tim Boyle/Getty Images
Tim Boyle/Getty Images
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U.S. Home Sales Jump To Highest Since May 2010

WASHINGTON (AP) — U.S. sales of previously occupied homes jumped in August to the highest level in more than two years, adding momentum to the housing recovery.

The National Association of Realtors says sales rose 7

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David McNew/Getty Images
David McNew/Getty Images
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Drought Effect On Food Prices Yet To Come

The latest consumer price index shows a tiny hike in overall food prices last month.

U.S. Department of Agriculture Food Price Economist, Ricky Volpe says the drought won't effect prices for another two to three months

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David Paul Morris/Getty Images
David Paul Morris/Getty Images
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U.S. Homebuilders Confidence Surges To 6-Year High

LOS ANGELES (AP) — Confidence among U.S. homebuilders rose this month to its highest level in six years and many expect the housing recovery will strengthen in the next six months.

The National Association of Home Builders/Wells Fargo builder sentiment index increased to 40, up from 37 in August

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Jessica Kourkounis/Getty Images
Jessica Kourkounis/Getty Images
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Oil Climbs Above $99; Gasoline At Ave. $3.86

NEW YORK (AP) — The price of oil is rising Monday, adding to a big gain last week after the U.S. Federal Reserve announced new steps to boost the U.S. economy.

Benchmark crude gained 44 cents to $99

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Joe Raedle/Getty Images
Joe Raedle/Getty Images
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U.S. Economy Adds 96K Jobs, Rate Falls To 8.1 Percent

U.S. employers added 96,000 jobs last month, a weak figure that could slow any momentum President Barack Obama hoped to gain from his speech to the Democratic National Convention.

The unemployment rate fell to 8

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Marc Serota/Getty Images
Marc Serota/Getty Images
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Oil Rises As Isaac Plows Through Gulf

Oil prices are rising as Isaac pushes into the heart of the Gulf's oil and refinery operations.

Benchmark crude gained 41 cents to $95.88 per barrel Tuesday in New York.

Forecasters expect Isaac to intensify into a hurricane by the time the storm reaches Louisiana later Tuesday

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Andreas Rentz, Getty Images
Andreas Rentz, Getty Images
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Wyoming Committee Favors Higher Gas, Diesel Taxes

In addition to higher fuel taxes, a committee proposes raising registration fees

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Mark Wilson/Getty Images
Mark Wilson/Getty Images
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Oil Prices Rise On Big Drop In U.S. Supplies

An unexpectedly large drop in U.S. crude oil inventories is driving up the price of oil.

Benchmark oil gained 33 cents to $93.75 per barrel Wednesday in New York. Brent crude increased 97 cents to $115 per barrel in London

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