- Woman's post about 'Back the Blue' sign in Jackson coffee shop prompts firing from nearby bar (8/15/17)11
- Scott City man dies in motorcycle crash near Millersville (8/13/17)
- Sands Pancake House moving to Morgan Oak location (8/11/17)1
- Cape movie theater to feature recliners, new food and drink options (8/11/17)3
- Stoogefest headliner cancels, cites NAACP travel advisory in Missouri (8/15/17)2
- Teen convicted of shooting area woman in 2015 (8/13/17)
- Man accused of making terror threats against dental office (8/13/17)
- Councilman: Scott City mayor, city administrator resigned (8/15/17)4
- Judge hears Mosby's formerly suppressed confession at Robinson hearing (8/9/17)
- $34 million student housing project on schedule, developer says (8/14/17)2
Iraq agreement to return of U.N. inspectors lowers oil futures
OSAKA, Japan -- Iraq's agreement to the return of weapons inspectors sent the price of oil futures lower Tuesday, easing pressure on OPEC ministers to boost output to ease price increases that had built on fears of war.
The futures price dipped about 4.4 percent initially on London's International Petroleum Exchange before gaining ground to close down about 2 percent on the day.
Lower prices could bolster the arguments of OPEC members who say the oil supply has been adequate but crude prices have been inflated by a "war premium" of $2 to $4 per barrel on concern the United States might soon invade Iraq in an attempt to topple President Saddam Hussein.
OPEC's key player, Saudi Arabia, has not committed itself to raising output or holding steady when the group meets here Thursday. Saudi oil minister Ali Naimi is due into Osaka on Wednesday.
The United States and other large oil importers have been alarmed by prices that hovered near $30 per barrel, which some worry could harm chances for economic recovery. OPEC has been divided about whether now is the time to pump more.