- Cape man gets 8 years for robbery, his first offense (12/7/16)8
- Post-election taunts reported at Jackson schools (12/2/16)28
- Abuse suspect tries to take cop's gun; officer zaps him with Taser and punches his face (12/7/16)3
- Man sentenced to 103 years for murder of Cape woman (12/6/16)4
- Cape may allow residents to keep chickens; residents at meeting push for measure (12/6/16)33
- Burglary suspect apprehended inside Jackson garage (12/4/16)
- Poplar Bluff man accused of enticement, child porn in Scott County sting operation (12/4/16)
- Group seeks to create a neighborhood park on Cape Girardeau's south side (12/7/16)14
- Lt. Gov. Kinder weighs in on Trump's win, his future plans (12/4/16)13
- Cape police warn of 'Grandparent Scam' (12/4/16)
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.