- Former Cape cop faces stealing-by-deceit charge (6/18/17)3
- Jackson scores high in survey of residents; better streets, Aldi are high priorities (6/20/17)4
- Jackson woman accused of trying to hit another with her truck (6/15/17)
- Marble Hill mayor hires city manager without board approval (6/21/17)2
- Police search for two suspects in abduction, robbery case; victim found unharmed in Scott County field (6/16/17)1
- Cape man faces charges of victim tampering (6/18/17)
- Racial disparity of traffic stops inches upward in Cape (6/15/17)6
- Police: Cape abduction may have ties to Georgia homicide (6/18/17)5
- 3 drown in Southeast Missouri in three days (6/16/17)
- Two men accused of selling meth to undercover cop (6/22/17)
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.