Oil and Gold News

US oil futures settled marginally lower investors considered up data that showed US crude stockpiles increased in the last week and as worries over possible disruptions to Iraq’s petroleum exports disappeared. European standard Brent crude for August increased 9 cents to finish at $113.30 a barrel on the ICE Futures exchange. In economic news, the…

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Verizon and AT&T Lock Horns

Verizon Wireless will pay $ 3.6 billion (2.7 billion) to U.S. cable operators to buy wireless bandwidth, increasing the pressure on its main rivals and rebatta cards in the industry. The agreement, sealed with a consortium that includes Comcast and Time Warner Cable, should also allow cable operators to resell to their customers mobile services…

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