Uncontinued unrust in the middle east and saudi arabia raised the official selling price. Oil closed 2. 5 at 60 a barrel and over 20 at the last month. Jackie deangeles has more at the prices and where they are heading next. Cruise proiss crude prices are deg gravity. Todays priek fueled by geopolitics. Concerns in the middle east as a libyan port was closed by protesters. Technically the crude oil market was showing strength but we needed to get above 60. When you look at the supply situation improving and the pryuia production flat lining in the u. S. That was the factor that needed to take it above 60. Crude had bee flirting with above the 60 level, before it got there it shut down and will that continue. I think that we are over 60 well stay there it will stay there. We get demand for that in the summer and that is demand in the summer for crude oil. I could see 65 to 67 by memorial day. With the start of summer driving season there is a lag of spike in crude and the price at the p
In. But i dont think thats going to stop us from winning. Reporter fans are sending this message to klay. Hurry back, we need you. Reporter abc 7 news. The policy requires a player to pass a series of tests. If the player experiences any concussion symptoms along the way, they have to go back to the previous stage and start over. The protocol also requires the Team Physician to discuss the process with the director of the nbas Concussion Program before clearing a player to return. Hopeful fans in campbell are racing to snag any Warriors Gear they can find. Abc 7 news was there to see them smaching up the hottest items. Hats or anything that says western conference champions. You cant blame the fans for warriors mania. Their team hasnt been to the finals since 1975. And authorities are also out there looking for counterfeit gear that isnt licensed by the nba. Keep in mind abc 7 is the only place can you see the warriors in the finals. Game one is thursday, game two is the following sund
2014, let there be cramer jim, welcome. Happy new year. Happy new year to you, my friend. You have a new book to talk about. Well rejoin you, get thoughts about the year just ahead. Jim cramer, the wise man cramer is going to be here and tell us how to get rich carefully. Carefully. That is the title of the new book. First, sue, check in from the nyse. Hi, ty. Its kind of a tough session right here at the nyse. Jims going to weigh in on that in just a second. Lets set the stage for you. Right now the dow is off of its lows, but we still have a tri e tripledigit decline following last years 23 run to the upside. The s p starting 2014 on the down side as well by almost a full percent, or almost 16 points after a 25 jump last year. And after rising 33 in 2013, the nasdaq starts the new year under some pressure as well, down 34 points. The russell, the broaderbased index which a lot of people are watching, right now down better than a point, better than a percent, rather, and onethird. In
Still a lot of time between now and friday at 8 30 a. M. Eastern time. Weve got a lot to think about this week. Well go to andrew with todays top corporate stories. Good morning. Good morning, becky. We have a number of big corporate stories. Tomorrow gms Ceo Mary Barra is facing a Congressional Panel to try to get to the bottom of the automakers recall crisis. Shell be asked why it took so long for the company to identify and address ignition switch problems. Auto parts maker delphi told investigators gm approved ignition switches for cars that have now been linked to 12 deaths, even though the parts did not appear to meet the companys specifications. And according to a house memo, federal safety regulators decided not to initiate a formal investigation of problems with the ignition switches of chevrolet cobalts and other cars even after investigative groups reported it knew about 29 complaints, four fatal crashes and 14 field reports that showed the problem was preventing air bags fr
The toughest leg of the race came through the bay area on one of the hottest days of the year. This is where the 100 plus mile ride started this morning near raging waters. At the start of the race, it was already 82 degrees. The ride took them through san ramon valley. It was grueling not only for them, but for the spectators as well. Theyre animals. To beable to do this eight days straight be able to do this eight days straight, over 100 miles, the just incredible. Thats right. Riders had support teams helping them stay hydrated along the route. Spectators, on the other hand, had to keep cool and fend for themselves. Dublin is welcoming people who want to escape the heat to its Community Centers to cool off. The air conditioned facilities offer areas to read, watch tv or work on computers. The Dublin Senior Center or the Dublin Public Library with the places togo. Well, chief meteorologist paul deanno found a place to go. He is live with mobile weather. We did see at least one record