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JAN 18, 2013 - San Francisco Chronicle

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Oil little changed, investors weigh global economy

Oil little changed, investors weigh global economy Prices have remained steady at the pump, however, with the average price for a gallon of regular drifting down from $3.31 a week ago to $3.29 on Friday. Global oil demand is expected to rise to 90.8 million barrels a day this year, according to the IEA in Paris, which released its monthly report Friday. Lingering concerns about the U.S. economy may be weighing on crude prices Friday, with lawmakers wrangling over spending cuts and the nation's debt ceiling. The market appears to be sending off signals that some assistance from continued ... Read More

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