Oil prices are up a bit in the early going with WTI crude trading at over $99 a barrel. Brent crude is also up a bit and is trading at just over $100 a barrel.
The latest figures from the U.S. Energy Information Administration show U.S. crude inventories up 4.3 million barrels last week. Meanwhile, the International Energy Agency says it is lowering its forecast for worldwide oil demand.
The recent overall drop in crude prices is leading to some relief at the gas pump. AAA says the national average for a gallon of gas is down two cents to $4.28, its lowest price in over a week.
A new report could be good news for the cruise industry. The c-d-c says that boarding cruise ships is now classified as a “moderate” risk, and cruises themselves are ranked as a “level two” threat. The highest risk is level four.
