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Stock market ends great quarter...Oil prices move higher... Offshore drilling rules eased

September 28, 2018

NEW YORK (AP) — The stock market wrapped up its best quarter in almost five years. But stocks struggled to a mixed finish on Wall Street today. The S&P 500 index inched down less than a point to 2,913. The Dow Jones Industrial Average rose 18 points, or 0.1 percent, to 26,458 and the Nasdaq composite added 4 points, or less than 0.1 percent, to close at 8,046. Meanwhile, The Russell 2000 index gained 6 points, or 0.4 percent, to end the day at 1,696.

NEW YORK (AP) — Energy company stock rose today as benchmark U.S. crude climbed 1.6 percent to $73.25 per barrel in New York. At the same time, Brent crude, used to price international oils, added 1.2 percent to $82.72 per barrel in London. In other energy futures, wholesale gasoline added 0.9 percent to $2.10 a gallon. Heating oil rose 1.2 percent to $2.35 a gallon and natural gas fell 1.6 percent to $3.01 per 1,000 cubic feet.

NEW ORLEANS (AP) — The Trump administration is easing rules imposed on offshore oil and gas drilling after the nation’s worst offshore oil spill. An offshore drilling group praises the changes. An environmental group says they raise the risk of more deadly accidents like the 2010 explosion on a drilling rig in the Gulf of Mexico. A notice in Friday’s Federal Register says the revisions will take effect Dec. 27.

NEW YORK (AP) — Facebook says it doesn’t know whether hackers had specific targets in exploiting security vulnerabilities to access some 50 million user accounts. The company says hackers exploited its “View As” feature, which lets people see what their profiles look like to someone else. Facebook says the investigation is continuing.

SAN JUAN, Puerto Rico (AP) — Puerto Rico has tentatively chosen Tesla as one of 13 companies it might form public-private partnerships with as it rebuilds from Hurricane Maria. Officials say the projects include creating an energy storage system, modernizing the island’s water and sewer meters and updating a ferry transportation system. Others short-listed include PowerSecure Inc., a U.S.-based company, and SUEZ, a Paris-based utilities company.

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