Despite turmoil, oil prices falling

Crude ample on U.S. output

Posted: August 14, 2014 at 4:49 a.m.

Fighting across Iraq, Libya, Ukraine and Gaza and demand from a growing U.S. economy should mean higher oil prices, analysts say. Yet crude prices have been falling recently.

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Israel, Hamas said to extend truce for 5 days

A displaced Palestinian female stands on the balcony of the U.N. school where her family sought refuge during the war, in Beit Lahiya, in the northern Gaza Strip, Tuesday, Aug. 12, 2014. Tens of thousands of Palestinians have been displaced in the Israel-Hamas war that began July 8, at least 10,000 housing units have been destroyed and many have found refuge at U.N. schools turned into shelters.

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