*Oil prices falling

U.S. officials say that current oil stockpiles were adequate to meet supply disruptions, and Saudi Arabia says it's prepared to make up the shortfall in Libyan oil production. Those assurances appear to be helping bring down the price of crude, which at one point was trading at $103.41 a barrel. The latest price is $97.28. The drop in oil is helping bring back the stock market because it lessens the fears that the economy might get derailed. But with less than a half hour left in the session the Dow is still down about 30 points.

*Dow finishes day down 37 points.


More by Mark Lacter:
American-US Air settlement with DOJ includes small tweak at LAX
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Amazon keeps pushing for faster L.A. delivery
Another rugged quarter for Tribune Co. papers
How does Stanford compete with the big boys?
Those awful infographics that promise to explain and only distort
Best to low-ball today's employment report
Further fallout from airport shootings
Crazy opening for Twitter*
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Mark Lacter
Mark Lacter created the LA Biz Observed blog in 2006. He posted until the day before his death on Nov. 13, 2013.
 
Mark Lacter, business writer and editor was 59
The multi-talented Mark Lacter
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