Wednesday, November 30, 2011

Oil rises above $98 in Asia as stock markets gain (AP)

BANGKOK ? Oil prices rose above $99 a barrel Monday in Asia, taking a cue from gains in stock markets after a strong start to the U.S. holiday shopping season.

Benchmark crude for January delivery was up $2.49 to $99.30 a barrel at midday Bangkok time in electronic trading on the New York Mercantile Exchange. The contract rose 60 cents to settle at $96.77 on Friday.

In London, Brent crude was up $2.13 at $107.99 on the ICE futures exchange.

Oil took its cue from Asian and European stocks, which were mostly higher Monday after record 226 million shoppers visited stores and websites during the four-day U.S. holiday weekend starting on Thanksgiving Day. That was up from 212 million last year, according to early estimates by The National Retail Federation.

Reports that France and Germany might circumvent European bureaucracy to get nations using the euro common currency to comply with strict rules for budget discipline also boosted sentiment.

Crude has fallen from above $103 more than a week ago amid investor concern that Europe's debt crisis will undermine global economic growth and oil demand.

In other Nymex trading, natural gas was up 0.3 cent at $3.545 per 1,000 cubic feet. Heating oil added 4.8 cents to $2.99 a gallon and gasoline rose 6.6 cents to $2.52 a gallon.

Source: http://us.rd.yahoo.com/dailynews/rss/energy/*http%3A//news.yahoo.com/s/ap/20111128/ap_on_bi_ge/oil_prices

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Philly calm but 4 arrested in LA after deadlines

Wall Street protesters dance to music as they remain at the camp in front of Los Angeles City Hall in Los Angeles on Sunday, Nov. 27, 2011. Los Angeles Mayor Antonio Villaraigosa stated Friday that the protestors's campsite will be dismantled, beginning at 12:01 a.m. Monday. (AP Photo/Jason Redmond)

Wall Street protesters dance to music as they remain at the camp in front of Los Angeles City Hall in Los Angeles on Sunday, Nov. 27, 2011. Los Angeles Mayor Antonio Villaraigosa stated Friday that the protestors's campsite will be dismantled, beginning at 12:01 a.m. Monday. (AP Photo/Jason Redmond)

A Los Angeles Police officer looks on near the illuminated city hall as a large group of anti-Wall Street protesters remain at the Wall Street protesters camp in Los Angeles shortly after midnight Monday, Nov. 28, 2011. Los Angeles Mayor Antonio Villaraigosa stated Friday that the protestors's campsite will be dismantled, beginning at 12:01 a.m. Monday. (AP Photo/Jason Redmond)

Jeff Rousset holds a sign during a demonstration by Occupy Philly, at Dilworth Plaza, in Philadelphia, Sunday Nov. 27, 2011, in defiance of the city?s 5 p.m. eviction order. A deadline set by the city for Occupy Philadelphia to leave the site where it has camped for some two months passed without scuffles or arrests as police watched nearly 50 demonstrators lock arms and sit at the entrance of Dilworth Plaza. (AP Photo/ Joseph Kaczmarek)

Members of Occupy Philly demonstrate at Dilworth Plaza, Sunday Nov. 27, 2011, in Philadelphia, in defiance of the city?s 5 p.m. eviction order. A deadline set by the city for Occupy Philadelphia to leave the site where it has camped for some two months passed without scuffles or arrests as police watched nearly 50 demonstrators lock arms and sit at the entrance of Dilworth Plaza. (AP Photo/ Joseph Kaczmarek)

A protester yells from a light pole at the Occupy LA camp in Los Angeles on Monday, Nov. 28, 2011. Los Angeles Mayor Antonio Villaraigosa stated Friday that the protestors' campsite will be dismantled, beginning at 12:01 a.m. Monday but police did not enforce the deadline. (AP Photo/Jason Redmond)

(AP) ? Wall Street protesters in Los Angeles and Philadelphia defied orders to leave their months-old encampments, making it through the deadlines without the acrimony that marked earlier forced evictions in other cities.

Protesters chanted "we won, we won" as riot gear-clad Los Angeles police left on Monday, though there were four arrests. Occupy LA supporters asked a federal judge to bar the city from tearing down their encampment.

In Philadelphia, the camp was mostly quiet amid a heavy police presence, and on Monday morning a handful of people marching down one of the city's main business corridors banging drums.

When the camps would be cleared after officials in both cities ordered their removal was unclear.

"There is no concrete deadline," LAPD Chief Charlie Beck said after hundreds of officers withdrew without moving in on the camp. He said he wanted to make sure the removal would be safe for protesters and officers.

"With as little drama as possible," he told reporters.

Police and protesters have clashed in recent weeks, most notably in Oakland, Calif., as officers sometimes used pepper spray and tear gas to shutter camps that officials say have grown more dangerous for public health and safety.

Some of those encampments had been in use almost since the movement against economic disparity and perceived corporate greed began with Occupy Wall Street in Manhattan two months ago.

Elsewhere, nine people were arrested in Maine after protesters in the Occupy Augusta encampment in Capitol Park took down their tents and packed their camping gear after being told to get a permit or move their shelters.

In San Francisco, protesters shouted and chanted as they disrupted a University of California board meeting, forcing officials to move to another room.

The meeting comes after video footage captured a UC Davis police officer pepper-spraying peaceful protesters drew outrage, not just at the school but around the world, and set off a debate about the appropriate use of force.

In Los Angeles, about half of the 485 tents had been taken down as of Sunday night, leaving patches of the 1.7-acre park around City Hall barren of grass and strewn with garbage.

Police turned back after hundreds of Occupy LA supporters showed up at the camp Sunday night as the midnight deadline for evacuation neared. As the night drew on, many demonstrators left.

Protester Julie Levine said she was surprised that police did not move in as the numbers dwindled. "We were fearful," she said. "But we held our numbers and police were on their best behavior."

Officers reopened the streets around 6:30 a.m.

"Let's go get breakfast," said Commander Andrew Smith as he removed his helmet.

The protest was largely peaceful but there were some skirmishes. Four people were arrested for failure to disperse and a few protesters tossed bamboo sticks and water bottles at officers, Smith said. No injuries were reported.

Jim Lafferty of the National Lawyers Guild said he filed a petition Monday in federal court, arguing that a City Council-passed resolution of support for the occupiers protects them from the city's ban on overnight camping.

In Philadelphia, a deadline set by the city for protesters to leave the site where it has camped for nearly two months passed Sunday without any arrests.

Dozens of tents remained at the encampment outside Philadelphia's City Hall on Monday, 12 hours after a city-imposed deadline passed for the protesters to move to make way for a construction project.

Along the steps leading into a Philadelphia plaza, about 50 people sat in lines Sunday with the promise that they would not leave unless they were carried out by authorities. For a time, they linked arms.

But as it seemed that a forceful ouster was not imminent, they relaxed a bit. A police presence was heavier than usual but no orders to leave had been issued.

A few dozen tents remained scattered on the plaza, along with trash, piles of dirty blankets and numerous signs reading, "You can't evict an idea."

Philadelphia Mayor Michael Nutter was out of town Sunday, but his spokesman reiterated that "people are under orders to move."

The mayor had an exchange on Twitter with hip-hop impresario Russell Simmons, who asked Nutter "to remember this is a non-violent movement ? please show restraint tonight." Nutter's response: "I agree."

___

Mulvihill reported from Philadelphia. Associated Press writers John Rogers and Andrew Dalton in Los Angeles, Kathy Matheson in Philadelphia, and Glenn Adams in Augusta, Maine contributed to this story.

Associated Press

Source: http://hosted2.ap.org/APDEFAULT/386c25518f464186bf7a2ac026580ce7/Article_2011-11-28-Occupy-Protests/id-4158ccc3c23f4517a22a7fd68f3fe1e2

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