Commodities

Oil prices up slightly on pipeline outage support

Oil prices rose almost 1 percent on Thursday as a pipeline outage in Britain continued to support prices despite forecasts showing global crude surplus in the beginning of next year.

Global stock markets drop after Fed rate hike

Asian stocks were mostly lower Thursday after the Fed raised rates again as expected, followed by similar moves in China and Hong Kong that dampened investor sentiment.

Business Highlights

___ GOP says it's got a deal on taxes; cuts coming for next year WASHINGTON (AP) — Confident congressional Republicans have forged agreement on a major overhaul of the nation's tax laws.

Business Highlights

___ Tax package would ease hit to residents of high-tax states WASHINGTON (AP) — Congressional Republicans are speeding toward an agreement on a massive tax package that would ease the hit on residents of high-tax states and appease corporations that could have lost precious tax breaks.

Business Highlights

___ Bitcoin futures soar amid frenzy over virtual currency NEW YORK (AP) — Wall Street got its first taste of bitcoin on Monday, with the price of the first-ever futures contract for the digital currency jumping 20 percent.