Energy in America

Oil rises 2 percent on signs rebalancing underway

Oil prices rose about 2 percent on Tuesday, supported by Saudi Arabian export cuts in November and comments from OPEC and trading companies that the market is rebalancing after years of oversupply.

Oil rises 2 percent on signs rebalancing underway

Oil prices rose about 2 percent on Tuesday, supported by Saudi Arabian export cuts in November and comments from OPEC and trading companies that the market is rebalancing after years of oversupply.

Business Highlights

___ P&G, in early vote, fends off activist investor Nelson Peltz Initial voting results show that Procter & Gamble successfully fended off an attempt activist investor Nelson Peltz to capture a seat on its board.

Appeal based on global warming unlikely in activist case

A lawyer for an environmental activist convicted of targeting an oil pipeline in North Dakota said he doesn't think a judge's decision disallowing the threat of global warming as a defense to justify the crime would be grounds for an appeal.

U.S. formally proposes replacing Obama's carbon-cutting plan

The head of the U.S. Environmental Protection Agency released a formal proposal on Tuesday to scrap and replace a plan devised by the agency under former President Barack Obama to reduce greenhouse gas emissions from power plants.

U.S. formally proposes replacing Obama's carbon-cutting plan

The head of the U.S. Environmental Protection Agency released a formal proposal on Tuesday to scrap and replace a plan devised by the agency under former President Barack Obama to reduce greenhouse gas emissions from power plants.