| Erlend Olson Brent ‘Explodes' | | | | A municipal bondissued to finance the construction of |
| Brent crude oil for June settlement was at $85.79 a | | | | publicutility services. These bonds are repaid from the |
| barrel on the London-based ICE Futures Europe | | | | operating revenues the project produces after the |
| exchange, up 9 cents, at 2:15 p.m. Singapore time. | | | | utility is finished. |
| Yesterday, the contract rose 90 cents, or 1.1 | | | | Two other local projects also received state grants: |
| percent, to end the session at $85.70. | | | | -- Habitat for Humanity for Summit County got a |
| Brent traded at a premium of $2.07 a barrel to West | | | | $28,000 state grant to purchase a box truck to |
| Texas futures, versus a discount of 71 cents a | | | | assist in removing re-usable materials from demolition |
| month ago. | | | | sites. The materials will be sold at the Habitat |
| "This report is quite bearish, especially the build in | | | | ReStore on Romig Road in Akron. The nonprofit |
| Cushing which caused the Brent price to explode | | | | group will provide $14,000. |
| against WTI," said Clarence Chu, a trader with | | | | -- PK Crushing of Akron is getting a $148,750 state |
| options dealer Hudson Capital Energy in Singapore. | | | | grant, to be matched by the same amount, to |
| "The market may not be able to rebound if we see | | | | purchase equipment to boost recycling of concrete, |
| a pattern developing where these inventories are | | | | asphalt, brick and block into aggregate base for |
| building." | | | | paving. The project will boost recycling of such |
| Whisper stock | | | | material by 30 percent or 18,000 tons a year. |
| A stock rumored to be the target of a takeoverbid, | | | | The grants will be funneled by the state through the |
| drawing speculators who hope to make a profit after | | | | Summit-Akron Solid Waste Management Authority to |
| the takeover is completed. | | | | the three winners. |
| Utility revenue bond | | | | |