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BusinessPlus April 23, 2014

The price of oil fell 19 cents to 101.56 US this morning as traders awaited weekly data expected to show rising U.S. crude stockpiles. U.S. crude for May delivery closed at $101.75 Tuesday in electronic trading on the New York Mercantile Exchange, down $1.90 from its close Monday at $103.65. Brent crude, an international benchmark for oil, eased 7 cents to $109.20 on the ICE Futures exchange in London after closing at $109.27. Despite expectations that U.S. supplies may outpace demand, investors worry that fresh sanctions against Russia may disrupt Russian oil and gas exports. Pro-Russian insurgents in eastern Ukraine have occupied government buildings and set up checkpoints in demand of closer ties with Russia. Just hours after U.S. Vice President Joe Biden visited the Ukrainian capital to show support, Ukraine’s acting president ordered security forces to resume operations in the country’s east, raising fears that last week’s international agreement on easing the crisis may be unraveling. In other energy futures trading in New York: — Wholesale gasoline was flat at $3.04 a gallon. — May heating oil was almost unchanged at $2.99 a gallon. — Natural gas for May edged 0.1 cent lower to $4.73 per thousand cubic feet. ...( Read More )

Morning News 105.9 The Region

The price of gas closes in on record highs; a major accident in Caledon sends five to hospital and get ready for major road work on Young between Richmond Hill and Newmarket. Mainly cloudy with showers or flurries activity this morning, giving way to sunny skies and highs High 10. With 105.9...( Read More )

What's Open And Closed, Easter Weekend

Most York Region stores and malls will be closed Friday and Sunday for Good Friday and Easter this weekend. All LCBO and Beer Store outlets will be closed Friday and Sunday and will operate normal hours Saturday. Those that normally close at 6 p.m. today will observe extended hours. For more information...( Read More )

Morning BusinessPlus April 17, 2014 105.9 The Region

Oil flat-lined this morning as the upheaval in Ukraine continued to cancel out a big increase in U.S. oil supplies. Benchmark U.S. crude for May delivery was up 1 cent at $103.77 US a barrel in overnight electronic trading on the New York Mercantile Exchange. The contract rose 1 cent yesterday to $103.76. There...( Read More )

Morning News 105.9 The Region April 17, 2014

It was sea of red eyes and green scarves at St. James Cathedral yesterday; The death tool continues to climb after a ferry capsized off the South Korean coast and you can celebrate the Easter Weekend by digging a little further to buy gas today. On the weather front, look for...( Read More )

Morning News from 105.9 The Region

Winter weather yesterday didn’t deter the crowds at Jim Flaherty’s visitation yesterday; A pedophile has a surprise lunch with York Regional Police and order is restored at a Brampton high school. Look for more spring like weather today with mainly sunny skies and highs of plus 4. The lines were long but...( Read More )

BusinessPlus for April 15, 2014

The price of oil fell today ahead of talks in Switzerland that might help defuse tension between the West and Russia over Ukraine. Benchmark U.S. crude for May delivery was down 68 cents to $103.39 in overnight electronic trading on the New York Mercantile Exchange. The contract rose 31 cents to...( Read More )

Morning News 1059 The Region News

Winter has one last laugh; thousands prepare to say goodbye to Jim and the pre-election spending spree is on. look for cold temperatures with snow today, dropping down to minus 4 this afternoon. with 105.9 The regional News, I’m Bob Pritchard. Old man winter has placed an icy grip across all portions of...( Read More )

TechPlus for April 14, 2014 (click for video)

As much as the transition from winter to summer is always an enjoyable time of year, it does present a raft of problems for smart phone users. Because this is also the time of year when everyone seems to launch their new product offerings, and technology hungry consumers have to...( Read More )

BusinessPlus April 14, 2014 (click for video)

The price of crude oil rose today as escalating Russia-Ukraine tensions and the resignation of Libya’s interim prime minister added to uncertainties about oil supplies. Benchmark U.S. crude for May delivery was up 69 cents at $104.43 a barrel at 0813 GMT in electronic trading on the New York Mercantile Exchange....( Read More )
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If you have a news story for us, e-mail our News Director Mark Holmes at mark@1059theregion.com