Despite a record cut in production by OPEC yesterday, continued pessimism over world demand sent crude oil prices down to a near 4.5-year low. Oil prices have fallen more than 70 percent since record highs last July as economic problems cut demand. The AP reported today:
Light, sweet crude for January delivery edged up 47 cents to $40.53 a barrel in electronic trading on the New York Mercantile Exchange by midday in Europe. Earlier, it fell as low as $39.19 — a level not seen since at least July 2004.
Overnight, the contract fell $3.54 to settle at $40.06 a barrel, after touching $39.88.
David Calhoun and Elizabeth “EB” Brooks are the first two employees of Lafayette Central Park Inc., the nonprofit charged with turning Lafayette Consolidated Government’s 100-acre Johnston Street Horse Farm property into a passive public park. Calhoun was named executive director, and Brooks is director of planning and design.
There will soon be a whole lot of shakin’ going on at Benny’s Sportshack Supplement Depot, a new concept by Opelousas native Benny Nele. Located at 2002 Johnston St., the supplement shop, smoothie bar and café, featuring hot off the press paninis and wraps, plans to open in late May.