Oil drops below $95 a barrel as dollar rises

The price of oil dropped below $95 a barrel as a strengthening dollar made crude more expensive for traders using other currencies.
In Europe, benchmark crude for June delivery was down $1.74 to $94.65 a barrel in electronic trading on the New York Mercantile Exchange.
Since oil is traded in dollars, a stronger dollar makes crude and other commodities less appealing to investors with other currencies.
Recent signs of improvement in U.S. employment data have sparked speculation that the Federal Reserve might scale back its aggressive monetary policy.

Vehicles queue for 8 hours for fuel in New York

About one week after Superstorm Sandy, survivors are becoming ever more desperate for fuel, bickering over their place in the queue at gas stations and even brandishing firearms to get what they need. Fuel shortages have become even direr, prompting some opportunist convenience store owners to charge as much as $6 a gallon.

Along the New Jersey turnpike, cars lined up for miles in the hope of getting fuel. By 7.30am the cars have lined up around two blocks. By 10.30am there were more than 100, engines stilled, drivers out, waiting. On the forecourt, people huddled holding their gas cans, water bottles, as many containers they could carry or load onto a trolley.

People tweeted asking for information on open gas stations; others tweeted when they found them or moment by moment as they closed. A Facebook page was set up to track what was open, what was closed, when gas was perhaps being delivered, how long the queue to get it.