Crude Oil Prices Steady Near Multi-Year Highs

National Average Price for Regular Unleaded Current: $2.752; Month Ago: $2.456; Year Ago: $2.408. National Average Price for Diesel Current: $2.974; Month Ago: $2.677; Year Ago: $2.836

Oil prices steadied on Wednesday after Venezuela raised the prospect of a halt to some crude exports, easing worries about oversupply after reports that the U.S. government had asked Saudi Arabia and some other producers to increase output. Falling Venezuelan oil output helped push crude benchmark Brent LCOc1 to more than $80 a barrel last month, but prices have eased since then on talk of higher supply by other members of the Organization of the Petroleum Exporting Countries. Click Read More below for additional information.

Sun Chemical has acquired the assets and business of Transitions Digital Graphics, LLC. Based in Santa Barbara, Calif., Transitions Digital Graphics is a leader in the development of changeable advertising signage and displays which utilize invisible ink. “Transitions Digital Graphics is a technology company with a compelling advertising display solution that brings an interactive visual experience for consumers,” said Mehran Yazdani, President of Sun Chemical Advanced Materials. “This acquisition will strengthen our strategic initiative in electronic packaging by providing exciting new solutions in point of sale advertising. It also supports our strategy of continued expansion into sustainable high growth, high value markets.” Click Read More below for additional information.