Money Minute: Oil and the McDonald's Diet



BusinessMoney Minute: Oil and the McDonald’s DietMoney Minute: Oil and the McDonald’s DietThe Associated PressOil futures were higher Friday on word Israel has practiced attacking Iran and a growing doubt that China can curb its appetite for fuel. (June 20)AP Money MinuteOil futures were higher Friday on word Israel has practiced attacking Iran and a growing doubt that China can curb its appetite for fuel. Light, sweet crude for July delivery rose $2.69 to $134.60 a barrel, recovering some of the $4.75 that the contract lost Thursday. The Pentagon said the Israeli exercise could have been a demonstration of Jerusalem’s ability to attack nuclear plants. Analysts suggested Thursday’s drop in prices and Friday’s gains were overreactions.——————————————-If you’re waiting for a new Ford pickup, you’re likely to keep waiting. Ford is delaying its new F-150 by two months and cutting third-quarter production by another 50,000 vehicles.The shaky economy may be slamming Ford harder than their five mph bumpers can withstand. The company says it expects this year’s financial results to be worse than last year, when it posted an overall net loss of $2.7 billion. —————————–Supersize me. Not! A Virginia man says he’s lost about 80 pounds in six months by eating nearly every meal at McDonald’s. But not Big Macs, french fries and chocolate shakes. Chris Coleson says his daily intake consisted of salads, wraps and apple dippers… without the caramel sauce.I’m James Limbach with AP Money Minute.

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