MARKET WATCH: NYMEX crude oil drops modestly on inventory report

Crude oil prices dropped modestly, settling under $53.80/bbl on Dec. 29 after a weekly US government report showed an increase in US crude oil inventories and with uncertainty about supply and demand in the coming year. Source: News

Kasich vetoes bill with oil, gas property tax exemption expansion

Ohio Gov. John R. Kasich vetoed a state senate bill that included an expansion of the state’s exemption from the sales tax of tangible personal property tax directly used in the production of oil and gas that was retroactive to 2010. Source: News