UNLV knocks off No. 1 North Carolina, 90-80 (AP)

LAS VEGAS ? Chace Stanback had a career-high 28 and added 10 rebounds to help UNLV beat top-ranked North Carolina 90-80 on Saturday night in the championship game of the Las Vegas Invitational.

Mike Moser added 16 points and 18 rebounds, Oscar Bellfield had 16 points and nine rebounds, and Anthony Marshall finished with 13 points for the Rebels (7-0).

P.J. Hairston and John Henson each had 15 points for North Carolina (5-1).

After North Carolina took a 42-38 halftime lead, UNLV opened the second half with a 14-0 run as the Tar Heels missed their first 10 shots. The Rebels built a 77-63 lead on Lopez's basket off a rebound with 5:39 left.

Rebels fans stormed the Orleans Arena court after the victory.

The Tar Heels shot 31 percent in the second half.

The Rebels gambled early, shooting their first 10 of 15 shots from 3-point and converting four. But the strategy paid off as the Rebels jumped to a 17-9 advantage.

The Tar Heels then held UNLV scoreless for the next 4 minutes and took their first lead, at 18-17, on Barnes' baseline jumper with 10:30 left in the half.

North Carolina then pushed the advantage to 32-27.

Bellfield had 13 first-half points, hitting 3 of 6 3-pointers.

Even though the game was played at the Orleans Arena, five miles from the UNLV campus, there seemed to be just slightly more UNLV fans as Tar Heels supporters in the 8,000-seat arena.

Source: http://us.rd.yahoo.com/dailynews/rss/sports/*http%3A//news.yahoo.com/s/ap/20111127/ap_on_sp_co_ga_su/bkc_t25_north_carolina_unlv

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Oil near $97 a barrel

NEW YORK (AP) ? Oil rose Friday after a see-sawing session in post-holiday, low-volume trading, but was down slightly for the week.

The benchmark for crude oil in the U.S. rose 60 cents to settle at $96.77 a barrel. It dropped $1.84 on Wednesday, before markets in the U.S. were closed for the Thanksgiving holiday. On the week, however, oil lost 0.7 percent.

Oil had fallen earlier as Europe's debt crisis continues to undermine confidence the continent will avoid recession next year.

In London, Brent crude for January delivery fell $1.38 to settle at $106.40 a barrel on the ICE Futures exchange.

Investor concern that fiscal austerity measures aimed at lowering Europe's debt levels will hurt global economic growth and oil demand has helped pull crude back from above $103 last week.

Uncertainty about contagion spreading from Greece to Portugal, Italy, Spain and Ireland has begun to undermine confidence in Germany and France. The yield on Germany's 10-year bond rose above the 10-year UK government bond for the first time since 2009. And on Friday Standard & Poor's downgraded Belgium's financial standing, citing the country's government stalemate and the looming European recession.

"The eurozone sovereign crisis is starting to threaten the bond markets of even the most solid European economy ? Germany," Barclays Capital said in a report.

In the U.S., meanwhile, the average price for a gallon of gas has fallen to $3.31 (87 cents a liter) from $3.38 in just a week. The discount is an even heftier 20 cents a gallon (3.8 liters) compared with two months ago. In fact, American shoppers driving from store to store on the first weekend of the holiday shopping season are paying some of the lowest prices for gas since late winter.

Even with the recent declines, however, the price of gas is 44 cents a gallon higher than on Black Friday a year ago. Tom Kloza, chief oil analysts at Oil Price Information Service, says Americans are on track to spend $488 billion on gas this year. That will eclipse the record set in 2008 by $40 billion. OPIS said last week that U.S. households have spent 8.4 percent of their income on gasoline this year, up from 6.7 percent in 2010 and 7.9 percent in 2008.

The national average for gasoline peaked just below $4 a gallon ($1.05 a liter) in May.

That may be one reason that malls are bustling this year with shoppers looking marked down cashmere sweaters, videogame consoles, tablet computers and flat-screen televisions. Retailers hope shoppers reinvest their savings at the pump. Kloza estimates that, at current demand, for every 10 cent decline in the price of gas, Americans save a total of $36 million to spend elsewhere.

Kloza says current demand for gas in the U.S. remains "extraordinarily poor." That's the main reason why gas prices are dropping even though oil has risen about $17 a barrel, or 21 percent, in the last two months.

In other Nymex trading, heating oil dropped 3.1 cents to $2.94 per gallon and gasoline futures lost 4.45 cents to $2.5205 per gallon. Natural gas added 5.7 cents to $3.665 per 1,000 cubic feet.

Associated Press

Source: http://hosted2.ap.org/APDEFAULT/f70471f764144b2fab526d39972d37b3/Article_2011-11-25-Oil%20Prices/id-c44961baf9694c469c3c0dd76e3191a6

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