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[OIL PRICES] Oil Rises From Six-Week Low as Storm Heads for Gulf of Mexico
Crude oil rose from a six-week low in New York as a tropical storm headed toward the Gulf of Mexico, home to more than a quarter of U.S. oil production. U.S. forecasters said there is a 29 percent cha... — -
[OIL PRICES] London exchange ICE may limit oil trades
Intercontinental Exchange may be forced to limit the size of U.S. oil trades on its London energy market, U.S. Commodity Futures Trading Commissioner Bart Chilton said Friday. Intercontinental, known ... — -
[OIL PRICES] The Oil price profiteering to be curbed at ICE Futures Europe and New York Mercantile Exchange
Two of the world's largest energy exchanges have forced traders to deposit significantly more money when investing to curb volatility in energy markets and drive out speculators. The exchanges and rel... — -
[ENERGY STOCKS] Oil producers rise as crude sets fresh record of $129 a barrel
Chevron pushed to an all-time high for its fourth straight session as part of a bevy of energy stocks moving into new territory Tuesday, with the shares of petroleum producers moving up on the heels o... — -
[UNITED STATES] Oil prices gain while pump prices rise to new high
Oil futures crept higher Monday while retail gas and diesel prices reached new records, adding to the pressure on drivers planning road trips for the coming holiday weekend. Americans are now paying a... — -
WESTERN HEMISPHERE: Schlumberger to buy Saxon Energy Services for $582 million
Schlumberger, the world's biggest oilfield contractor, and First Reserve, an energy industry buyout fund, agreed to acquire Canada's Saxon Energy Services for about $582.1 million to expand in South A... — -
OiL FUTURES: Whose Oil Is the Benchmark?
It was announced last week that world oil prices had set another record. They were talking about the oil types that are traditionally considered the main ones – the American WTI ($119 per barrel) and ... — -
OiL PRICES: Crude oil futures settle above $116
Retail gas prices set new nationwide records today on their seemingly relentless march toward $3.50 a gallon, and diesel prices pushed further above $4 a gallon. Crude futures, meanwhile, surged to a ... — -
OiL PRICES: It is hit $102 as dollar sinks against Euro
Oil prices broke through a new intraday high of $102 a barrel today as a slide in the U.S. dollar prompted investors to pump more money into energy futures as a hedge against inflation. The dollar san... — -
OiL PRICES: Crude Oil Falls on Forecasts U.S. Crude Inventories Increase
Crude oil fell after touching a record yesterday amid forecasts that a U.S. government report due today will show inventories increased in the world's largest energy user. The Energy Department is sch... —
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