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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... — -
OPEC: Organization of Petroleum Exporting Countries keeps Oil Output Unchanged
Organization of Petroleum Exporting Countries decided to keep oil production targets unchanged at its meeting in Vienna today as the slowing U.S. economy threatens to curb energy demand. The decision ... — -
eNergy STOCKS: Oil and gas stocks notched solid gains Tuesday, sustaining a rally built on crude-oil futures' run back above the $100 mark
At the close, the Amex Oil Index (XOI:1,414.11, 37.24, 2.7%) was up 2.7% at 1,414 points, backing down slightly from an intraday high of 1,425, with all 13 components finishing in the plus column. The... — -
OiL PRICES: $101.32 barrel
Crude oil rose to a record $101.32 barrel in New York as investors look to commodities as a hedge against inflation. Oil climbed 4.7 percent yesterday on speculation OPEC will cut output at a meeting ... — -
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... — -
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 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 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 ... — -
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... — -
[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... —
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