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By Phil Flynn |
January 16, 2013
Well it may not have really felt like it to the Canadian oil producers but according to the International Energy Agency 2012 report, the price of oil averaged $112.00 a barrel, the highest price in history.
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By Debarati Roy, Bloomberg |
January 14, 2013
Hedge funds cut bullish commodity positions to the lowest since June before prices rallied to a two-month high on signs of a rebound in Chinese economic growth.
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By Mark Shenk, Bloomberg |
December 31, 2012
Oil in New York rose on optimism that negotiators will reach a last-minute U.S. budget deal that would avert more than $600 billion of tax increases and spending cuts that threaten economic growth.
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By Phil Flynn |
December 17, 2012
With the approaching holiday and the lack of market commitment, oil will continue to stay range bound with an upward bias.
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By Phil Flynn |
December 14, 2012
'Tis the season for natural gas withdrawals. While Frosty is melting away with warm winter temperatures, natural gas supplies are rising.
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By Grant Smith, Fred Pals and Nayla Razzouk, Bloomberg |
December 12, 2012
OPEC kept its production target unchanged for a second time this year as the group’s members judged prices are sufficiently high amid forecasts that supply will outpace demand for their crude in 2013.
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By Phil Flynn |
November 29, 2012
Oil has struggled as it copes with continued demand destruction following Hurricane Sandy, balancing builds in supply with on-going refinery complications.
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By Margaret Cronin Fisk and Allen Johnson Jr., Bloomberg |
November 27, 2012
BP Plc appeared in federal court in New Orleans to answer U.S. charges brought over the 2010 Gulf of Mexico oil spill, entering a not guilty plea that won’t affect its $4 billion criminal settlement with the U.S.
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By Matthew Brown and Rita Nazareth, Bloomberg |
November 19, 2012
Global stocks snapped the longest losing streak in almost a year amid optimism a deal can be reached to avoid automatic U.S. spending cuts and tax increases. Oil led commodities higher. The dollar and Treasuries fell.
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By Phil Mattingly and Margaret Cronin Fisk, Bloomberg |
November 15, 2012
BP Plc reached a settlement with the U.S. government for $4.5 billion that will end all criminal charges and resolve securities claims relating to the worst U.S. oil spill.
