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By Christine Harper and Daniel Kruger, Bloomberg |
April 4, 2013
Primary dealers, the select group of banks and brokers that have held a seat at the center of the U.S. government debt market since 1960, are losing influence.
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By Asjylyn Loder, Bloomberg |
April 2, 2013
China is on course to overtake the U.S. as the world’s top crude importer by 2014, as the Asian country’s growing refining capacity boosts demand and America’s fracking boom cuts the need for foreign oil, OPEC said today.
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By Phil Flynn |
April 2, 2013
While manufacturing reported weakness caused a drop in oil, heating oil led a product comeback. Yet it was natural gas that quietly closed above $4.00 that was perhaps the most interesting move of the day.
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By Phil Flynn |
March 14, 2013
In the past when OPEC’s back has been against the wall, like the late-1990s, energy prices and demand rebounded to save them from the ash heap of history. Yet this time may be different. Why? Because OPEC is not the only game in town!
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By Mark Shenk, Bloomberg |
March 13, 2013
West Texas Intermediate oil pared gains after an Energy Information Administration report showed that U.S. inventories gained last week as production rose.
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By Phil Flynn |
March 13, 2013
Oil prices are trying to find their seasonal bottom. A bounce yesterday on strong retail sales and happy talk out of Europe, seemed to give the complex a technical bounce.
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By Moming Zhou, Bloomberg |
March 12, 2013
West Texas Intermediate advanced, narrowing its discount to Brent crude to the lowest level in more than five weeks, as the euro trimmed losses against the dollar and OPEC increased production.
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By Lananh Nguyen, Bloomberg |
March 12, 2013
OPEC boosted its crude production to the highest in three months in February led by increased output from Saudi Arabia and Iraq.
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By Susan Gidel |
March 7, 2013
When the DJIA surpassed its previous all-time high on March 5, 2013, set six years earlier, it followed in the astrological path of its two previous 45-year cycles based on the interaction between Saturn and Uranus, planets that impact financial and economic events.
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By Phil Flynn |
March 6, 2013
When you think of Hugo Chavez, you really have to think of the price of oil because oil put him in power and kept him there. Chavez was swept into power because, among other reasons, the low cost of oil.
