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Crude oil prices rise as OPEC meets

Source: United Press International

Vienna : Austria | 2 months ago

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The Organization of Petroleum Exporting Countries last changed production quotas in September, cutting output by 4.2 million barrels a day to support price increases. Recently, IHS Cambridge Energy Research Associates said demand for oil would rise in 2010 for the first time since 2007, the Financial...

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News Stories

Import Prices Rebound 2%

News Source: Asian Wall Street Journal | 2 months ago

Import prices climbed 2% in August from the month before, the Labor Department said Friday. That followed an unrevised 0.7% decline in July, the first drop of the year. Economists surveyed by Dow Jones Newswires had expected a 1.2% gain.
Higher crude oil behind 2% jump in U.S. import prices for August

News Source: MarketWatch | 2 months ago

Higher crude oil prices drove import prices up by 2% in August, the fifth increase in the past six months, the Labor Department reported Friday. Import prices have risen 7.6% so far in 2009 as energy prices have rebounded. Despite the recent gains,...
Gold pulls back after topping $1,000 an ounce

News Source: Sify News | 2 months ago

Metals prices pulled back Wednesday as investors locked in profits from a rally a day earlier...Gold fell after topping $1,000 on Tuesday for the first time since February. Gold is benefiting from higher prices for metals and is also a hedge against...
Futures Movers: Crude contract edges lower but holds at $72 mark

News Source: MarketWatch | 2 months ago

Crude-oil futures edged lower Friday, as traders stepped to the sidelines after four straight higher sessions and shrugged off positive economic data from China. Crude for October delivery was last down 25 cents at $72.02 a barrel in electronic...
Russia tells OPEC: We never promised you anything

News Source: The Globe & Mail | 2 months ago

CL-FT production to record monthly highs and can invest in new fields while crude trades at current levels around $70 (U.S.) per barrel, the country's energy minister said...To say that we do not abide by the rules is not correct.” The Organization...
Oil eases on demand doubts

News Source: CNN | 2 months ago

Oil prices slipped below $72 a barrel on Friday, snapping a three-day winning streak, as investors questioned whether the pace of demand recovery justified current prices. U.S. crude for October delivery fell 13 cents to $71.81 a barrel. "The whole...