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Tag Archives: U.S. crude oil

Stocks edge higher in early morning ahead of Fed minutes

NEW YORK (AP) — Stocks shook off an early loss and are edging higher in morning trading Wednesday as investors wait for minutes from the Federal Reserve’s last policy meeting. They’ll be looking for any hints on whether the Fed will raise interest rates next month. Consumer goods retailers dropped after Target reported weak sales. KEEPING SCORE: The Dow Jones ...

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Cramer – America’s energy abundance fuels freedom in the Middle East

The night lights of the United States as seen from outer space. (Image: NASA)

WASHINGTON, D.C. – Congressman Kevin Cramer made the following comments after media reports disclosed Swiss commodities house Trafigura will begin shipping American crude oil to Israel in the near future. This action comes after the United States released its ban on exporting crude oil as part of the Consolidated Appropriations Act passed in December.  Cramer has long been an advocate in Congress ...

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US markets dive amid global selloff

FILE - This July 15, 2013, file photo, shows a sign for Wall Street outside the New York Stock Exchange. Global markets shuddered again Thursday, Feb. 11, 2016, with bank stocks in particular getting hammered, oil falling further and investors turning to perceived safe havens like gold. (AP Photo/Mark Lennihan, File)

U.S. stocks moved sharply lower early Thursday following steep market declines all around the world as concerns about global economic weakness intensified. Financials stocks were among the biggest decliners as investors worried that interest rates in the U.S. and elsewhere would remain low. KEEPING SCORE: The Dow Jones industrial average fell 173 points, or 1.1 percent, to 15,741 as of ...

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U.S. oil prices edge up as Texas braces for storm

LONDON – U.S. crude oil prices edged up on Tuesday as a tropical storm headed towards the oil-producing state of Texas, but oversupply kept Brent lower. U.S. crude was up 23 cents at $59.75 a barrel at 1354 GMT, staying within a range of $57-$62 per barrel that has been in place since the beginning of May. Brent was down ...

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NYMEX – Crude oil futures steady as firm demand meets ample supply

SINGAPORE – U.S. crude was steady early on Tuesday as firm demand supported prices and ample supply dragged. Robust demand in Asia as well as from the driving season in the United States is being met by near record output, especially from the Organization Of Petroleum Exporting Countries (OPEC), although U.S. production seems to have been peaked, at least temporarily. ...

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Top 5 Bakken stories of the week

Here are the top five stories from Bakken.com for the week of March 21 through March 27. Enjoy! 5. You can go home: Returnees to ND oil boom town here to stay WATFORD CITY, N.D. — Before oil tanker trucks rumbled down the roads at all hours, this town was so quiet that Erin White rode her horse to a deserted ...

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Drop in price of oil affecting Texas jobs

WICHITA FALLS, Texas – While the price per barrel of oil continues its downward trend, the number of unemployment claims by workers in the oil and gas industry has gone up. Texas Workforce Commission data shows 6,814 oil and gas workers filed unemployment claims from Nov. 1-Feb. 19, while the total number of claims filed in the state was almost ...

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