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Tag Archives: wti crude

Crude oil: Are we seeing a short term low?

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Today’s Market Quick take from Eugene Graner at Heartland Investor Services gives us a quick 4 1/2 minute update on the crude oil markets and short term outlook. Inside this 4 ½ minute video, he shows how oil might bounce from some support before the second shoe drops. Today’s low of $47.70 shows a price decline, despite a projection that EIA data ...

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Oil tanker laden with North Dakota crude reaches Netherlands

North Dakota crude reached the Netherlands at the Port of Rotterdam. The Bakken crude shipment, sold by Hess Corp. is the first light crude to be shipped out from the U.S. since the oil export ban was lifted last December. (Image: Bart via Flickr)

BISMARCK, N.D. (AP) — A petroleum tanker laden with 175,000 barrels of North Dakota crude was being offloaded in Europe on Wednesday, the first such overseas shipment of the state’s oil since Congress lifted a 40-year ban on crude exports in December. North Dakota’s congressional delegation and industry officials hailed Hess Corp.’s shipment as a milestone that could open more markets in ...

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Economic pain predicted in Oklahoma amid slumping oil prices

pump jack by Pixabay

OKLAHOMA CITY (AP) — Slumping energy prices and dwindling tax collections already have punched a $1.3 billion hole in Oklahoma’s budget for next year, but there may be more economic “pain on the horizon,” one of the nation’s top ratings agency said Tuesday. Moody’s Investors Service released detailed reports on California, North Dakota and Oklahoma as part of its research ...

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US stocks waver early as investors eye company earnings

The United States flag hangs outside the New York Stock Exchange. (Image: Dan Nelson via Flickr)

U.S. stock indexes wavered between small gains and losses in early trading Wednesday as investors sized up the latest company earnings and deal news. Consumer staples companies were down the most, while health care and financial companies moved higher. KEEPING SCORE: The Dow Jones industrial average rose six points to 18,060 as of 10:07 a.m. Eastern time. The Standard & ...

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US economy slowed to scant 0.7 pct. growth rate last quarter

FILE - In this Tuesday, Jan. 26, 2016, file photo, Jeff Cuvelier, Jorgensen Forge master machinist, left, talks with Gov. Jay Inslee, center, on a tour of the plant in Seattle. On Friday, Jan. 29, 2016, the Commerce Department issues the first of three estimates of how the U.S. economy performed in the October-December quarter. (AP Photo/Elaine Thompson, File)

WASHINGTON — The U.S. economy’s growth slowed sharply in the final three months of 2015 to a 0.7 percent annual rate. Consumers reduced spending, businesses cut back on investment and global problems trimmed exports. The slowdown could renew doubts about the durability of the 6½-year-old economic expansion, though most economists expect growth to rebound in the current January-March quarter. The ...

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Oil lifts shares and bond yields

People walk through the lobby of the London Stock Exchange in London, Britain November 30, 2015. REUTERS/Suzanne Plunkett

NEW YORK – Stocks rose around the world and bond yields edged up on Tuesday as oil rebounded from 11-year lows on prospects for lower temperatures on both sides of the Atlantic. The fall in oil prices has been a major driver of financial markets this year, hammering energy companies, lowering inflation expectations and reinforcing bets on loose monetary policy ...

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Oil prices edge down as slowing demand adds to high output

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SINGAPORE – Crude oil futures came under renewed pressure early on Tuesday as fears of slowing demand added to near-record global production levels, which have already slashed prices by two-thirds since the middle of last year. Front-month U.S. West Texas Intermediate (WTI) futures CLc1 were trading at $36.75 per barrel at 0105 GMT, down 6 cents from Monday’s close. The ...

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