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Turkey repairs pipeline connecting to Iraqi Kurdistan

Turkey repairs oil pipeline connecting to Iraqi Kurdistan

ISTANBUL (AP) — Turkey’s energy ministry says it has begun repairs to a pipeline transporting crude oil from northern Iraq to the Mediterranean coast. The ministry said Saturday the delivery of crude oil via the Kirkuk-Ceyhan pipeline came to a halt Feb. 17 after it was attacked by militants from the Kurdistan Workers’ Party, or PKK. The PKK launched another ...

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Stocks start week in neutral, but crude rises slightly

Stocks start week in neutral, but crude rises slightly

NEW YORK (AP) — U.S. stocks started off Monday neutral as traders weighed corporate earnings and inaction by the world’s leading economic policymakers. Mining and chemicals companies made the largest gains and health care stocks skidded. KEEPING SCORE: The Dow Jones industrial average lost 17 points to 16,622 as of 10:30 a.m. Eastern time. The Standard & Poor’s 500 index ...

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Stocks open slightly lower on Wall Street

Stocks open slightly lower on Wall Street

NEW YORK (AP) — Wall Street moved slightly lower early Tuesday, potentially ending three days of gains, as commodity prices retreated. Investors remained worried about China, as the country cut the value of its currency against the dollar yet again. KEEPING SCORE: The Dow Jones industrial average fell 104 points, or 0.6 percent, to 16,515 as of 10:14 a.m. Eastern. The ...

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Global stock markets, oil price turn lower

Global stock markets, oil price turn lower

NEW YORK (AP) — U.S. stocks are opening lower as another drop in the price of oil and some weak corporate earnings got trading off to a gloomy start. Oil companies sank along with the price of crude early Friday. Chevron fell 1 percent. Several companies were also falling after releasing weak earnings or outlooks. Deere & Co. and Nordstrom ...

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Oil prices climb third-straight day

Oil prices climb third-straight day

NEW YORK — U.S. stocks rose Thursday as oil prices climbed for the third day in a row while key oil-producing nations discussed cuts in production. Tech and consumer stocks traded higher, led by Amazon and PayPal, while drugmakers fell. Facebook made its biggest leap in two and a half years after it said its profit more than doubled in the ...

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IEA: Oil prices may fall further this year

Oil prices may fall further this year, the IEA says

NEW YORK — The International Energy Agency says oil prices may fall further this year due to low demand, warm winter weather and an oversupply of crude. The organization, which advises countries on energy policy, said in its monthly report Tuesday that global excess supply may reach 1.5 million barrels per day during the first half of the year. “Unless ...

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Energy jobs struggle through oil downturn

Energy jobs struggle through oil downturn

The oil bust is more severe than any downturn in 45 years, according to the Houston Chronicle. Roughly 70,000 energy jobs have been lost so far and oil prices fell below $31 a barrel Monday. U.S. Crude fell to $30.98 a barrel on the New York Mercantile Exchange in morning trading. It was the sixth-straight day of losses in 2016. ...

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Crude oil prices drop more than 1 percent as weak outlook prevails

SINGAPORE (Reuters) – Crude oil futures fell around half a dollar early on Wednesday as the market remained under pressure from slowing demand and high supplies, while forecasts that a cold snap in Europe and the United States would be short-lived also hurt prices. Crude prices have plunged by two-thirds since mid-2014 as soaring output from the Organization of the ...

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