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Oil falls below $51 amid weak consumer spending

posted by makino 1479 days ago in Fundamental, Oil, Consumer

Oil prices fell below $51 a barrel Friday in Asia as investors clung to a month-long trading range amid uncertainty about when the global economy may emerge from a severe recession.

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Crude oil caps third monthy gain

posted by czarinacleopatra 1480 days ago in Oil

Crude oil rose, capping a third monthly gain, on signs that the global economy and fuel demand will recover this year.

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Oil gains capped by Chrysler troubles

posted by Romantiq 1480 days ago in Oil

Oil edged higher in New York, as Chrysler's filing for bankruptcy protection put a damper on hopes for a speedy economic recovery.

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Oil rises on hopes recession is easing

posted by olivia 1481 days ago in Oil

Oil prices climbed toward $USUS51 per barrel as optimism that the US recession was easing boosted markets and raised expectations of a rebound in energy demand from the world's largest consumer.

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Oil climbs on economic recovery bet

posted by tradingpip 1481 days ago in Oil

Light, sweet crude for June delivery settled up $US1.05, or 2.1 per cent, at $US50.97 a barrel on the New York Mercantile Exchange. June Brent crude on the ICE futures exchange settled US79 cents higher at $US50.78 a barrel.

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Oil price climbs towards US$51

posted by Binsonu 1481 days ago in USD, Oil

Oil prices climbed towards US$51 per barrel on Wednesday, supported by rising stock markets and after the Energy Information Administration (EIA) reported a big draw in U.S. gasoline inventories.

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Crude rises despite large inventory build up

posted by 1481 days ago in Oil | admin links Edit

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Oil prices rose Wednesday even though the government reported that the United States is consuming less than it has in years and inventories are bloated with the most surplus crude in nearly 19 years. Still, gasoline prices have largely stagnated

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Oil slips to $49 on swine flu worries

posted by babyblue 1482 days ago in USD, Oil

Oil prices fell for a second straight day Tuesday on fears that the outbreak of swine flu would delay an economic recovery and further dampen energy demand.

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Oil prices dip on new economic fears

posted by jasumine 1482 days ago in EUR, Oil

Crude oil prices fell beneath $50 a barrel again on Tuesday, as pessimism about a recovery in the global economy pushed bulls out of commodity and equity markets across the world.

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Oil, Metals, Grains Drop on Outlook for Demand

posted by realtrade 1482 days ago in Oil, Agriculture, Metals

Crude oil, industrial metals and grains dropped for a second day on speculation a global outbreak of swine flu will derail efforts to shore up econom

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Oil falls to near $49 as swine flu fallout eyed

posted by ananais 1482 days ago in Oil

Oil prices fell to near $49 a barrel Tuesday in Asia as traders mulled how much a global outbreak of swine flu could undermine demand for crude. Benchmark crude for June delivery was down 95 cents to $49.19 a barrel by midday in Singapore, in ele

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Oil prices slide in Asian trade

posted by superpotato 1483 days ago in Oil

Oil prices were lower in Asian trade on Monday as concerns over the weak state of the world economy continued to put a dampener on energy prices, analysts said. New York's main futures contract, light sweet crude for delivery in June, fell $1.65

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