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1 hour, 13 minutes ago WASHINGTON (Reuters) - The U.S. futures market regulator is investigating whether companies are reporting false oil inventory levels to benefit their trading positions, The Wall Street Journal reported on Thursday.
The paper, quo..
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By Tom Bergin and Melissa Akin 1 hour, 26 minutes ago LONDON/MOSCOW (Reuters) - BP (BP.L) agreed a deal with the oligarch co-owners of TNK-BP on Thursday that overhauls the Russian oil major's management and sets a possible flotation of up to 20 percent..
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By Matthew Robinson 26 minutes ago LONDON (Reuters) - Oil fell below $109 a barrel on Wednesday, weighed down by slowing demand in the United States and other consuming nations and signs the U.S. oil sector would recover quickly from Hurricane Gustav...
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By Ellis Mnyandu 1 hour, 10 minutes ago NEW YORK (Reuters) - Stock index futures rose on Tuesday as oil prices slid below $110 a barrel, easing concerns about the outlook for consumer and business spending.
The slide in oil prices came after a rally in..
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By Jane Merriman 2 hours, 4 minutes ago LONDON (Reuters) - Oil slid to around $108 a barrel on Tuesday after early reports showed Hurricane Gustav had spared major U.S. Gulf oil facilities.
U.S. crude was $107.96 a barrel by 6:51 a.m. EDT, down $7.50 f..
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By Deepa Seetharaman 1 hour, 12 minutes ago NEW YORK (Reuters) - Wall Street is set for another volatile week after the Labor Day holiday, as investors track Hurricane Gustav, the price of oil, key economic data and continued fallout from the credit cri..
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By Matthew Robinson 2 hours, 8 minutes ago LONDON (Reuters) - Oil fell on Monday as Hurricane Gustav showed no signs of picking up more strength as it barrelled toward the Louisiana coast after forcing the shutdown of nine refineries and nearly all U.S...
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By Erwin Seba 2 hours, 50 minutes ago HOUSTON (Reuters) - U.S. energy companies shut nearly all offshore Gulf oil and gas production and raced to bring down flood-prone Louisiana refineries on Sunday ahead of Hurricane Gustav, which threatens to rival t..
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By Erwin Seba 25 minutes ago HOUSTON (Reuters) - U.S. energy companies shut nearly all offshore oil production and were racing to bring down flood-prone Louisiana refineries on Sunday ahead of Hurricane Gustav's landfall, which could rival the wrath of..
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By Erwin Seba 1 hour, 12 minutes ago HOUSTON (Reuters) - Oil and natural gas companies shut down production across the Gulf of Mexico on Saturday to prepare for the worst hurricane to hit the U.S. oilpatch since 2005, as coastal refineries braced for po..
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By Deepa Seetharaman Fri Aug 29, 6:55 PM ET NEW YORK (Reuters) - Wall Street is set for another volatile week after the Labor Day holiday, as investors track the price of oil, key economic data and continued fallout from the credit crisis.
All eyes wil..
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By Matt Daily 1 hour, 49 minutes ago NEW YORK (Reuters) - Alaska Gov. Sarah Palin is seen as a strong advocate for opening new areas to oil drilling, including the Arctic National Wildlife Refuge, but has taken a hard line in negotiations with oil compa..
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31 minutes ago NEW YORK (Reuters) - Stock index futures turned lower on Tuesday, with Wall Street now looking set to add to Monday's drop, as the price of oil cut its earlier losses.
Oil, which had earlier fallen more than $2 a barrel, was down just 50..
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Fri Aug 22, 5:03 PM ET TORONTO (Reuters) - Toronto stocks finished a strong week on a losing note on Friday, retreating on the back of sagging oil and metals prices, with losses offset partly by stronger financial issues.
A 5.4 percent drop in oil pric..
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By Kristina Cooke 1 hour, 25 minutes ago NEW YORK (Reuters) - Stocks index futures edged lower on Monday after Friday's sharp gains as the price of oil rebounded and credit concerns nagged.
Lehman Brothers (LEH.N) shares fell about 10 percent in Europe..
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By Richard Valdmanis Fri Aug 22, 3:35 PM ET NEW YORK (Reuters) - Crude oil prices fell more than 5.4 percent on Friday in the biggest one-day slide since 2004 as dealers turned their focus to rising supply levels and weakening global demand.
A rebound..
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By Richard Valdmanis 34 minutes ago NEW YORK (Reuters) - Oil prices rose 5 percent on Thursday, the biggest gain in more than two months, amid rising global tensions and a weak U.S. dollar.
U.S. crude gained $6.00, or 5.19 percent, to $121.56 a barrel..
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1 hour, 52 minutes ago CALGARY, Alberta (Reuters) - Warren Buffett and Bill Gates, two of the world's richest men, toured Canadian Natural Resources Ltd's (CNQ.TO) Horizon oil sands project near Fort McMurray, Alberta, this week.
According to local med..
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Fri Aug 15, 5:07 PM ET NEW YORK (AFP) - US stocks closed narrowly mixed Friday as falling oil prices tamped down inflation worries and the dollar continued to rally on mounting signs of a slowing global economy.
The Dow Jones Industrial Average advance..
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By Ellis Mnyandu 1 hour, 14 minutes ago NEW YORK (Reuters) - Stock index futures rose on Monday as oil prices cut earlier gains and an easing of geopolitical concerns surrounding Pakistan's leadership underpinned sentiment.
U.S. front-month crude backe..
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