Oil rises on demand hopes, supplies concerns
NEW YORK (Xinhua) — U.S. crude price rose on Friday on hopes for demand increase and continuing supplies concerns.
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Shopping season boosts U.S. stocks
NEW YORK (Xinhua) — U.S. stocks soared on Monday, with the S&P 500 snapping a seven-day losing streak, as investors were encouraged by strong holiday sales and new hopes for a more radical European debt solution.
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Oil falls on debt woes
NEW YORK (Xinhua) — U.S. crude oil price fell on Monday as the United States as well as Europe struggled to deal with their lingered debt problems.
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U.S. oil surges on Seaway pipeline reversal plan
NEW YORK (Xinhua) — U.S. crude oil price surged on Wednesday as news said there were plans to reverse the Seaway pipeline that currently moves oil from the Gulf Coast to the oil storage hub at Cushing.
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Oil up in Asia as Berlusconi says will resign
SINGAPORE (AFP) – Crude rose in Asia Wednesday as markets welcomed Italian Prime Minister Silvio Berlusconi’s announcement that he would resign after Rome adopted key reforms later this month, analysts said.
New York’s main contract, light sweet crude for delivery in December, gained 34 cents to $97.14 per barrel in the afternoon.
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