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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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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Gold ends a tad lower as dollar rallies, stocks retreat
CHICAGO (Xinhua) — Gold futures on the COMEX Division of the New York Mercantile Exchange retreated on Wednesday, following U.S. equities lower and pressured by the earlier strength in U.S. dollar, as risk appetite continued to be hit amid swelling concern over the debt plaguing the Eurozone.
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Gold declines as dollar gains strength
CHICAGO (Xinhua) — Gold futures on the COMEX Division of the New York Mercantile Exchange on Wednesday retreated after it failed to hold the 1,800-dollar mark, representing the first decline in the latest three trading days, as a stronger dollar pared the appeal of gold as an alternative investment.
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