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Wednesday, April 7, 2010 as of 11:14 AM ET

New York Mercantile Exchange

New York Mercantile Exchange

The New York Mercantile Exchange (NYMEX) is a commodity futures exchange owned and operated by CME Group of Chicago.

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Husky Energy Workers Strike At Lima, Ohio, Refinery

Union workers have called a strike at Husky Energy's (HUSKF, HSE.

T) refinery in Lima, Ohio, leaving management to run the 155,000 barrels-a-day plant Friday.The strike is the first called as local unions continue to negotiate with individual refineries over the details of a general contract agreed to by the national United Steel Workers and a consortium of refiners at the end of January. The union has been pushing for stronger safety measures in an industry that has had 18 reported deaths since 2009.Spot prices for Midwest N-grade regular conventional gasoline traded 1.75c up on the day, at a discount of 8c to June Nymex RBOB futures, on worries that the strike could cut into production at the refinery. Traders said some last-minute buying before the weekend also boosted the differentials. The strike news had no impact on trading in Chicago.The refinery produces about 2 billion gallons of refined fuel a year, including about a quarter of the gasoline consumed in the state of Ohio, acco...

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  1. Oil Prices Hit 7-Month Low

    GRZ Energy President Anthony Grisanti on the outlook for oil prices.

  2. Oil Marks First Close Below $90 Since October

    Oil futures closed below $90 a barrel Wednesday, pressured amid worries over the potential for a Greek exit from the eurozone and expectations for a positive outcome...

  3. OIL FUTURES: Crude Ends At 2012 Low On Supply Rise, Demand Drop

    Crude oil futures prices settled at a fresh seven-month low, breaking below $90 a barrel Wednesday, as the latest U.S. weekly oil data showed stockpiles remaining at...

  4. US GAS: Futures Higher As Modest Inventory Build Seen

    Natural gas futures advanced Wednesday ahead of a government survey expected to show a modest addition to gas inventories, as demand from power plants remains elevat...

  5. Oil Marks First Close Below $90 Since October

    Oil futures closed below $90 a barrel Wednesday, pressured amid worries over the potential for a Greek exit from the euro zone and expectations for a positive outcom...

  6. Gold Drops More Than $28 In Third Straight Loss

    Gold futures dropped for a third straight session Wednesday to settle with a loss of more than $28 an ounce as growing expectations for a Greek exit from the euro zo...

  7. Oil, Gold Worsen Decline As Dollar Adds To Gains

    Oil prices dropped under $90 a barrel for the first time since October and gold futures hit a session low Wednesday as gains in the U.S. dollar intensified on the ba...

  8. OIL FUTURES: Crude Weaker On Greece-Euro, Iran Concerns

    Crude oil futures were weaker Wednesday as fresh worries that Greece may exit the euro raised concerns over the health of European economies.After Lucas Papademos, f...

  9. Oil Drops 1%, Gives Back Previous Session's Gains

    Oil futures ended lower Tuesday, giving back nearly all of the gains in the previous session as investors remain concerned about global growth and have not gone back...

  10. Gold Extends Loss To Second Day, Most Metals Lower

    Gold futures ended lower Tuesday, extending losses to a second day under pressure from a stronger dollar and lack of interest from major investors. Gold for June del...

  11. Bolling: Human Element Adds to IPO System

    FNC’s Eric Bolling on the IPO of Facebook and why it wasn’t as successful as the company had hoped.

  12. US GAS: Weather Spurs Rebound In Futures After Sharp Selloff

    Natural gas futures prices rebounded early Tuesday from a sharp selloff a day earlier, with bargain hunters inspired by forecasts for above-normal temperatures in th...

  1. OIL FUTURES: Crude Ekes Out A Gain Ahead Of Long Weekend

    Oil futures eked out a gain Friday, as traders remained wary of staking out large positions following inconclusive talks with Iran and a long weekend in the U.S.Ligh...

  2. Oil Edges Higher But Posts Weekly Loss

    Oil futures inched higher Friday, recouping some of their recent losses but not enough to gain for the week. Oil for July delivery advanced 20 cents, or 0.2%, to $90...

  3. Gold Ends Higher But Notches Weekly Losses

    Gold futures ended higher on Friday, but not enough to notch a weekly gain. Investors seeking some gold ahead of a three-day weekend in the U.S. pushed the metal for...

  4. US Light Products: Gulf Coast Gasoline Discounts Narrow

    Gulf Coast spot gasoline pricing discounts narrowed again on Thursday amid moderate, pre-holiday weekend buying and somewhat on news of a gasoline-making unit shutdo...

  5. CVR Energy Hires Jefferies Group to Assist in Sale

    FBN’s Sandra Smith with an afternoon market update and news that CVR Energy has hired Jefferies Group to help with the company’s sale.

  6. Oil Regains Ground, Up 0.9% After Two-day Loss

    Crude-oil futures rallied nearly 1% on Thursday, regaining some ground after recent steep losses. Oil for July delivery advanced 76 cents, or 0.9%, to end at $90.66 ...

  7. Gold Rebounds, Ends Three-day Losing Streak

    Gold futures ended higher Thursday, recouping some of the previous session's steep losses on the back of a weakened dollar and rising equities. Gold for June deliver...

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