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LATEST STORIES
Oil Advances 1.4% to Above $77 on Dollar Weakness
Reuters| Markets
wheat, corn and soybean futures also advanced more than 1%. MARKET OVERSUPPLIED There was little impact from comments by OPEC 's president, Jose Botelho de Vasconcelos, who said the market was still oversupplied, adding that he was satisfied with
Story|11/16/2009
Oil Falls Below $78 After a Rise Inventory
Reuters| Markets
year. Its forecast for 2010 demand at 86.2 million barrels per day is more bullish than two preceding surveys this week from OPEC and U.S. government agency the Energy Information Administration. HIGH STOCKS But analysts said that traders have already
Story|11/12/2009
Oil Rises Above $79 on Weak Dollar, China
Reuters| Markets
s daily oil consumption. A monthly report by producer group OPEC , due later in the day, could also offer clues on the outlook ..... output growth surged to a 19 month high. Oil producer group OPEC is unlikely to change the current output policy significantly
Story|11/11/2009
Oil Jumps $1 Toward $79 on Hurricane, Dollar
Reuters| Markets
other refiners were receiving roughly steady supplies compared with last month. Some in the Organization of the Petroleum Exporting Countries have raised the possibility of an increase in production when the group meets in December
Story|11/09/2009
Oil Rises to $79 on Bullish Factory Data
Reuters| Markets
in the economy that could raise oil demand. OPEC member Venezuela, however, said Tuesday it ..... output when its ministers meet in December. Some OPEC members have signaled they may call for OPEC to produce more crude if global crude stocks
Story|11/03/2009
Oil Climbs Above $78, China Data Supports
Reuters| Markets
a Reuters survey showing OPEC output had declined slightly ..... time production from non- OPEC Russia reached a new post ..... currency falls. Some in the Organization of the Petroleum Exporting Countries have voiced concern dollar ..... latest Reuters survey found OPEC oil supply had fallen slightly
Story|11/02/2009
Exxon Profit Off Sharply, Misses Expectations
| MarketWatch Pulse| Markets
03 a share. Oil-equivalent production increased nearly 3% from the year-ago period. Excluding the impacts of entitlement volumes, OPEC quota effects and divestments, production was up about 5%. Copyright © 2009 MarketWatch, Inc.
Story|10/29/2009
Oil Rises Above $79 Ahead of Inventory Data
Reuters| Markets
consumer. "At this time it (the oil market) is more dependent on the direction of the dollar than it is on whatever the DOE, OPEC , China or even Goldman Sachs has to say," analysts at the Schork Group said in their daily newsletter. Highlighting skittishness
Story|10/27/2009
Oil Slips Below $80 After Hitting 1-Year High
Reuters| Markets
days old, and think that at some point OPEC spare capacity of about 6 million barrels ..... analyst David Wech in a research note. OPEC Secretary-General Abdullah al-Badri ..... is looking for a fundamental story and OPEC is starting to make some noise," said
Story|10/20/2009
Oil Retreats From One-Year High Above $79
Reuters| Markets
in energy use triggered by the financial crisis. " OPEC spare capacity has reached 6 million barrels per day ..... to around 62 days of forward demand, a number the Organization of the Petroleum Exporting Countries previously would have said was around 10 more than
Story|10/19/2009