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Yemeni Protests

Oil Slips Below $108

Brent crude oil slipped briefly below $108 a barrel on Monday after euro zone data showed retail sales declined across the board for the first time in three months, highlighting the fragile nature of Europe's economic recovery and energy demand.The EU statistics office said retail trade volume fell 0.5 percent on the month in June, in line with expectations, following a 1.1 percent rise in May.Investors were also cautious after Iran and the United States signalled a will to improve relations and end a dispute over Tehran's nuclear programme, which has added a risk premium to financial markets and helped prop up oil prices.Brent crude fell $1 per barrel to a low of $107.95 before recovering to trade around $108.40 by 1015 GMT. U.S. light crude oil futures lost 50 cents to $106.44."Euro zone services data were mixed, with Germany not ideal, and China data were not impressive either," said Andrey Kryuchenkov, oil and commodities strategist at VTB Capital. "Hence you see ... extended profi...

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  1. Security Lapses at U.S. Consulate in Libya?

    FNC Middle East expert Walid Phares and Lt. Colonel Robert Maginnis, U.S. Army (Ret.), on the Administration’s handling of the attack on the U.S. Consulate in Libya and the war on terror.

  2. U.S. Foreign Policy the Cause of Middle East Protests ?

    Former CIA Operative Michael Scheuer on the motives behind the recent protests in the Middle East.

  3. Anti-U.S. Protests Spread: KFC Outlet Torched

    Demonstrations against an anti-Islam film continued to spread through the Middle East and other parts of the Muslim world Friday, with protesters breaking into the G...

  4. Boosted by Fed Move, Crude Hits 4-Month High

    Brent crude rose for the seventh straight session on Friday, climbing above $117 a barrel on hopes for stronger global demand for oil after the U.S. Federal Reserve ...

  5. Yemen Uses Water Cannons Against Protesters

    Security forces in Yemen fired warning shots and used water cannons against hundreds of protesters near the U.S. embassy in Sanaa on Friday, a day after demonstrator...

  6. Crude Rises in Asia after Fed Stimulus Decision

    Crude-oil futures rose in Asian trade Friday, in line with strong gains in global equity markets, after the U.S. Federal Reserve announced new monetary stimulus. Ris...

  7. Reports of Arrests in Connection with Attacks on U.S. Consulate in Libya

    FBN’s Rich Edson on reports of arrests in connection with the attacks that killed the U.S. Ambassador to Libya and three others.

  8. OIL FUTURES: Nymex Oil Jumps on Fed Action, Mideast Turmoil

    Crude-oil futures jumped Thursday to their highest level in four months, as traders considered the combined effect of new economic stimulus by the Federal Reserve an...

  9. Middle East Protests Spread

    FOX News contributor Walid Phares weighs in on unrest in the Middle East.

  10. Protests Continue Outside U.S. Embassies in Middle East

    Former CIA covert operations officer Mike Baker weighs in on the U.S. embassy attack in Libya.

  11. McGlowan: Media are Poster Children for Obama

    FNC Contributor Angela McGlowan weighs in on Romney’s response to the protests and violence in the Middle East.

  12. No Casualties Reported in Yemen Protests

    FBN’s Diane Macedo with a pre-market update, plus updates from the protests in Yemen .

  1. Oil Eases Amid China Worries

    Oil prices fell on Friday on worries over a looming Chinese economic slowdown and decades-high oil output in the United States but stayed just above $107 per barrel ...

  2. Lingering Crisis in Cairo Dims Egypt's Economic Outlook

    With Egypt's economy still licking its wounds from the 2011 revolution, the latest political stalemate gripping Cairo and capturing the world's attention threatens t...

  3. OMV 4Q Production Decreased Due to Protests in Libya, Unrest in Yemen

    Austrian oil and gas company OMV AG (OMV.VI) said Friday fourth-quarter production decreased on the quarter due to unrest in Libya and Yemen as well as a planned mai...

  4. Dollar squeeze adds to economic hardship in Sudan

    Scanning his company's 2012 financial statement, El Rashid El Amin Hamid, head of Sudan's biggest pharmaceutical maker, should be celebrating - sales shot up 70 perc...

  5. U.S. Relationship With Egypt at Risk?

    Foundation for the Defense of Democracies’ Clifford May and Center for Security Policy’ Frank Gaffney on how the protests in Egypt could impact the country’s relationship with the U.S. and the Middle East peace process.

  6. Protests Continue Against Egyptian President Morsi’s Powers

    FNC contributors John Bolton and Judith Miller on the protests in Europe and the situation in Syria.

  7. Yemen takes tough sell message to U.S. businesses

    It has to be one of the toughest jobs around - trying to sell U.S. businesses on the investment potential of one of the poorest nations on Earth, a country battered ...

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