Energy
Oil rallies for third day, shrugging off firm dollar
Oil rose for a third straight session on Friday, supported by a raft of strong economic data from top oil consumer the United States that also boosted U.S. equities, even as the dollar hit a multi-year high.
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Oil rises towards $105, shrugs off firm dollar
Oil climbed towards $105 a barrel on Friday, rebounding from an earlier decline and heading for a small weekly gain, although concern about the strength of demand growth limited the rise.
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Oil ends slightly up, dour U.S. economic data caps gains
Brent June crude oil futures expired slightly higher on Thursday, buoyed by a weaker dollar even as a bevy of slack U.S. economic data capped gains in the stock market.
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Keystone XL oil pipeline bill moves to full U.S. House
The full U.S. House of Representatives will soon begin debate on a bill to approve the Canada-to-Nebraska Keystone XL oil pipeline, a lawmaker said on Thursday after his panel advanced the measure.
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Domestic ethanol production starts to grow again
After seeing their team repeatedly suffer heartbreaking playoff losses, Washington Capitals fans were hoping that this year would be different.
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Brent rises but capped by high jobless claims
Brent oil futures climbed above $104 on Thursday, responding to dollar declines, while a jump in U.S. jobless claims capped gains as they added to the bearish demand outlook.
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Weather report: Northern Texas recovering after tornado outbreak
In the West, temperatures are making the transition to below-normal levels in the northern Rockies, northern Great Basin, and Pacific Coast States. On the Plains, parts of northeastern Texas are in recovery mode, following yesterday’s tornado outbreak—the nation’s deadliest in more than a year. In the Corn Belt, warm weather continues to promote an acceleration of fieldwork. In the South, widely scattered showers are causing only minor fieldwork delays.
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Oil gains $1 on U.S. equity rally
Brent crude oil prices rose by more than $1 on Wednesday, reversing early losses to settle above $103 a barrel and increasing its premium over U.S. crude to the largest in 13 sessions.
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Oil slips towards $102 as euro zone recession deepens
Oil slipped towards $102 a barrel on Wednesday after data showed the euro zone's recession extended to the longest on record, while a stronger U.S. dollar and ample supplies put additional pressure on on the price.
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Brent oil prices fall in light trading
Brent crude oil prices fell on Tuesday after a global energy watchdog described world supplies as "comfortable" and analysts forecast a continued build in the U.S. crude inventory, while gasoline rose 1 percent on expected inventory draws ahead of the summer driving season.
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Oil slips below $103 as IEA sees supply growing
Brent crude oil fell below $103 per barrel on Tuesday, depressed by worries over the prospects for global economic growth and demand after a bearish report from the West's energy watchdog.
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