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Crude prices remain steady

2016-04-15 01:00:00| Offshore Technology

Crude futures have stabled after traders were hesitant to take on new positions before the oil producers' meeting on Sunday in order to curb oversupply.

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OPEC's crude oil production increased in March, says survey

2016-04-12 01:00:00| Offshore Technology

Crude oil production of the Organisation of the Petroleum Exporting Countries (OPEC) has increased to 32.38 million barrels per day (Mbpd) in March, gaining 40,000bpd from February, according to a new Platts survey.

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Crude oil futures rise as U.S. drilling falls to 2009 lows

2016-04-11 04:15:23| Oil & Gas - Topix.net

SINGAPORE, April 11 Oil futures on Monday extended sharp rises from the end of last week following a decline in U.S. inventories and drilling, while outages and hopes that exporters could freeze output boosted international prices. U.S. West Texas Intermediate crude futures were trading at $40.17 per barrel at 0002 GMT, up 45 cents or 1.1 percent from their last close.

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U.S. Stocks Edge Higher as Crude Rally Offsets Slump in Biotech

2016-04-09 02:49:56| Biotech - Topix.net

U.S. stocks edged higher, with the Standard & Poor's 500 Index trimming the worst weekly slide in two months, as a surge in crude that boosted energy shares offset a slump in biotechnology shares. The S&P 500 climbed 0.2 percent to 2,047.63 at 4 p.m. in New York, remaining in a range it's held since the Federal Reserve's last policy meeting on March 16. The index rose as much as 0.9 percent Friday, and closed down 1.2 percent in the week, the most since Feb. 5. Equities have swung between gains and losses in the five days as investors search for clues on the strength of the American economy ahead of what is forecast to be the worst earnings season since the financial crisis.

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Wall St Pares Gains As Retailers Tumble; Crude Oil Soars 6%

2016-04-08 20:04:05| Footwear - Topix.net

U.S. stocks pared healthy gains Friday as consumer-discretionary stocks, mainly retail and apparel companies like Gap Inc. ,sank, shifting investors' focus to shaky coming quarterly results. Meanwhile, crude prices were enjoying their best rally since February, aiding a surge in energy companies and offering a countervailing force to the market's laggards.

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