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Oil Futures

Next Week's OPEC Meeting "Looney Tunes" and the Contango "High Step"

Raymond J. Learsy | Posted 01.12.2009 | Business

Read More: Saudi Oil Minister Ali Al-Naimi, Opec, Oil Futures, Cnbc, Oil, Bloomberg, Stock Market, OPEC Meeting, Jim Cramer, David Letterman, Contango, Business News
Raymond J. Learsy

The ever obliging oil industry commentators and talking heads are falling all over themselves complimenting the Saudis for their seriousness in abiding by its OPEC allocation.

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Do You Still Believe it Wasn't Speculation?

Jeff Madrick | Posted 09.12.2008 | Business

Read More: Financial Futures, The Federal Reserve, Oil Prices, Oil Speculation, Inflation, Oil Futures, Crude Oil Prices, Oil, Oil Futures Trading, Business News
Jeff Madrick

Oil is a financial asset now. It attracts hundreds of billions of dollars of institutional investment. And like all financial assets throughout time, it is given to fashion and fad.

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Oil futures jump to record over $115 on supply concerns

AP | JOHN WILEN | Posted 04.24.2008 | Business

Read More: New York Mercantile Exchange, Oil Prices, $115 Oil, Energy Department, Crude Oil, Crude Oil Prices, Crude Oil Futures, Oil Futures, Business News

NEW YORK — Crude futures made their first foray past $115 Wednesday, propelled to a new record by concerns about how much gas will be available ...

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Oil Jumps on Surprise Supply Drop

AP | JOHN WILEN | Posted 03.28.2008 | Business

Read More: Oil Futures, Oil Prices, Energy Information Administration, $105 Oil, Energy Department, $104 Oil, OPEC Meeting, EIA Report, Eia, Oil, Opec, Business News

NEW YORK — Oil surged Wednesday, rising a remarkable $5 a barrel to a new record over $104 after the government reported a surprise drop in crud...

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Oil Jumps Above $100 on Refinery Outage

AP | JOHN WILEN | Posted 03.28.2008 | Business

Read More: $3 Gallon Gas, Gas Prices, Investors, Oil Futures, Venezuela, Crude Prices, Business News

NEW YORK — Oil futures shot higher Tuesday, closing above $100 for the first time as investors bet that crude prices will keep climbing despite ...

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Oil Again Nears $100 A Barrel

AP | George Jahn | Posted 03.28.2008 | Business

Read More: Oil Prices, Crude Futures, Nigeria, Crude Oil, Oil Futures, Weak Dollar, $100 Oil, Business News

Oil prices edged up Thursday, moving closer to the record $100 a barrel reached briefly a day earlier on escalating violence in Nigeria, a weaker U.S....

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Gas Prices Back At $3 A Gallon

AP | John Wilen | Posted 03.28.2008 | Business

Read More: High Gas Prices, Gas, Crude Oil, Oil Futures, Gas Prices, Retail Gas Prices, Business News

Gas prices rose back to $3 a gallon at the pump Friday, following rising oil futures on concerns about tight inventories and potential supply disrupti...

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Oil Prices Go Up

AP | John Wilen | Posted 03.28.2008 | Business

Read More: Fed Cut, Gas Prices, Federal Reserve, Oil Prices, Interest Rate Cut, Oil Futures, Business News

Oil futures rose Tuesday, but retreated from earlier highs, after the Federal Reserve cut a key interest rate by one-quarter of a percentage point to ...

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OPEC's Dilemma: Raise Or Hold Oil Supply

New York Times | JAD MOUAWAD | Posted 03.28.2008 | Business

Read More: Ali Al-Naim, Oil Futures, Oil Prices, Oil Price News, OPEC News, OPEC Meeting, Abu Dhabi, Opec, Business News

After a year of dizzying gains for energy markets, a rapid fall in oil prices lately is posing a dilemma for OPEC, the oil-producing cartel. Should O...

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