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  Recovery? Not for the Average Joe! [PRICE Links Video] Recorded 11/25/14 Learn More about the Rogers International Commodity Index® (RICI®) You can reach Phil Flynn at (888) 264-5665 or pflynn@pricegroup.com View All of the PRICE Links Videos The PRICE Links Video Series gives you access to the minds of the industry’s top analysts that [...]

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By SHAWN MCCARTHY – GLOBAL ENERGY REPORTER | OTTAWA — The Globe and Mail Oil traders and producers are bracing for further price declines as ministers from the fractious Organization of Petroleum Exporting Countries prepare to meet in Vienna against the backdrop of a glut in global markets. The OPEC session that starts Thursday is [...]

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New York (Platts) Crude futures settled lower Tuesday as discussions among oil nation officials in Vienna failed to yield a preliminary agreement ahead of this week’s OPEC summit. ICE January Brent settled down $1.35 at $78.33/b. Front-month NYMEX crude finished the day $1.69 lower at $74.09/b. NYMEX December ULSD settled down 7 points to $2.3948/gal. [...]

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By Moming Zhou | Bloomberg Crude futures slid after a meeting between nations supplying a third of the world’s oil failed to result in a pledge to curb output in the run-up to this week’s OPEC meeting. Venezuela, Saudi Arabia, Mexico and Russia said they plan to start quarterly monitoring of oil prices. Today’s talks in Vienna didn’t result in [...]

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By Barani Krishnan | Reuters NEW YORK, Nov 24 (Reuters) – Crude prices pared Monday’s early losses as traders and investors speculated OPEC producers might surprise with an cut output above what market players expect when the producer group meets this week. A extension to Iran’s nuclear talks, which maintains Western sanctions preventing Tehran from [...]

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Oil futures slip ahead of OPEC meeting

On November 24, 2014 - 9:22 AM By

By William Watts | MarketWatch NEW YORK (MarketWatch) — Oil futures drifted lower in choppy trade Monday after the deadline for talks over Iran’s nuclear programs was extended and investors debated whether the Organization of the Petroleum Exporting Countries will move to alleviate a global supply glut by cutting production. Nymex WTI crude oil futures [...]

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Falling Gas Prices Impact US Oil Extraction

On November 21, 2014 - 8:36 AM By

Kane Farabaugh | Voice of America CHICAGO— With the price of oil now less than $80 a barrel, motorists throughout the United States are benefiting from gas prices below $3 a gallon. However, the decreasing price of gas has a downside for the hydraulic fracturing industry in the United States. North Dakota’s economy is on [...]

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By Lynn Doan With gasoline prices sinking to under $3 per gallon, Americans traveling by car this holiday season will have plenty of company on the road. Drivers will make up about 89.5 percent of holiday travelers this year, a gain of 0.1 percentage point from 2013, while air passengers will drop by the same [...]

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Oil prices see new lows after 3% slump

On November 13, 2014 - 4:01 PM By

The Daily Telegraph via Dow Jones newswires | US oil prices fell below $US75 a barrel as US production soared to its highest in decades. US oil production rose above 9 million barrels a day in the week ended November 7, the US Energy Information Administration said. On a monthly basis, average production last exceeded [...]

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Congress fast-tracking Keystone Pipeline vote

On November 13, 2014 - 3:09 PM By

FOX Business Contributor Phil Flynn of the PRICE Futures Group says traders are excited and oil prices are lower on the Keystone Pipeline vote news.   http://video.foxbusiness.com/v/3889715879001/congress-fast-tracking-keystone-pipeline-vote/#sp=show-clips Watch the latest video at video.foxbusiness.com

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Sugar rush and silver linings on CNBC

On November 13, 2014 - 1:58 PM By

As seen on CNBC Squawk Box | Sugar prices are rising as production drops in Brazil, and silver drops to four-year lows. Jack Scoville, Price Futures Group, and George Gero, RBC Capital Markets, discuss. Silver has a very good chance of outperforming next year, says Gero. Watch Video: http://video.cnbc.com/gallery/?video=3000329966

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U.S. Oil Prices Drop Below $75 a Barrel

On November 13, 2014 - 1:17 PM By

By Nicole Friedman | Wall Street Journal U.S. oil prices dropped below $75 a barrel for the first time in more than three years Thursday as traders focused on ample global supplies and soaring production. U.S. oil production rose above 9 million barrels a day in the week ended Nov. 7, the U.S. Energy Information [...]

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