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By Moming Zhou | Bloomberg Brent crude dropped from a five-week high as Libya’s National Oil Corp. prepared to resume exports from its Hariga terminal. West Texas Intermediate slipped below $104 on U.S. inventory forecasts. Brent’s premium to WTI shrank. A tanker will arrive at the port in eastern Libya today to load 1 million [...]

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By Christian Berthelsen | The Wall Street Journal Crude-oil prices fell Tuesday on concerns that Chinese energy demand could wane following recent data and as diplomatic talks about Ukraine eased worries about possible supply disruptions. Light, sweet crude for May delivery was down 12 cents, or 0.1%, to $103.93 a barrel on the New York [...]

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By Steve LeVine | Quartz Oil prices have fallen again today thanks in part to a deal this week between Libya’s government and a separatist-minded militia that allowed a key oil terminal to reopen. But there is the potential for an even sloshier market—and lower prices—starting later this month with the largest US exports of crude and oil products in [...]

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By Elizabeth Dilts | Reuters NEW YORK, April 11 (Reuters) – U.S. crude oil rose on Friday, lifted by a positive consumer confidence report that indicated strength in the U.S. economy, while Brent was pulled higher by traders covering short positions before the weekend in case ties with Russia worsened. The International Energy Agency had [...]

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By John Kell | WSJ NEW YORK–Natural-gas futures climbed to a four-week high as traders focused on forecasts calling for another late-season cold snap and fretted about a potentially disappointing storage report due Thursday. Natural gas for May delivery settled up 5.2 cents, or 1.2%, at $4.5860 a million British thermal units, the highest since [...]

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Crude Steady Ahead Of Supply Data

On April 9, 2014 - 10:25 AM By

Michael Calia | Wall Street Journal Updated April 9, 2014 9:45 a.m. ET NEW YORK–Oil futures were nearly flat Wednesday, as observers waited for U.S. weekly crude oil supplies data a day after government analysts scaled back their production outlook for the year. Light, sweet crude for May delivery was down 6 cents, or 0.1%, [...]

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By Moming Zhou | Bloomberg | Apr 9, 2014 8:44 AM MT West Texas Intermediate crude slipped after the Energy Information Administration reported that U.S. supplies surged five times as much as analysts forecast. Futures were little changed in New York. Inventories increased 4.03 million barrels, the EIA, the Energy Department’s statistical arm, said. Analysts [...]

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iNVEZZ.com: Tuesday, April 8th: Crude oil West Texas Intermediate (WTI) and Brent have risen today on renewed tensions over Ukraine as pro-Russia activists declare independence in Donetsk. The increased tensions have raised concerns about oil supplies from Russia – the world’s biggest energy producer. WTI has also increased on speculation of declining US gasoline inventories. [...]

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Aaron Nathans, The News Journal 9:25 a.m. EDT April 8, 2014 Filling up a tank of gasoline is noticeably more expensive these days, but it doesn’t seem to be fazing motorists now used to seeing prices well above $3. The average price of gas in Delaware was $3.54 on Monday, according to AAA Mid-Atlantic. That’s [...]

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By Anna Louie Sussman NEW YORK, April 7 (Reuters) – U.S. oil futures dipped below $100 on Monday, falling more than a dollar a barrel after stock markets tumbled, with Brent crude oil prices losing even more on the prospect of additional supplies from Libya. Wall Street’s S&P 500 stock market index looked to be [...]

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Countering Russia With Natural Gas

On April 7, 2014 - 12:07 PM By

What the coming boost in exports spells for U.S. consumers, gas producers and investors. By Jim Patterson, April 7, 2014 A crisis thousands of miles away in Ukraine is about to have a big impact on the U.S. energy industry, as the Obama administration seeks to offset Russia’s growing influence in Eastern Europe. The White [...]

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By Barbara Powell April 03, 2014 Gasoline futures advanced from a four-week low with U.S. supplies of the fuel at the lowest level since November. Prices rose for the first time in five days. Inventories dropped 1.57 million barrels last week to 215.6 million, according to data released yesterday by the Energy Information Administration, the Energy [...]

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