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LOS ANGELES, April 17 (Reuters) – Brent crude oil fell on Thursday after the United States, Russia, Ukraine and the European Union joined to call for an end to the violence in Ukraine, taking some risk premium out of the market, while U.S. oil rose on positive economic data. The joint statement from the four [...]

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By Moming Zhou | Apr 17, 2014 | Bloomberg West Texas Intermediate crude rose to trade above $104 for a fifth day as a report showed fewer Americans than forecast filed applications for unemployment benefits last week. Prices climbed as much as 1 percent. Jobless claims reached 304,000, the Labor Department reported, below the 315,000 [...]

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The Energy Report 4/17/14

On April 17, 2014 - 8:41 AM By

Oil Cure! A surge in US oil supply brought a sense of calm to the oil risk premium but based upon spreads the market is still worried about Ukraine. High level talks are taking place in Geneva to try to find a peaceful resolution to the crisis. While Russian President Vladimir Putin speaks with inflammatory [...]

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By Mark Shenk  | Apr 16, 2014 | Bloomberg Futures rose 0.2 percent in London. Ukraine accused Russia of fueling terrorism in its eastern regions as a move against separatists in the town of Kramatorsk stalled and NATO bolstered the defense of nearby nations. U.S. supplies increased 10 million barrels last week, according to Energy Information [...]

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By Timothy Puko | Wall Street Journal NEW YORK–Natural-gas futures eased Wednesday as traders awaited more data to gauge how quickly producers can replenish stockpiles that are at an 11-year low. Natural gas for May delivery fell 1 cent, or 0.2%, to $4.557 a million British thermal units on the New York Mercantile Exchange. The [...]

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The Energy Report 4/16/14

On April 16, 2014 - 7:52 AM By

China Blues! China’s GDP hit the lowest level in almost the third of 2012 yet was actually in line with market expectations give or take. The slowdown in China has taken its toll on precious metals yet oil is still strong on geo-political risk. Fear that Ukraine could erupt into civil war is overshadowing a [...]

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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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The Energy Report 4/15/14

On April 15, 2014 - 9:10 AM By

Ukraine on Tap! Reports that Ukraine may start military operations may turn around a market that was all of a sudden pricing in diplomacy. A meeting in Switzerland may be doomed to fail as reports that the acting Ukrainian President has said that a military operation to regain control of cities in the eastern Ukraine [...]

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The Energy Report 4/14/14

On April 14, 2014 - 8:57 AM By

Ukraine Heats Up! Rising tensions in Ukraine, violence and the possibly the Ukraine government is getting ready to act against rebels has oil and wheat rising. Gold hit a 3 week high and is gaining on silver as systemic risk rises and fears that a conflict could slow the economy. The Ruble is rubbish. Palladium [...]

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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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