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Myra P. Saefong | MarketWatch As the end to pit trading for the futures market draws to a close at the CME, traders worry that pit “lingo” and hand signals will become a lost language, but say faster transaction speeds will help ease the burden of change. “The closure of most trading pits is the [...]

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By TIMOTHY PUKO | The Wall Street Journal Natural gas is sinking Wednesday morning as weather models are showing a growing consensus in favor of unseasonably cool weather on the way. Natural gas for August delivery is down 4.8 cents, or 1.7%, at $2.784 a million British thermal units on the New York Mercantile Exchange. [...]

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by Moming Zhou | BloombergBusiness Crude oil rebounded from a two-month low in London as investors weighed the latest developments in the Greek financial crisis. Greece requested a new two-year bailout program from the euro region as the country edged closer toward a financial precipice. Iran and world powers pushed for a nuclear accord as negotiations [...]

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By By Alex Lawler | Reuters Oil held above $64 a barrel on Wednesday as a U.S. government report showing crude inventories fell for an eighth week, in a sign a supply glut is easing, countered concerns about Greece’s debt crisis. U.S. crude stocks fell by 4.9 million barrels, the U.S. Energy Information Administration (EIA) said, more than [...]

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By FX Empire Analyst – Barry Norman Crude oil responded sharply to Tuesday nights API weekly inventory report gaining 11 points this morning after rallying as high at $61 during Tuesday’s trading session. This morning finds WTI trading at 61.12. Brent oil gained steadily on Tuesday but gave back a few cents in the Asian session to trade at [...]

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By Aurel Niculescu | InAutoNews.com via Bloomberg Or it could be the other way around, with gasoline surging close to diesel’ falling price. Never mind, those who opted for a diesel cars and the US truckers can now rejoice, as the gap is finally very slow between the two fuels. Retail gasoline has fallen massively [...]

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Myra P. Saefong | MarketWatch Oil futures made a sudden turn higher Tuesday, with analysts attributing the bounce to technical price triggers, expectations for a weekly decline in U.S. crude supplies and a U.S. plan to help Europe defend against security threats, which highlighted U.S. tensions with Russia. August crude CLQ5, +1.51%  tacked on 56 cents, or 0.9%, [...]

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by Moming Zhou | BloombergBusiness Crude oil rose on speculation U.S. inventories fell for an eighth week, the longest stretch of declines in seven years. Crude stockpiles decreased by 1.5 million barrels in the week ended June 19, according to a Bloomberg survey before Wednesday’s government report. Prices also gained amid optimism Greece’s debt crisis [...]

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Robert Barron / Nanaimo Daily News Zane Gauthier doesn’t understand the high price of gas. Filling his tank at a Nanaimo gas station, Gauthier said the fact that gas prices are closing in on the same totals as this time last year makes no sense. In June of 2014, the price of gas was selling [...]

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By Robert Gibbons | Reuters Crude oil and refined products futures turned lower on Wednesday in volatile trading after government data showed a surprise gasoline inventory build last week, even as production eased. Concerns about Greece’s debt problems and the potential effect on Europe’s demand for petroleum also helped pressure crude futures. U.S. gasoline inventories rose [...]

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Oil Prices End Little Changed

On June 17, 2015 - 2:47 PM By

By CHRISTIAN BERTHELSEN | The Wall Street Journal Oil prices swung over a wide range but ended little changed Wednesday, as a dovish Federal Reserve statement helped the market recover from a selloff after disappointing U.S. stockpile data. Light, sweet crude for July ended the day down 5 cents, or 0.1%, at $59.92 a barrel [...]

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U.S. Oil Prices Edge Higher

On June 16, 2015 - 3:59 PM By

By Timothy Puko And Georgi Kantchev | The Wall Street Journal Via Nasdaq U.S. oil prices climbed Tuesday on strong demand for crude and the threat of a tropical storm along the Gulf Coast. Light, sweet crude for July delivery, the U.S. benchmark, gained 45 cents, or 0.8%, to $59.97 a barrel on the New York Mercantile [...]

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