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Christine Buurma | BloombergBusiness Natural gas futures headed for a second straight weekly decline on forecasts for cooler weather that would limit power demand after a Northeast heat wave. Temperatures may be mostly average or below normal in the eastern and central U.S. through June 2, according to Commodity Weather Group LLC. Gas stockpiles climbed [...]

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BY ROBERT GIBBONS | Reuters Oil prices fell 2 percent on Tuesday as the dollar’s sharp rally weighed on dollar-denominated crude oil futures along with concerns that a recent rally might keep U.S. producers active. The U.S. dollar index rallied as Greece’s financial crisis and signs of increasing opposition to austerity in Spain pressured the [...]

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CBS Chicago | You’ll find you’re paying more for gasoline when you hit the road this holiday weekend. You’ll also find more of something else during your travels, CBS 2’s Jeremy Ross reports. Regular unleaded is $3.04 a gallon in Chicagoland. The national average is $2.73, according to AAA Motor Club. The cost, of course, [...]

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By Barani Krishnan | Reuters Oil prices jumped more than 2 percent on Thursday, giving Brent its biggest rally in more than a week, as draws reported in the Cushing delivery point for U.S. crude futures boosted optimism that a supply glut was easing. Fighting in Iraq that raised worries about the security of Middle East oil shipments also [...]

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By MARK SHENK | Bloomberg Oil climbed after U.S. crude stockpiles dropped, as refineries bolstered operating rates. Crude inventories declined 2.67 MMbbl last week, according to the Energy Information Administration. Refinery operating rates rose for the third time in four weeks. Gasoline supplies unexpectedly fell ahead of the Memorial Day holiday, which heralds the start [...]

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By Collin Eaton | Longview News-Journal Things have been looking up for energy markets recently, but another tough trading day showed oil may still be shaky. The price of U.S. crude sank more than $2 a barrel Tuesday as the dollar surged and oil traders, scouring the globe for signs a worldwide crude glut could [...]

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Moming Zhou and Jake Rudnitsky | Bloomberg via The Washington Post New York futures fell for a fifth day, heading for their longest losing streak since March as a stronger dollar reduced oil’s investment appeal. Crude is poised to revisit earlier lows as producers’ easy access to cash will prolong a surplus and weigh on [...]

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By Myra P. Saefong | MarketWatch Oil futures held ground below $60 a barrel on Monday with traders considering the outlook for crude demand after China stepped up efforts to boost its economy. Analysts, meanwhile, remained cautious about the recent strength in oil markets. June crude CLM5, +0.49%  was last down 12 cents, or 0.2%, at $59.27 a [...]

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By Heather Long | CNN Money Here’s something the world hasn’t seen since December: oil trading above $60 a barrel. Traders are buzzing about whether its a sign that the era of low gas prices for American drivers is over. “It looks like this market is breaking out,” said Phil Flynn, a senior energy analyst [...]

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By Myra P. Saefong MarketWatch Oil futures rose in electronic trading late Tuesday after the American Petroleum Institute reported that crude supplies fell 1.5 million barrels for the week ended May 1, according to sources. A Platts survey of analysts forecast a climb of 1 million barrels. “The draw in crude breaks the streak of [...]

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By Barani Krishnan | Reuters | Oil prices remained under pressure on Tuesday, with Brent settling lower and U.S. crude near flat, as worries about swollen U.S. crude stockpiles cut price gains from an early rally on security scares in the Middle East and a weak dollar. After an early rally, selling pressure grew as [...]

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U.S. Oil Prices Inch Higher

On April 28, 2015 - 6:03 PM By

By Down Jones Business News | U.S. oil prices ended Tuesday with a modest gain, after a brief spike following the news that Iran seized a Western cargo ship in the Strait of Hormuz. Light, sweet crude for June delivery rose 7 cents, or 0.1%, to $57.06 a barrel on the New York Mercantile Exchange. [...]

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