Crude Oil News
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Updated 11 minutes ago
Asian shares headed for the biggest loss since September 2011 and bond risk surged on concern the Federal Reserve may phase out stimulus and as China’s cash crunch worsened. Commodities fell and the dollar strengthened.
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Updated 1 hour, 11 minutes ago
Asian stocks slumped the most in almost two years amid concerns a credit crunch in China is worsening and the Federal Reserve will reduce stimulus should the U.S. economy continue to the improve.
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Updated 1 hour, 25 minutes ago
As Congress considers scaling back or abolishing U.S. rules that mandate the use of renewable fuels, it has the full-throated support of the petroleum industry -- with one major exception.
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Malaysia’s ringgit dropped the most in 19 months after the U.S. signaled it may taper its monetary stimulus, damping demand for emerging-market assets. Government bonds fell.
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Updated 36 minutes ago
Russia’s global oil champion has yet to win over investors.
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Updated 1 hour, 48 minutes ago
Japanese and Australian equity futures followed U.S. stocks lower as the dollar surged after Federal Reserve Chairman Ben S. Bernanke said bond purchases may be reduced later this year should risks to the U.S. economy abate. Australia’s currency slumped while oil slid.
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Updated 1 hour, 51 minutes ago
The Canadian dollar fell as its U.S. peer gained versus most other currencies after Federal Reserve Chairman Ben S. Bernanke said risks to the economy have decreased and policy makers could end bond purchases in the middle of next year.
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Crude oil options volatility fell along with futures after the Federal Reserve said it will keep buying bonds at an $85 billion-a-month pace.
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InsideClimateNews.org — Since 2010, at least three ruptured pipelines have spilled oil into U.S. neighborhoods, forcing officials to decide quickly whether local residents would be harmed if they breathed the foul air. But because there are no clear federal guidelines saying if or when the public should be evacuated during an oil spill, health officials had to use a patchwork of scientific and regulatory data designed for other situations.
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Updated 35 minutes ago
Pannonia Ethanol, a Hungarian ethanol producer, led critics of Platts at a meeting in London, a month after the publisher was raided by the European Union in a probe into potential manipulation of oil and biofuels prices.
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