Jonathan Cogan News
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The U.S. Energy Information Administration, responding to concern natural gas speculators jumped the gun on market-moving data yesterday, said today that it monitors its data releases closely to ensure the information is distributed fairly.
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The U.S. Energy Information Administration has taken steps to ensure that weekly statistics on oil and natural-gas supplies tracked by commodities traders are protected against computer cyber attacks, a spokesman said.
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Citigroup Inc. ’s Citibank, Bank of America Corp. ’s Merrill Lynch unit and five other banks were sued by the trustee liquidating Bernard Madoff’s firm to recover more than $1 billion for the con man’s defrauded customers.
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Oil rose for a second day as refineries resumed operations after Hurricane Sandy dissipated, increasing demand for crude.
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Natural gas futures dropped for a fifth day, the longest losing streak in more than seven months, after a government report showed a smaller-than-expected decline in U.S. stockpiles.
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Oil climbed, trimming the biggest monthly drop in a year, on signals the European Union will approve aid for Greece, bolstering the euro against the dollar.
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Crude oil fell to a six-week low as rising U.S. jobless claims and a contraction in manufacturing in the Philadelphia area bolstered concern that the economic rebound in the world’s biggest oil-consuming country is slowing.
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Oil traded near the highest in three weeks on speculation shrinking U.S. crude supplies and Europe’s steps to stem its debt crisis signal fuel demand will rise.
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The trustee liquidating Bernard Madoff ’s investment firm sued former Tremont Capital Management Chief Executive Officer Sandra Manzke and Maxam Capital Management seeking more than $100 million.
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Crude oil may fall next week on signals that the U.S. economic recovery is slowing, bolstering stockpiles, a Bloomberg News survey showed.
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