Paul Gordon News
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West Texas Intermediate gained after falling for the fifth time in six days amid signs of economic weakness in the U.S. and Europe.
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Uranium’s rally from a three-year low is stalling amid signs Japan, once the world’s third-biggest nuclear power producer, will keep all but a handful of its reactors offline this year.
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Wilmington Trust Co. , the Delaware bank founded by the du Pont family and being bought by M&T Bank Corp. , sued three former company vice presidents who defected to Citigroup Inc. , allegedly with proprietary data.
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OPEC’s biggest oil producers are in talks to supply extra crude to India as the nation prepares to halt purchases from Iran because of global sanctions, four people with knowledge of the matter said.
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China’s gasoline exports rose to the highest level in almost a year in February as the nation ramped up production of the motor fuel before the Lunar New Year holiday, when workers traveled back to their home towns.
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Middle distillate inventories in Singapore, Asia’s largest oil-trading and storage center, fell 7.9 percent to the lowest level in more than five months, according to a unit of the Ministry of Trade and Industry.
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West Texas Intermediate oil rose for a second day, heading for a second weekly advance. Brent crude’s premium to the U.S. benchmark grade is poised for the biggest weekly drop in five months.
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Liquefied natural gas for delivery to Northeast Asia fell for a fifth straight week on continued weakness in demand for short-term, or spot, cargoes, according to Energy Intelligence.
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South Korean refiners that import North Sea crude will have their rebates for oil-product exports reduced under tax changes planned to start April 1, according to three government and refinery officials.
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China’s commercial crude inventories dropped to the lowest level in a year in February, while diesel stockpiles climbed to the highest in 10 months.
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