Peter Beutel News
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Peter Beutel, an analyst and editor of the Daily Energy Hedger newsletter, who often appeared on CNBC, Bloomberg Television and Fox News, has died. He was 56.
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Oil fell the most this year as President Barack Obama said a pre-emptive strike on Iran might generate “sympathy” for the Persian Gulf country, easing concern that an attack would take place.
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Gasoline rose to a nine-month high as first-time jobless claims matched a four-year low from two weeks ago, and as crude oil rose after the U.S. escalated warnings to Iran about its nuclear program.
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A government report tomorrow will probably show a below-normal decline in U.S. gas stockpiles as unusually mild weather east of the Rocky Mountains crimped demand for the furnace fuel, analyst estimates compiled by Bloomberg show.
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Warren Buffett, who bought about $2 billion in bonds of power company Energy Future Holdings Corp., said the investment is at risk of losing all its value after natural gas prices fell.
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Oil capped its longest rally since January 2010 as escalating tension with Iran threatens supplies and on signs of a global economic recovery.
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Oil capped its longest rally since January 2010 as escalating tension with Iran threatens supplies and on signs of a global economic recovery.
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Gasoline futures rose to the highest level since July as stockpiles fell unexpectedly last week and as crude oil rallied following a report that Iran tripled its uranium production rate.
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Oil climbed this week as gasoline jumped to the highest level since August and amid signs Greece is near an agreement with its creditors.
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Gasoline surged to a five-month high as Greece approved measures to ward off default, easing concern that European demand may decline, while refinery shutdowns increased speculation that supplies may be curtailed.
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