Stephen Voss News
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Vitol Group bought its third North Sea Forties crude cargo for loading in June at a lower price than the previous trade. No bids or offers were made for Russian Urals blend.
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The Organization of Petroleum Exporting Countries will keep crude shipments little changed into early next month as abundant inventories cap demand, tanker tracker Oil Movements said.
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Energy price-reporting organizations including Platts said they ordered independent reviews of their methods after calls by regulators last year to safeguard against market manipulation.
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Boston Marathon bombing suspect Dzhokhar Tsarnaev will be allowed to call his mother today for the first time since his arrest as he recovers from injuries suffered during the manhunt for him and his older brother.
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Brent crude dropped for a third day, to its lowest intraday price in three weeks as manufacturing in China shrank and U.S. gasoline stockpiles increased.
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Commodities fell for a third day, paced by declines in copper and oil, as manufacturing in China unexpectedly shrank for the first time in seven months and the head of the Federal Reserve hinted that stimulus may be tapered.
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BP Plc failed to sell North Sea Forties crude at a lower price. Vitol Group sold two Russian Urals crude cargoes in Europe.
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Nigeria, Africa’s largest oil producer, will export 62 crude cargoes in July, loading programs obtained by Bloomberg News that cover 17 of 18 grades show.
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West Texas Intermediate fell for a second day after industry data showed U.S. inventories rose for a fourth week, the longest run of gains since February. China’s oil stockpiles climbed for a second month.
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Equatorial Guinea plans to keep exports of its Ceiba crude in July unchanged from June at two cargoes of 1 million barrels, a loading program obtained by Bloomberg News shows.
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