Tancred Lidderdale News
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The U.S. Energy Information Administration reduced its crude-oil price forecast for 2013 because of falling futures and increasing production outside of the Organization of Petroleum Exporting Countries.
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West Texas Intermediate crude rose the most in two weeks as the dollar weakened against the euro and the U.S. boosted its 2013 price forecast.
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The U.S. Energy Department left its crude oil price forecast for 2010 little changed after prices in New York posted their smallest monthly move this year.
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The U.S. Energy Department reduced its crude oil price forecast for 2010 on concern that global economic growth may slow and on ample U.S. stockpiles.
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U.S. retail gasoline prices, down 11 percent from a 34-month high on May 4, may keep falling through the Fourth of July weekend as fewer Americans take to the road because of high costs and a slowing economy.
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The U.S. Energy Department bolstered its crude oil price forecast for 2011 on projections for higher global economic growth.
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The Energy Department decreased its crude oil price forecast for 2010 on reduced projections of economic growth in the U.S., the world’s biggest oil consuming country.
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The Energy Department increased its crude oil price forecast for 2011 on projections of greater global fuel consumption.
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The U.S. Energy Department increased its crude oil price forecast for 2011 on projections that accelerating economic growth will bolster fuel demand.
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Oil traded near its lowest price in almost two months in New York after an industry report showed stockpiles rose for a third week in the U.S., the world’s biggest consumer of crude.
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