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Traders On Look-Out For High-Tech Snooping Techniques
Thursday, December 19, 2013 - 2:55pm | 379In the film Wall Street, Charlie Sheen's character Bud Fox secretly followed around a British billionaire, Sir Lawrence Wildman, to discern his next move. Fox concluded that Wildman was meeting with key people in order to make a bid for a steel company. If Bud Fox was still up to gathering...
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U.S. Could See Crude-Oil Production Records By 2016
Tuesday, December 17, 2013 - 3:35pm | 424Will the price per barrel of oil be cheaper by the end of the decade? According to Ed Morse, head of commodity research at Citigroup (NYSE: C) the price of a barrel could be $15 less than current levels by 2020. The U.S. is on track to reach records for crude-oil production by 2016, which “will...
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USA Expected to Become World's Largest Gas and Oil Producer in 2013
Monday, October 7, 2013 - 2:25pm | 676While it’s not likely Olympic sized crowds will chant in response to the news, the US Energy Information Administration said Friday that the U.S. could become the world’s largest single producer of oil and natural gas this year. This flies in the face of much conventional wisdom that most of...
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Solar Cell Efficiency Sets a New Record At 44.7%
Wednesday, September 25, 2013 - 3:15pm | 669The solar market is difficult to read because it relies on quickly changing technology while being heavily tangled in politics and other sectors of the economy, such as the volatile price of fossil fuels. In addition, the wide range of solar technologies from quantum dots to nano-crystals make...
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Brent On Longest Losing Streak Since April
Wednesday, August 7, 2013 - 7:26am | 297Brent crude oil slid on Wednesday as easing supply concerns and caution ahead of key data from the US and China put pressure on prices. The commodity traded at $107.82 at 6:54 GMT on Wednesday morning, marking its fourth consecutive session drop and its longest losing streak since April. A new...
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Brent Slips on Chinese PMI
Wednesday, July 24, 2013 - 7:37am | 322Brent crude oil was under pressure on Wednesday after Chinese PMI data revealed that the number two oil consuming nation's economy could be slipping. The commodity remained above $108, though, on falling US crude stocks and tension in the Middle East. Brent traded at $108.16 at 7:00 GMT on...
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Brent Stays Afloat on Drop in US Inventories
Thursday, July 18, 2013 - 7:18am | 279Brent crude oil slipped following US Federal Reserve Chairman Ben Bernanke's testimony to Congress, but falling stockpiles in the US kept prices afloat. The commodity traded at $108.52 at 5:49 GMT on Thursday morning. At his testimony to Congress Bernanke revealed no new information about the...
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Brent Climbs As Markets Wait for Falling US Inventories' Confirmation
Tuesday, July 16, 2013 - 7:38am | 284Brent crude oil traded steadily on Tuesday morning as expectations of a drop in US crude inventories kept markets positive as investors hoped for increasing demand growth in the number one oil consuming nation. The commodity traded at $108.80 at 5:53 GMT on Tuesday morning. If the inventory...
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Winter Storm Not Enough to Spike Natural Gas
Friday, February 8, 2013 - 10:01am | 438The Northeast is bracing for up to two to three feet of snow, along with 60 mile per hour gusts in the first major winter storm of the year Friday. Still, that wasn’t enough to keep Natural Gas Futures from sliding almost four percent Thursday, falling 13 cents to a session low of $3.28 per...
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Crude Inventories Bearish, Crude Oil Soaring
Thursday, July 7, 2011 - 11:05am | 77The EIA just released its weekly energy report, and the crude oil numbers were very bearish. Crude oil inventories fell 889,000 barrels, versus estimates of a drawdown of 2.5 million barrels. Distillate inventories fell 191,000 barrels, versus estimates of a 900,000 build. Gasoline inventories...
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Natural Gas ETF Ticks Up After EIA Inventory Report
Thursday, June 30, 2011 - 10:38am | 59Shares of United States Natural Gas Fund, LP (NYSE: UNG) ticked up after the EIA released its weekly natural gas inventory report. The report showed an increase of 78 bcf, versus estimates of 80 bcf. At last check, shares of UNG were up 7 cents to $10.94, after having been lower prior to the...