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Oil Prices Poised To Rise As Geopolitical Tension Returns
Monday, July 14, 2014 - 9:22am | 379Read More...Brent crude oil was steady at $106.33 at 8:00 GMT on Monday morning with investors keeping an eye on conflict in both Libya and Iraq. The commodity was on a downward spiral last week after Libya reopened its largest oilfield following months of protests and the conflict in Iraq looked isolated...
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Brent Set To End The Week On A Low
Friday, July 11, 2014 - 7:54am | 328Read More...Brent crude oil is set to end its third consecutive week on a loss. The commodity traded at $108.55 as supply issues in the Middle East and Africa dissipated. According to Reuters, Libya’s National Oil Corp reported that the nation’s El Sharara oil field has begun to ramp up production...
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Brent Continues Slide On Weak US Inventory Data
Thursday, July 10, 2014 - 8:02am | 366Read More...Brent crude oil continued to fall for the ninth consecutive session on Thursday as investors turned their attention from supply concerns to demand. The commodity traded at $108.17 at 6:00 GMT following the release of worse than expected US inventory data. Despite data showing that the US...
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Brent Continues To Tumble
Wednesday, July 9, 2014 - 8:12am | 400Read More...Brent crude oil continued to tumble on Wednesday as Libya reopened its El Sharara oilfield. The commodity traded at $108.44 at 8:40 GMT as supply concerns eased. CNBC reported that Libya’s National Oil Corp announced that the El Sharara oilfield had reopened after four months of being...
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Brent Slips Below $110 On Supply Increase
Tuesday, July 8, 2014 - 8:04am | 322Read More...Brent crude oil fell below $110 on Tuesday as supply worries eased and investors turned their attention to demand. The commodity traded at $109.98 at 6:10 GMT, near a one month low as tension about both Iraq and Libya eased. The conflict in Iraq showed no signs of letting up as the nation’s...
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Brent Set To End The Week On A High
Friday, May 23, 2014 - 6:59am | 329Read More...Brent crude oil looked poised to end the week above $110 as both supply and demand factors kept prices elevated. The commodity traded at $110.44, on track for a second week of gains as supplies from Libya tightened and the global demand outlook improved based on positive data. Encouraging...
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IEA Report Indicates Trouble For OPEC
Friday, August 9, 2013 - 3:59pm | 421Read More...The International Energy Agency published its oil market report for August, recapping recent oil action and revising 2014 demand down. The agency expects demand of 29.8 million barrels per day for 2014, up 1.1 million from 2013, but lower than their original expectations. The elevated 2014...
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Gasoline Prices Headed Higher as Investors Turn to Oil
Friday, July 12, 2013 - 8:51am | 569Read More...Consumers are going to see a spike in the cost of unleaded gasoline at the pump in August according to CNNMoney. One of the prime drivers of the increase, according to Gasbuddy.com analyst Tom Kloza, is an increase in the price of oil and gasoline futures in July. Continued fear over turmoil in...
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John Kilduff: Gas at $3.50/Gallon in October
Thursday, March 22, 2012 - 6:40am | 283Read More...CNBC analyst John Kilduff does not share the wide view that gas prices are soon going to reach the $4 level per gallon this summer. If anything, he believes they subside to pre-presidential-election levels that are likely to favor incumbent Obama's bid for reelection. "National average is right...
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How to Profit From Libya's Oil Rebirth
Friday, January 6, 2012 - 1:25pm | 801Read More...When political violence started in Libya in February 2011, it wasn't surprising to see oil production there drop. The surprise may have come in the form of how much Libyan output was lost in the months leading up to the overthrow of now deceased dictator Muammar Qaddafi. Prior to the start of...
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Outlook of Crude Oil Depends on $95 Level
Wednesday, November 9, 2011 - 2:43pm | 714Read More...During this week, Crude Oil broke above $95. This is very important because this level is the 50% Fibonacci retracement and where the 200-day moving average sits, which are very important levels to any technical analyst. The commodity has been in a mid-term bear trend since April/May, moving from...
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Libya's City of Bani Walid Crushes Rebel Advance, Exposes AP War Propaganda
Tuesday, September 27, 2011 - 3:45pm | 1173Read More...Kevin Hayden – TruthisTreason.net Source: Land Destroyer Report by Tony Cartalucci The Associated Press reluctantly reported that Libya's rebels began withdrawing from their front at Bani Walid, approximately 85 miles southeast of Tripoli. After weeks of humiliating defeat at the hands of the city'...
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Maps Du Jour: Food Inflation Riots and The Libyan Politics
Monday, August 29, 2011 - 2:05pm | 886Read More...By EconMatters The first map is a disturbing illustration of food and inflation riots around the globe in 2011 (updated through Feb. 19) I came across on Google. The second map is actually an infographic from The Economist explaining the politics behind the military action against Libya.Google...
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$1.7 Million Bounty Placed on Gaddafi's Head as Fighting Continues in Libya
Thursday, August 25, 2011 - 6:03am | 240Read More...Fresh off the victory over Colonel Muammar Gaddafi's Tripoli compound, rebel forces in Libya continued to battle against Libyan loyalists Thursday. Pockets of violence popped up throughout the capitol city today, as the hunt for Gaddafi waged on. Rebels, represented by the National Transitional...
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Tripoli Headquarters Seized by Rebels, Gaddafi Swears Fight will Continue
Wednesday, August 24, 2011 - 6:51am | 250Read More...The embattled leader of Libya faced increasing pressure from rebel activists to withdraw Wednesday, but Muammar Gaddafi vowed that the fight for his reign over the North African country would continue. Rebels raided Gaddafi's Tripoli compound today, taking valuable items and destroying any symbols...
