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Brent Holding Above $107 on Supply Cuts
Friday, July 26, 2013 - 7:16am | 312Despite worries over weak Chinese economic data, Brent crude oil remained above $107 on a weaker dollar and geopolitical problems in the Middle East and Africa that have begun to affect supply. The commodity traded at $107.50 at 6:28 GMT on Friday morning. The dollar dipped to a five week low on...
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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 Steady at $108 As Investors Wait for US Inventory Data
Tuesday, July 23, 2013 - 7:38am | 280Brent crude oil traded steadily at $108.20 at 7:50 GMT on Tuesday morning as investors awaited US inventory data and kept a wary eye on conflict in the Middle East and Africa. The commodity has risen higher on a weak dollar recently and maintained its position as tension in oil rich nations...
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Brent Corrects As Geopolitical Tension Dies Down
Tuesday, July 9, 2013 - 6:48am | 267Brent dipped a bit on Tuesday as geopolitical tension which has caused supply concerns began to ease. The commodity traded at $107.23 at 5:45 GMT on Tuesday morning as demand worries came into focus. A civil war in Syria and the Egyptian political crisis have both pushed Brent prices higher over...
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Egypt ETF Alternatives: Bets For The Adventurous
Friday, July 5, 2013 - 1:10pm | 783The U.S. celebrated its independence on Thursday. Hopefully, Egypt is on a similar path. The North African nation broke free of Mohammed Morsi's "leadership" earlier this week in an effort to sever ties with the controversial Muslim Brotherhood. Morsi is under house arrest and Adly Mansour has...
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Egypt ETF Soars as Morsi's Control Appears Tenuous
Wednesday, July 3, 2013 - 1:02pm | 340Shares of the Market Vectors Egypt ETF (NYSE: EGPT) soared late in Wednesday's shortened U.S. trading session on news the Egyptian military has wrested control state television as a deadline imposed for President Mohammed Morsi to compromise with protesters or relinquish power has come and gone....
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Egypt ETF Barely Higher After Morsi Revokes Decree
Monday, December 10, 2012 - 2:13pm | 359Shares of the Market Vectors Egypt ETF (NYSE: EGPT) are barely trading to the upside in midday trading Monday even after Egyptian stocks soared over the weekend. News that Egyptian President Mohammed Morsi revoked the judicial decree that touched off a rash of protests and sent Egyptian stocks...
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Following Morsi Power Grab, Egypt ETF Plunges
Monday, November 26, 2012 - 1:51pm | 499Shares of the Market Vectors Egypt ETF (NYSE: EGPT) are off 7.3 percent on volume that surpassed the daily average less than three hours into Monday's trading session. Egyptian President Mohammed Morsi granted himself wide-ranging legislative powers. Over the weekend, Egyptian stocks plunged 10...
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The "Other" Election ETF to Watch (EGPT, GREK)
Sunday, June 17, 2012 - 4:49pm | 609Eurozone member Greece was not the only country to hold elections on Sunday that are viewed as crucial by international observers. A boat trip south across the Mediterranean Sea takes one to Egypt, which held the final day of a presidential run-off Sunday. In other words, the Global X FTSE Greece...