Archive | April, 2012

Oil investment takes a tumble as Spain sees credit rating cut

Crude oil takes a considerable fall on the charts, as old-standing euro zone concerns resurface.

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Fed report keeps oil investment up

Crude oil gains some ground on global indexes, yet the short term future for the fuel seems unclear.

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Oil Price Increase with Fed Positive Economic Outlook

Oil prices increased after the Federal Reserve strengthened its projection of the economic growth of the United States.

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Iraqi oil bidders list: Oil giants in but Exxon out

Oil giants join the roster of 47 oil companies who will bid for Iraq’s oil blocks. Unfortunately, Exxon Mobile is not one of them.

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Crude prices improve while cost of homes in the US drop

Crude went up in N.Y. following  a slow decline in residential property prices in some U.S. cities two months ago. This fanned hopes of a much-awaited improvement in the U.S. economy. Futures likewise rose by 0.4 percent when the S&P/Case-Shiller home price index registered a 3.5 percent drop, by far the lowest 12-month decline since [...]

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Oil producer builds up investment in Utah oil drilling

The biggest oil producer in Utah intensifies oil production this year by allocating US$500 million for towards new oil investment for drilling and exploration ventures. According to the Deseret News, Newfield Exploration Company has set aside over 30 percent of this year’s company budget to step up operations at the Uintah Basin, located in Eastern [...]

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