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Oil prices News

Have gas and oil prices reached their peak for 2012?

Four separate reports out this week suggest that the pain at the pump is starting to gradually ease for most Americans and possibly showing signs that the worst may be over.
In the Media by R. Francis Rubio - 4 comments

Iran war could cause 30% increase in oil prices says IMF chief

If the flow of oil from Iran is cut, this may cause a surge in crude prices of up to 30%, dealing a serious blow to the world economy, warns IMF chief, Christine Lagarde.
In the Media by Anne Sewell - 5 comments

Saudi Arabia vows to bring oil prices down

Riyad - Saudi Arabia has announced it will work both individually, and in coordination with other GCC countries, to bring the price of oil down to reasonable levels.
In the Media by Katerina Nikolas

Iran stops oil exports to six European countries

Iran has taken preemptive steps against a European Union ban on Iranian oil imports, due to come into effect on July 1, by cutting oil exports to six European countries.
In the Media by Katerina Nikolas - 5 comments

Top Stories Public Followed In 2011

Now that the new year is here, it's time to take a look at what we the people, followed most closely last year. Pew Research has compiled, not a top 10 best list, but rather those stories that gained our attention the most.
In the Media by Tim O'Brien - 1 comment

Oil prices reach a 2.5-year high amid Middle East turmoil

Oil prices hit a two-and-a-half year high on Thursday, but pulled back late in the session. Brent crude closed at $111.36, up 11 cents while West Texas crude, the US benchmark, closed at $97.28, down 82 cents.
In the Media by Garry Malloy

Oil prices reach highest level since ’08, markets tense

New York - A decline in oil production in Libya as a result of the escalating violence has caused oil prices to reach their highest level since 2008 and experts say national and global economic recoveries could be in jeopardy if protests spread through the region.
In the Media by Lynn Herrmann - 4 comments

Canadian Dollar Trading Below 80 Cents U.S.

The Loonie is being pulled down by falling world markets and declining oil prices and is trading below 80 cents U.S. today.
In the Media by Bob Ewing - 10 comments

Op-Ed: A Gold Medal for Last Week's Bull Rally

It was beautiful. It was wow. It was unbelievably exciting. It was indescribable. It was beyond superlatives and no we are not talking about the spectacular display at the Beijing National Stadium, it was the bull rally last week on Wall Street.
In the Media by Marvin Clark

Op-Ed: Republicans Trying To Force Offshore Drilling On The Nation

If the Republicans are really concerned about the rising gasoline prices they should help pass pass the bill to rise oil from the strategic reserves instead of jeopardizing the environment by blindly pitching for offshore oil drilling.
In the Media by mridulc - 3 comments
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