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ADAM SIEMINSKI
- Rich investors turn to local crude oil futuresOver the past three months, these wealthy investors have built up sizeable positions in local crude futures, betting that the US recovery a...
- Oil price defies recession; crude hits $66Crude prices have seesawed violently for more than a year now, hitting a record $147 a barrel last July and then plummeted to $32.40 on Dec...
- Oil prices hit new 6-month high of $62.45 a barrelOPEC has steadily cut production since late last year in a bid to steady prices which have tumbled from record highs above $147 in July. Wo...
- Oil eases below $60 a barrelOil eased slightly in Asian trade on Wednesday amid fresh concerns about the US economy after government data showed housing starts in the ...
- Falling demand, high stock give OPEC sleepless nightsOil inventories are at the highest in nearly two decades and global fuel demand is falling more than expected.
- Crude falls below $40 for first time in 2009Oil prices dipped below $40 per barrel Friday for the first time this year as the government reported the nation's worst annual job losses ...
- Oil at $100 may be months away, not yearsThe $100-a-barrel oil that Goldman Sachs Group said would prevail by 2009 may be only a few months away.
- India to get oil contracts from IraqThe first contracts with major oil firms from Iraq's new govt may go to Asian firms rather than the US.
- Opec’s rivals set to pump more in ’07, but glut unlikelyA rise in oil production from the Caspian, Africa and North America will ease Opec’s (Organisation of the Petroleum Exporting Countries) bu...
- Oil climbs following first Opec output cut since '04Oil jumped a dollar to above $60 on Thursday after Opec officials said the producer group will cut output by 1 million barrels per day as s...
- Oil halts for breath, but steep fall unlikelyOIL may extend its slide of nearly 20% in two months, but analysts predict the market would find a floor at $60 a barrel.
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