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(Aug 15 2012) Oil futures added $0.90 or 1% to end at $94.33 a barrel, its highest since mid-May after the Enery Information Administration’s weekly reported showed a steep decline in inventories. The Energy Information Administration reported a decline of 3.7 million barrels in crude inventories. This contrasted with expectations, according to a Bloomberg survey, that [...]
(May 14 2012) GEOnomic Investing. Oil futures ended at almost a five-month low on Monday as fears that Greece’s inability to appoint a government would result in the break-up of the euro zone. Crude oil for June delivery fell 1.4%, to end the day at $94.78 a barrel on the New York Mercantile Exchange, the [...]