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U.S. stocks rally on stimulus signs as energy shares jump

U.S. stocks rallied, trimming this week’s decline, as earnings beat estimates, consumer confidence reached a seven-year high and investors speculated that central banks will add more economic stimulus.  More »

Shale boom helping American consumers like never before

The drop in crude has pulled retail gasoline down more than 50 cents a gallon from the year’s high in April.  More »

WTI rebound above $80 holds as Goldman Sachs sees no oil glut

West Texas Intermediate is heading for its biggest one-day gain in a month.  More »

Petrobras refinery is 60 percent over budget, audit court says

The new refinery will cost $50,000 more per barrel than Petrobras’ previous facility.  More »

Citigroup sees $1.1 trillion stimulus from oil plunge

Crude prices are plunging amid signs that OPEC won’t act to eliminate a surplus as global growth slows.  More »

End to oil collapse in sight for BofA, BNP Paribas

Some of the world’s biggest banks say the collapse in oil is just about over.  More »

Oil slump means canceled projects as investment declines

With oil approaching a four-year low, producers will be cautious about sanctioning investment, according to some experts.  More »

Brent, West Texas crude keep dropping

Brent crude extended its biggest one-day collapse in three years amid speculation OPEC will refrain from eliminating a glut.  More »

Putin loses his best friend: Expensive oil

The decline in oil prices may be depriving Russian President Vladimir Putin of his biggest ally.  More »

BG Group appoints Statoil CEO to end leadership void

BG’s new appointment may end a turbulent three-year period where the company’s stock dropped 35 percent.  More »

Crude oil falls deeper into bear territory

West Texas oil for November delivery dropped $3.90 to $81.84 a barrel on the New York Mercantile Exchange, the lowest settlement since June 28, 2012.  More »

Israel sees gas as key to transforming Mideast relations

After this summer’s war in Gaza battered Israel’s international reputation, the country’s leaders say they have a new foreign policy tool to build relations with its neighbors: natural gas.  More »

Oil demand growth this year seen weakest since 2009

Oil demand will expand at the slowest pace since 2009 this year as global economic growth weakens.  More »

Brent crude at a nearly 4-year low

West Texas intermediate crude dropped 8 cents to $85.74 a barrel on the New York Mercantile Exchange.  More »

Speculators push oil into bear market as supply rises

Money managers reduced bets on rising oil prices by the most in five weeks, helping push U.S.- traded futures into a bear market.  More »
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