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Oil HIkes More Than 2 percent to June Highs on Another U.S. Crude Drawdown

On Wednesday, oil prices reached session highs, increasing to their highest levels since June, after the United States Government reported another unexpected weekly drawdown in crude inventories. Brent...

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Wall Street Advances as Oil Ignites Energy Shares

On Wednesday, U.S. stocks increased following oil prices gaining to their highest levels since June and ignited a spark in energy shares. Brent crude futures advanced 1.9 percent to $51.84, underpinned...

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U.S. Trade deficit Expands in August on Advancing Imports

In August, the U.S. trade deficit gained more than anticipated in August, as a increase in imports offset higher exports. On Wednesday, the Commerce Department commented, the trade gap grew 3% to $40.73...

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Sterling Falls to 31-year Lows, Oil Edges Higher

Sterling fell to a 31-year low against the U.S. dollar on Tuesday as worries over Brexit were compounded by the renewed strength of the greenback on a recent flurry of better-than-anticipated economic...

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Dow, S&P Drop in Volatile Trading, Nasdaq Even

The S&P 500 index and the Dow dropped in volatile trading on Tuesday, but tehc stocks helped the Nasdaq remain positive territory. The markets lost momentum after the International Monetary Fund (IMF)...

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Oil Coasts as Brent Reaches $50 Per Garrel, U.S. crude Reports Three-Month Highs

On Monday, oil prices coasted after Brent crude reached $50 a barrel and U.S. crude hit three-month highs as traders weighed feebler stock markets and a strong dollar versus OPEC’s first agreed output...

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Oil Drops On Tighter Dollar & profit-Taking Following OPEC Rebound

Oil prices declined as the dollar rallied on Friday and investors profited in on crude’s 6% increase following OPEC members agreed on output curbs for the first time since 2008 to stabilize a two-year...

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Wall Street Gains on Rebound in Deutsche Bank’s shares

Wall Street extended increases on Friday as a rebound in Deutsche Bank's shares helped boost financial stocks among wide gains across sectors. The S&P 500 financial index gained 1.21 percent, outpacing...

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Decline in U.S. consumer Spending Fogs Fed Rate Increase Forecast

In August, U.S. consumer spending dropped for the first time in seven months while inflation displayed indications of advancing, mixed signals that could keep the Fed on their toes about hiking interest...

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U.S. Economy Advances in Second Quarter Leading to More Investments

In the second quarter, U.S. economic growth was less lethargic than previously anticipated as exports advance more than imports and businesses increased their investments, optimistic signals for the economic...