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Tag Archives: Brent crude

Oil price rise helps shore up global markets

LONDON (AP) — A bounce-back in oil prices helped European stock markets to recover their poise Thursday following an earlier retreat when concerns over the state of U.S. consumer spending weighed on shares. KEEPING SCORE: In Europe, France’s CAC 40 was up 0.9 percent to 4,355 while Germany’s DAX rose 0.9 percent to 10,067. The FTSE 100 index of leading ...

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Weak US hiring report sends stocks lower on Wall Street

NEW YORK (AP) — U.S. and global stock indexes were lower for a second day early Wednesday, following a dismal report on job creation that gave investors concern over the state of the economy. The data follows a round of economic news out of China and Europe a day earlier that also suggested sluggish growth. KEEPING SCORE: The Dow Jones ...

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US stocks rise slightly in afternoon trade; Japan sinks

NEW YORK (AP) — U.S. stock indexes were slightly higher Monday afternoon, recovering some of last week’s steep declines. Japan’s market fell sharply. KEEPING SCORE: The Dow Jones industrial average rose 77 points, or 0.4 percent, to 17,850 as of 1:09 p.m. Eastern. The Standard & Poor’s 500 index rose eight points, or 0.4 percent, to 2,074 and the Nasdaq ...

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BP sees Q1 earnings slide as low oil prices take their toll

LONDON (AP) — Cost-cutting and a solid performance from the refining and marketing arm helped British energy producer BP cushion the hit from low oil prices in the first quarter. Though the company reported a 79 percent slide in earnings, its share price spiked 4.5 percent higher Tuesday to 377 pence as the result was better than anticipated in markets. ...

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US stocks rise with oil prices, machinery companies climb

NEW YORK (AP) — U.S. stocks are moving higher Tuesday morning as energy companies rise with the price of oil. Earnings reports are driving much of the action. Grocery store chain SuperValu is climbing, while appliance maker Whirlpool is falling sharply. KEEPING SCORE: The Dow Jones industrial average gained 45 points, or 0.3 percent, to 18,022 as of 10:18 a.m. ...

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US stocks waver early as investors eye company earnings

U.S. stock indexes wavered between small gains and losses in early trading Wednesday as investors sized up the latest company earnings and deal news. Consumer staples companies were down the most, while health care and financial companies moved higher. KEEPING SCORE: The Dow Jones industrial average rose six points to 18,060 as of 10:07 a.m. Eastern time. The Standard & ...

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US stocks edge mostly higher in early trading

NEW YORK (AP) — Stocks are wobbling in early trading Wednesday. Health care companies are trading higher, energy companies are rising along with the price of oil and telecommunications companies are slipping. Indexes have slumped over the last two days and the market is coming off its worst day in about a month. KEEPING SCORE: The Dow Jones industrial average ...

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In oil price plunge, North Sea industry faces perfect storm

A weather vane on an offshore drilling rig operating in the North Sea. (Image: snapper via Flickr)

ABERDEEN, Scotland (AP) — It’s Thursday night and the Spider’s Web pub is packed with beefy guys in windproof jackets and massive backpacks. The exhausted oil rig workers pile their bags against the wall, play pool or just slump in the leather seats, knocking back pints of beer. But despite the drink, there’s not much laughter. It’s not work that ...

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Stocks mostly higher on economic data before Fed statement

Stocks mostly higher on economic data before Fed statement

NEW YORK (AP) — The U.S. market is quiet for a third day in a row but mostly higher Wednesday following a raft of generally positive economic reports. Investors are looking forward to the Federal Reserve’s comments on the state of the economy later in the day. Oil prices are rising on reports that major energy-producing nations will hold a ...

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Stocks open lower as weak oil prices push energy sector down

NEW YORK (AP) — U.S. stocks were falling sharply for a second day on Wednesday, dragged lower once again by a tumble in commodity prices, most notably oil. KEEPING SCORE: The Dow Jones industrial average lost 218 points, or 1.3 percent, to 16,214 as of 10:06 a.m. Eastern. The Standard & Poor’s 500 index fell 26 points, or 1.3 percent, ...

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