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Tag Archives: crude

US stocks jump as rising interest rates help banks higher

stocks

NEW YORK (AP) — U.S. stocks are jumping Tuesday morning as rising interest rates give bank stocks a lift. Investors are also buying big-name technology companies. European indexes also climbed. KEEPING SCORE: The Dow Jones industrial average rose 187 points, or 1.1 percent, to 17,679 as of 10:05 a.m. Eastern time. The Standard & Poor’s 500 index picked up 21 ...

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Stocks little changed, but crude sheds 39 cents

stocks

NEW YORK (AP) — Stocks were little changed in early trading Monday, as investors sat on the sidelines waiting to see where the Federal Reserve might move interest rates next month. Energy stocks fell along with the price of crude oil. KEEPING SCORE: The Dow Jones industrial average rose 13 points, or 0.1 percent, to 17,514 as of 10:09 a.m. ...

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US stocks rise, shaking off tech slump, after Fed stands pat

US stocks rise, shaking off tech slump, after Fed stands pat

NEW YORK (AP) — U.S. stocks rose Wednesday after the Federal Reserve left its key interest rate unchanged, as investors expected. Energy companies climbed again as the price of oil came close to a six-month high. Technology stocks were battered following weak results from Apple and Twitter. Stocks opened mostly lower in muted early trading, but they moved higher after ...

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Uganda: Hope for oil production by 2018 after pipeline deal

Uganda: Hope for oil production by 2018 after pipeline deal

KAMPALA, Uganda (AP) — Uganda’s hopes to produce crude oil by 2018 have been boosted by an agreement to build a pipeline to Tanzania’s Tanga port, a government official said Tuesday. The agreement with Tanzania comes after months of uncertainty over which route the pipeline would take, said Bukenya Matovu, a spokesman for Uganda’s energy ministry. The decision to build ...

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US stocks slip, oil hits highest price since November

US stocks slip, oil hits highest price since November

NEW YORK (AP) — U.S. stocks are slightly lower in Wednesday morning trading as tech stocks are hammered following weak results from Apple and Twitter. Energy companies continue to rise as the price of oil reached its highest price since November. KEEPING SCORE: The Dow Jones industrial average dipped 40 points, or 0.2 percent, to 17,950 as of 10:06 a.m. ...

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Iran: No output freeze until it restores pre-sanctions level

Iran: no output freeze until it restores pre-sanctions level

PARIS (AP) — Iran won’t consider a production freeze until it reaches its pre-sanctions level of output of 4.2 million barrels a day, a senior energy official said Thursday. Mehdi Hosseini, who heads the oil contracts revision committee at Iran’s Petroleum Ministry, said a freeze at anything less than that would be a continuation of the sanctions imposed on his ...

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US stocks jump following another surge in oil prices

US stocks jump following another surge in oil prices

NEW YORK (AP) — U.S. stocks are climbing Friday morning as the price of oil jumps for the second time in three days. Energy companies are getting a boost and mining and metals companies are also posting gains. Retailers are struggling after some weak sales reports. KEEPING SCORE: The Dow Jones industrial average rose 141 points, or 0.8 percent, to ...

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US stocks rise as health care and energy companies soar

US stocks rise as health care and energy companies soar

NEW YORK (AP) — U.S. stocks broke a two-day losing streak Wednesday as investors bought up drugmakers and other health care companies. Energy companies also jumped as the price of oil surged. Biotech drug companies, which have been mired in a long slide, made their biggest gains in almost five years. That came after Pfizer, one of the largest pharmaceutical ...

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Another gain for US stocks, led by banks and tech companies

Another gain for US stocks, led by banks and tech companies

NEW YORK (AP) — U.S. stocks rose Wednesday as technology companies traded higher for the second day in a row and consumer companies gained steam as cruise lines rose. The beleaguered financial sector recovered some of its losses from earlier this year. Stocks started the day sharply higher, following a jump in European markets, although they returned some of those ...

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