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US stocks open higher, oil may have bottomed out

US stocks open higher; oil may have bottomed out

NEW YORK (AP) — Stocks are opening sharply higher on Friday following a rally in Europe and an upturn in crude oil prices. All 10 industry sectors of the Standard and Poor’s 500 index rose, led by energy company shares. Anadarko Petroleum rose 6.5 percent and Devon Energy gained 8 percent. KEEPING SCORE: The Dow Jones industrial average climbed 175 ...

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Global stock markets slide, oil falls below $30 a barrel

Global stock markets slide, oil falls below $30 a barrel

U.S. stocks tumbled in morning trading Friday as the price of crude oil dropped below $30 a barrel, pulling energy company shares sharply lower. Discouraging data on retail sales and manufacturing also weighed on the market. The market slide was broad, with financial and technology stocks among the biggest decliners. KEEPING SCORE: The Dow Jones industrial average slid 401 points, ...

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US stocks slide again as China woes lead to global selling

wall street

NEW YORK — U.S. stocks are moving sharply lower as worries intensify about China’s economy and dropping oil prices. China’s main stock index plunged again Thursday as its currency weakened, triggering the second automatic halt in trading this week. China’s market regulator later said it would suspend the trading halts. The price of oil sank to its lowest level in ...

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U.S. oil price gap vanishing for first time in shale era

U.S. oil price gap vanishing for first time in shale era

HOUSTON – The once-deep discount for benchmark U.S. crude oil prices versus global rates is about to disappear for the first time since the rise of the shale oil boom, a sudden reversal that highlights the market’s ongoing flux. On Monday, U.S. West Texas Intermediate for delivery in March was trading just 20 cents below global Brent crude for the ...

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Wall Street opens lower as oil plunges further

Wall Street opens lower as oil plunges further

Wall Street opened lower on Tuesday as shares of energy companies and miners were dragged down by a continued slide in oil prices and fears of a global economic slowdown on weak Chinese trade data. U.S. crude fell below $37 per barrel for the first time since early 2009 amid fears the world was running out of capacity to store ...

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Russian deputy finance minister: lower oil price, more spending cuts

LONDON – Russia’s government will react to fresh falls in the price of oil by cutting fiscal spending above and beyond what has already been done, Deputy Finance Minister Alexei Moiseev said on Tuesday. He was speaking as oil prices crashed to new 2009 lows, with Brent crude briefly under $40 a barrel and U.S. crude under $37. Moiseev told ...

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