Oil Gains for 2nd Week, But Prices Range-Bound Again

© Reuters. By Barani Krishnan  Investing.com – Oil put in a second week of gains as crude prices reentered range-bound trading on Friday on concerns about slowing U.S. jobs growth and the Covid situation in No. 3 energy consuming nation India. New York-traded , the benchmark for U.S. crude, settled up 19 cents, or 0.3%, […]

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Oil prices hold steady as investors weigh rising supplies, demand outlook

© Reuters. Views of Total Grandpuits oil refinery By Florence Tan SINGAPORE (Reuters) -Oil prices were little changed on Friday as investors weighed rising supplies from major producers and the impact on fuel demand from the COVID-19 pandemic. futures for June edged down 2 cents to $ 63.18 a barrel by 0450 GMT, while U.S. […]

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Oil prices rise on stronger economic outlook, U.S. stockpile draw

© Reuters. Views of Total Grandpuits oil refinery By Jessica Jaganathan SINGAPORE (Reuters) – Oil prices edged higher on Wednesday on the prospects for stronger global economic growth amid increased COVID-19 vaccinations and a report that crude inventories in the United States, the world’s biggest fuel consumer, fell. But optimism about talks between the United […]

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Oil Prices Jump 6% as Volatility Debuts in Oversold Market

© Reuters. By Barani Krishnan and Liz Moyer Investing.com — The much-anticipated volatility in oil is finally here.  Crude prices settled up 6% on Wednesday, recouping virtually all of what they lost in the previous session. The rebound was largely technical, though it was also helped by a benign weekly dataset on U.S. oil supply-demand […]

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Analysis: Excessive exuberance: Canada home prices boil over as policymakers sit back

4/4 © Reuters. FILE PHOTO: A Royal LePage real estate sign is marked “Sold” in front of a house in Ottawa 2/4 By Julie Gordon and Nichola Saminather OTTAWA (Reuters) – Canada’s red-hot housing market has become a bonfire, spurring comparisons to earlier bubbles and prompting calls for cooling measures. But policymakers are standing back, […]

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Canada’s Alberta sees budget deficit narrowing to C$18 billion as oil prices recover

© Reuters. FILE PHOTO: Oil, steam and natural gas pipelines run through the forest at the Cenovus Foster Creek SAGD oil sands operations near Cold Lake. By Nia Williams (NYSE:) CALGARY, Alberta (Reuters) – The Canadian oil-producing province of Alberta on Thursday estimated its 2021/22 budget deficit will shrink to C$ 18.2 billion ($ 14.5 […]

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Exclusive: Kraft Heinz, Conagra may raise some product prices as grains, edible oil costs surge

2/2 © Reuters. FILE PHOTO: Heinz tomato ketchup is show on display during a preview of a new Walmart Super Center prior to its opening in Compton, California 2/2 By Richa Naidu and Siddharth Cavale CHICAGO (Reuters) – Kraft Heinz (NASDAQ:) Co and Conagra Brands (NYSE:) Inc said they may choose to raise prices this […]

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