US inventories continue rising, oil investment falters

Crude oil prices continued their prolonged tumble on the commodities market today, falling for the sixth consecutive day, as European economies showed further signs of deteriorating. Perpetually increasing stockpiles of the fuel in the US also took a toll on oil investment. West Texas Intermediate crude oil futures for delivery in June lost $1.24 to settle at $95.77 per barrel in New York...
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Shutdown of U.S. refineries spells trouble among oil consumers

The impending closure of oil refining plants in Philadelphia and in the northeastern states could trigger a surge in prices of gas and heating oil. Operations of Sunoco’s Marcus Hook refinery have been suspended since December 2011, while its other refinery in Philadelphia may soon face closure if the company fails to arrange a buy-out. The move is part of Sunoco’s investment strategy to divert...
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US economy heals as oil investment recovers

Brent crude oil futures held their ground, hovering around the $119 per barrel mark on the global  commodity index today, as optimistic financial reports out of the US pared down the damage that news of oversupplies wreaked on the sector. Traders speculated that the US’ faster than expected recovery out of recent economic hardships signified a peak oil investment period on the charts. The US...
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Oil, gas prices show slight changes during lenten week

The shortened trading week due to the Lenten season caused minimal change in oil prices during the period.  Prices went up the first day of the week only to fall the next two days due to reports of U.S. crude supply build-up. Thursday saw prices move up again. Wednesday’s decline was partly due to poor sales of Spanish bonds.  Spain’s financial sector appeared shaky, warding off badly needed...
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How to invest like the best of them

No one enjoys losing money on the stock market. With the current economic times seemingly tougher than ever, the list of people, companies and phenomenon to blame for losses is a long and tempting one. Yet ultimately it is not the individual companies, or an individual product or the stock market as a whole that dictate the fate of one’s investments. It is the investor him/herself. Such is the...
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