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13 Dec 2004 07:51 AM
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Oil price in suspense about the impact of OPEC output cuts:
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Crude oil January delivery fell $0.18 to $40.53.
Crude oil futures begin to factor in colder weather in the US Northeast and OPEC decision to cut production to keep the prices high.
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10 Dec 2004 08:52 AM
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Fed’s confidence boosts chances of another rate hike:
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US Federal Reserve’s outlook on the economic situation has taken on an extra shade of confidence as the economy has shown a 3.9% annualised growth and the threat of inflation has been further removed.
Fed that has for months been reiterating its commitment to raising fed funds rate to a neutral level can be expected
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10 Dec 2004 08:13 AM
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Is Japan in for another false recovery? :
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Japan’s economic recovery may be coming to an end once again, as the previous two upturns the country has experienced since the early 1990s proved to be of short duration.
Concern was provoked by the release of private-sector machinery orders that help to assess the corporate investment
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10 Dec 2004 08:03 AM
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Oil prices waiting for OPEC meeting :
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Oil prices were little changed on Friday in anticipation of the OPEC meeting where a number of members including Kuwait, the United Arab Emirates, Libya, Venezuela and Algeria will push the cartel into a production drop of 1 million barrels per day (bpd).
U.S.
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09 Dec 2004 07:10 AM
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Oil rises on low distillate supplies :
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Crude oil futures were up again on the news of a lower-than-expected rise in winter distillate inventories including heating oil and diesel.
According
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08 Dec 2004 08:14 AM
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Oil little changed above $41 a barrel :
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Oil price stabilized a little on the expectations of a rise in distillates supply, including heating oil and diesel, due to increase in output, and a spell of warmer weather in the Northeast, home to 78% of the US heating oil users.
Mild weather in
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07 Dec 2004 07:22 AM
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Oil edges up as OPEC is projected to cut production:
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Oil prices moved up in the face of violence outbreak in Saudi Arabia, expectations of colder weather in the US, ongoing production outages throughout the world, and the calls within OPEC to cut excess capacity.
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06 Dec 2004 08:39 AM
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OPEC may cut quotas in the wake of price drop :
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OPEC ministers will meet in Cairo this week to work out a strategy in response to the recent sharp fall in oil prices.
The ministers can be expected to contemplate all possible options not excluding cutting quotas.
``We’ll discuss
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03 Dec 2004 11:29 AM
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Dollar drop beneficial for US producers:
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Dollar’s rapid decline may help the US auto manufacturers out.
General Motors CEO Rick Wagoner called for a further yen strengthening as the dollar decline would be beneficial for the US automakers as they struggle to compete with their Japanese rivals. The boss of the Detroit firm late Wednesday that he welcomed the yen’s recent rise against dollar but would appreciate the
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01 Dec 2004 10:35 AM
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Dollar continues its fall giving boost to other currencies:
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On thing everybody agrees on when it comes to discussing the dollar is that it is bound to fall. The top reason is the soaring US budget deficit that hit $412.5 billion this year. High oil prices hovering around $50 a barrel also weigh heavily on the US economy, as well as the current account deficit predicted to surge to 6.4% of the Gross
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01 Dec 2004 07:22 AM
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OECD 2005 forecasts bleak as oil rises and US deficit widens:
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The Organization for Economic Co-operation and Development (OECD) predicts global economic growth to be at 3.6% in 2004. The OECD lowered its forecast in the wake of a rise in oil prices and drop in consumer confidence
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01 Dec 2004 07:11 AM
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Oil prices drop under $50 in anticipation of distillates report:
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Oil prices dropped to $49.13 a barrel on Tuesday on the news of increasing U.S. heating fuel supplies alleviated worries about the fuel crisis in the North-East in anticipation of coder-than-usual temperatures.
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30 Nov 2004 08:09 AM
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OECD: China economic growth finally slows down:
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The Organization for Economic Co-operation and Development has released data that predict the economic growth in China to slow down to 8% next year, as a result of higher energy costs and government measures designed to keep the economy from overheating.
GDP
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29 Nov 2004 10:07 AM
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UK economic growth projected to slow down:
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CBI research has shown a drop in order books for UK manufacturers. According to their survey, 16% of UK companies reported above-normal activity in the order books, while 32% believe their orders are lower than usual
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29 Nov 2004 07:47 AM
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Iraq’s Oil Output bounces back:
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The supply of Iraqi oil has experienced sharp swings following the start of the US invasion. In 2004 second and third quarters the production has been approximately two million barrels of oil a day, 20% down from pre-war levels as a result of a violent sabotage campaign.
The
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