US Crude Stocks, Gasoline and Distillate Inventories Fall EIA

NEW YORK, July 3 Reuters U.S. crude stocks plunged by much more than expected last week as refining and export activity increased, while gasoline and distillate inventories also fell, the Energy Information Administration said on Wednesday. Crude inventories fell by 12.2 million barrels to 448.5 million barrels in the week ending June 28, the EIA […]
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Oil Prices Up Slightly as US Crude Oil Inventories Fall

US crude oil stocks fell more than expected last week EIA OPEC oil output rises for second month in June China business activity decelerates NEW YORK, July 3 Reuters Oil prices were up slightly on Wednesday after a largerthanexpected decline in U.S. crude stocks, but thin trading ahead of the U.S. Independence Day holiday and […]
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Brazils Industrial Output Falls Less than Expected in May

SAO PAULO, July 3 Reuters Industrial production in Brazil fell 0.9 in May from April, government statistics agency IBGE said on Wednesday, below the 1.7 decline estimated by analysts polled by Reuters. Still, Brazilian factories posted their secondconsecutive monthonmonth drop, down a cumulative 1.7 in the period. Production in May retreated 1.0 from a year […]
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Sterling Set for Fifth Daily Rise ahead of UK Election

LONDON, July 3 Reuters The pound rose on Wednesday, taking advantage of a softening in the dollar and a reading of business activity that showed growth in the British services sector cooled in June, but not by as much as initially forecast. The U.S. currency weakened against most others on Wednesday, bar the Japanese yen and Chinese […]
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