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Gold and Oil News - September 13, 2007 13:38
In surprise move, OPEC agrees to boost crude oil output
In surprise move, OPEC agrees to boost crude oil output VIENNA, Austria (AP) – OPEC sought to reassure jittery oil markets Tuesday by agreeing to boost crude production by 500,000 barrels a day – a move the cartel conceded was prompted partly by ‘clouds on the horizon’ from the U.S. housing slump. The Source: c.moreover.com
Surging oil unnerves investors
LONDON (CNNMoney.com) — U.S. stocks are likely to trade lower Thursday, with oil prices hovering near $80 a barrel and the dollar near an all-time low versus the euro. At 4:32 a.m. ET, Nasdaq and S&P futures were lower, with a comparison to fair value Read More…
The Second Sighting – By the Collection Agency
A recap of the scenario: bubble, easy money, inflation in fiat money supply, inflation in commodities and hard assets, inflation, fear of inflation, rising rates, YC inverting, flattening, rising and inverting again, tightening, withdrawal of liquidity, corrections, crashes, talk of stagflation, FEAR, withdrawal of speculative funds, further corrections and crashes, demand collapse…….Deflation.
OPEC Agrees to Modest Increase in Output
OPEC Agrees to Modest Increase in Output OPEC Agrees to Modest Increase in Output The Organization of Petroleum Exporting Countries agreed Tuesday to raise crude oil production by 500,000 barrels per day from the current 25.8 million barrels per day. OPEC reached the agreement at a ministerial
Wall St higher in broad-based rally
US stocks were higher, amid a broad-based rally that included a rebound in the battered financial sector Read More…
Bernanke: current account gap cannot persist
Bernanke: current account gap cannot persist BERLIN (Reuters) – Federal Reserve Chairman Ben Bernanke on Tuesday told a European audience that huge external debts were not unduly burdening the U.S. economy now, but that over time the U.S. current account gap is unsustainable.
Paris shares close higher as Wall St climbs sharply ahead of Fed speech
PARIS, Sep. 11, 2007 (Thomson Financial delivered by Newstex) — Shares closed sharply higher, after US stocks climbed strongly in early trade as investors awaited a speech by Federal Reserve Chairman Ben Bernanke, and as speculation over Areva’s future Read More…
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