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Tag Archives: Oil Prices

Stocks crash as UK vote to quit EU shocks investors

Brexit, stocks crash, Britain

LONDON (AP) — Stock markets crashed, oil prices tumbled and the pound fell to a 31-year low on Friday as Britain’s unprecedented vote to leave the European Union shocked investors and dragged the region, the world’s largest economic bloc, into a new era of uncertainty. Investors rushed to dump European shares as soon as markets opened, following earlier drops in ...

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Container shipping giant Maersk names new CEO

Maersk

COPENHAGEN, Denmark (AP) — The world’s largest shipping company, A.P. Moller-Maersk group, has appointed an insider as its new chief executive, sending its shares up more than 9 percent amid hopes he might help turn the company around. The Danish conglomerate, which is also an oil company, said Thursday that Soeren Skou, CEO of the container-shipping division Maersk Line, will ...

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AAA: Texas retail gasoline prices down a penny this week

COPPELL, Texas (AP) — Texas retail gasoline prices has slipped a penny this week to settle at an average $2.14 per gallon. AAA Texas on Thursday reported that the nationwide price at the pump held steady at $2.36 per gallon. Amarillo has the cheapest gasoline in Texas this week at an average $2.06 per gallon. The association’s weekly survey found ...

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Stock indexes fall yet again as British vote looms

NEW YORK (AP) — Stocks were declining for a sixth day Thursday as investors continued to brace for next week’s vote on whether Britain would remain a member of the European Union. Japanese stocks plunged 3 percent after the Bank of Japan decided not to increase its economic stimulus efforts. KEEPING SCORE: The Dow Jones industrial average fell 91 points, ...

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2015 Louisiana economy slows as government, services shrink

Louisiana

NEW ORLEANS (AP) — New figures show Louisiana’s economy slowed in 2015, but expanding refineries and chemical plants kept growth alive despite low oil prices, a shrinking private service sector and lower government activity. Gross domestic product numbers released Tuesday by the federal Bureau of Economic Analysis try to measure all the economic output of each state. Louisiana’s economy grew ...

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Stocks fall before Fed meeting; LinkedIn soars on buyout

NEW YORK (AP) — U.S. and global stocks were lower Monday, as investors waited to see what the Federal Reserve would do with interest rates later this week and awaited the fate of Britain’s membership in the European Union. LinkedIn shares jumped after Microsoft announced plans to buy the company. KEEPING SCORE: The Dow Jones industrial average lost 44 points, ...

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US stocks tumble as oil prices drag energy companies down

NEW YORK (AP) — U.S. stocks are skidding Friday as a drop in oil prices takes energy companies sharply lower. Banks are falling again as bond yields continue to shrink. The losses wiped out most of the market’s gains from earlier this week. KEEPING SCORE: The Dow Jones industrial average sank 105 points, or 0.6 percent, to 17,879 as of ...

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Global stocks slide amid concerns about world economy

MANILA, Philippines (AP) — Global stocks fell on Thursday as investors worried about the health of the global economy given the Federal Reserve’s cautious stance about raising its interest rates. Financial markets were closed for holidays in China, Hong Kong and Taiwan. KEEPING SCORE: In Europe, Britain’s FTSE 100 slid 0.9 percent at 6,248 and Germany’s DAX fell 1.2 percent ...

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US stocks climb with energy companies, oil hits milestone

stocks, oil, energy companies

NEW YORK (AP) — U.S. stocks continue to rise Tuesday as energy companies build on their surge from a day earlier. The price of oil surpassed $50 a barrel for the first time in almost a year. Phone companies are rising as bond yields fall. KEEPING SCORE: The Dow Jones industrial average rose 71 points, or 0.4 percent, to 17,991 ...

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Oil prices set for fourth-straight monthly gain

oi prices

The price of oil is on track to set its longest run of monthly gains in five years. Futures were up Tuesday morning in New York, paving the way for a fourth-straight monthly advance. Oil production has been disrupted in several different countries in recent months. Nigeria’s oil production is down 50 percent after a series of militant attacks. In ...

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