360° Coverage : Oil up slightly as optimism over US budget grows

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Oil up slightly as optimism over US budget grows

Source: Columbus Ledger-Enquirer (Georgia), Dec 5 2012, 8:08am CST

The price of oil inched up closer to $89 a barrel on Wednesday on expectations U.S. political leaders will reach a budget deal before a year-end deadline and growing confidence that the Chinese government would ...

Continue reading on: Columbus Ledger-Enquirer (Georgia)

 
 
Update
10

1 hour ago

Oil prices lower on weak China PMI data

Source: CME Group  |   May 23 2013, 7:23am CDT

At the moment the externals are driving most all risk asset markets lower as global equities were hit with a strong round of selling over the last twenty four hours. It started yesterday as the market became a bit uneasy after the US Fed Chairman said ...

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Update
9

3 hours ago

US House sends message on Keystone pipeline

Source: PhysOrg.com  |   May 23 2013, 5:44am CDT

Environmental activists march through midtown protesting the proposed Keystone XL pipeline, May 13, 2013 in New York. US lawmakers agreed to a bill that would speed construction of a Canada-US oil pipeline and circumvent the need for Presiden ...

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Update
8

24 weeks ago


Quote:
"We think the odds strongly favor a modest agreement that will likely be announced over the second half of December and one which should push most markets substantially higher"


Source: Columbus Ledger-Enquirer (Georgia)

 

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Update
7

6 hours ago

Japan stocks dive after benchmark bond yield spike

Source: Sify  |   May 23 2013, 2:24am CDT

"If everyone is standing on one side of the ship, it doesn't take too much to make it tip. All we needed was a cluster of negative events," he said. Still, the sell-off is a reminder of Japan's vulnerability as Prime Minister Shinzo Abe tries to en ...

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Update
6

13 hours ago

U.S. House’s Keystone bill aimed at wresting control of project from Obama

Source: Globe and Mail  |   May 22 2013, 7:24pm CDT

The U.S. House of Representatives has turned up the political heat on the Obama administration over the controversial Keystone XL pipeline, passing a bill Wednesday that would grant approval for the project. In a 241-175 vo ...

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Update
5

21 hours ago

Oil falls near $95 on small drop in supplies

Source: San Diego Local News 1  |   May 22 2013, 10:59am CDT

A House committee taking Congress' latest look at the Internal Revenue Service's mistreatment of tea party groups will apparently have to do so without input from the star witness. The Internal Revenue Service official at ...

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Update
4

22 hours ago

Are oil pipeline spills inevitable?

Source: Christian Science Monitor  |   May 22 2013, 10:13am CDT

Exxon Mobil hasn't asked federal regulatory authorities to restart the Pegasus oil pipeline, which burst open in a neighborhood in Mayflower, Ark. In March, a 22-foot rupture in the pipeline spilled about 5,000 barrels of d ...

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Update
3

1 day ago

COLUMN-Keystone XL double standard: Tale of 2 pipelines: Campbell

Source: Reuters  |   May 22 2013, 8:50am CDT

NEW YORK May 22 (Reuters) - A casual observer familiar with the Keystone XL saga would think the United States was making it very hard to build any oil sands-related pipelines. But nothing could be farther from the truth. While TransCanada Corp's K ...

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Update
2

1 day ago

Obama threatens Keystone XL veto

Source: United Press International  |   May 22 2013, 5:19am CDT

WASHINGTON, May 22 (UPI) -- U.S. President Barack Obama would veto a House measure that would fast-track the approval of the planned Keystone XL oil pipeline, the White House said. The House of Representatives pass ...

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Update
1

1 day ago

Bad Faith and Budget Politics

Source: The American Prospect  |   May 21 2013, 5:00pm CDT

Compromise is often an unhappily revealing art. “Ideals may tell us something important about what we would like to be. But compromises tell us who we are,” the philosopher Avishai Margalit writes. In finding compromises with Republicans on the federa ...

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