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Oil Declines a Third Day as Greek Referendum Raises Default Risk Oil Declines a Third Day as Greek Referendum Raises Default Risk

The following is an excerpt from Mark Shenk and Moming Zhou | November 1, 2011 | Washpost.bloomberg.com | Nov. 1 (Bloomberg) -- Oil fell for a third day after Greek Prime Minister George Papandreou’s pledge to hold a referendum raised the prospect of the failure of Europe’s bailout plan. Futures dropped as much as 4.3 percent after Greece’s decision to call a vote on its five-day-old bailout sent equities and the euro lower. Crude climbed 6.8 percent last week, the biggest gain ... Read More

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Oil Climbs to Three-Month High After Report of U.S. Supply Drop Oil Climbs to Three-Month High After Report of U.S. Supply Drop

The following is an excerpt from Mark Shenk | November 9, 2011 | washpost.bloomberg.com (Bloomberg) -- Oil climbed to a three-month high in New York after the U.S. Energy Department reported an unexpected decline in crude inventories and tumbling fuel stockpiles. Futures rose for a sixth day as the report showed a 1.37 million-barrel crude supply drop last week. Stockpiles were forecast to grow 500,000 barrels, according to the median of 13 analyst estimates in a Bloomberg News survey. Fuel inventories fell ... Read More

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