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      Which Way Will Oil Prices Go?

      Posted by weissinc

      Saudi Arabia said on Friday that it would raise its daily output by 300,000 barrels per day … Angola is scheduled to start shipping a new blend of crude oil in July, boosting production by about 90,000 barrels a day… Iraqi oil production rose to more than 2.5 million barrels a day last week, the highest this year…

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    • Fed moves to halt market meltdown

      Posted by Sandyenglish

      If a week is a long time in politics, then two days in the financial markets can be even longer. Last Wednesday, William Poole, president of the St Louis Federal Reserve Bank, told Bloomberg TV that the subprime mortgage rout did not threaten US economic growth and that only a “calamity” would justify an interest rate cut.

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      The bear turns global

      Posted by SoxFirst

      The fallout from the US mortgage mess continues to hurt the US market and beyond. Clearly, issues once specific to the US are now flowing through to other markets as banks force borrowers to sell assets and investors scramble away from risk. And it will get worse.

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      Are the bears coming?

      Posted by SoxFirst

      Is the US market about to bust? Investors think US housing is going to get worse but the experts say there's no need to panic because the fundamentals are good. It's just an ordinary down day, they say.

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    gmc1

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