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      <title><![CDATA[Market News Updates - quantminer.webnode.page]]></title>
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      <pubDate>Wed, 12 Nov 2008 10:06:00 +0200</pubDate>
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      <category><![CDATA[Market News Updates]]></category>
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         <title><![CDATA[Cheaper oil won't scuttle Obama's efficiency plan]]></title>
         <link>https://quantminer.webnode.page/news/cheaper-oil-wont-scuttle-obamas-efficiency-plan/</link>
         <description><![CDATA[NEW YORK - Companies specializing in home energy efficiency should get a boost under U.S. president-elect Barack Obama's administration despite a slowing economy and a sharp drop in oil prices.
U.S. energy independence and diversity came to the fore of the presidential election after crude oil prices peaked at over $147 US a barrel in July, driving fuel costs to fresh records.
While crude oil prices have since tumbled to below $60 per barrel, experts say the economic benefits of Obama's energy...<br />
QuantMinds.NET]]></description>
         <pubDate>Wed, 12 Nov 2008 10:06:00 +0200</pubDate>
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         <category><![CDATA[Market News Updates]]></category>
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         <title><![CDATA[Oil slips below $58 on global growth pessimism ]]></title>
         <link>https://quantminer.webnode.page/news/oil-slips-below-58-on-global-growth-pessimism/</link>
         <description><![CDATA[SIOUX FALLS, S.D. — Oil prices dropped below $57 a barrel Wednesday as a Bank of England warning about the risk of deflation stoked fears of stagnating global growth.
Light, sweet crude for December delivery was down $2.49 at $56.85 a barrel on the New York Mercantile Exchange. Oil prices have plunged more than 60 percent in four months, falling from a record $147.27 in July.
Phil Flynn, an analyst at Alaron Trading Corp., said London's expectation that inflation will fall below its target of 2...<br />
QuantMinds.NET]]></description>
         <pubDate>Wed, 12 Nov 2008 10:05:00 +0200</pubDate>
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         <category><![CDATA[Market News Updates]]></category>
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         <title><![CDATA[Indexes & Commodities Down, Dollar Mixed As Paulson Offers Prognosis]]></title>
         <link>https://quantminer.webnode.page/news/indexes-commodities-down-dollar-mixed-as-paulson-offers-prognosis/</link>
         <description><![CDATA[
Stocks continued to drill lower as Treasury Secretary Henry Paulson argued for an expanded use of $700 billion in federal financial relief funds, and underscored the need to prop open U.S. channels of consumer credit.
The NYSE composite had slipped 3.5% at 10:55 a.m. EST. The Dow and S&amp;P 500 slumped 2.5% and the Nasdaq composite limped to a 2.4% loss.
On the Dow, American Express  (AXP), United Technologies  (UTX) and Hewlett Packard  (HPQ) fell hardest. General Motors  (GM) and Citigroup...<br />
QuantMinds.NET]]></description>
         <pubDate>Wed, 12 Nov 2008 09:56:00 +0200</pubDate>
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         <category><![CDATA[Market News Updates]]></category>
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         <title><![CDATA[Opec ready to restrict supplies as oil price falls to 20-month low]]></title>
         <link>https://quantminer.webnode.page/news/opec-ready-to-restrict-supplies-as-oil-price-falls-to-20-month-low/</link>
         <description><![CDATA[
The oil price continued its downward path today despite a prediction from an influential group that the era of cheap energy was over.
The cost of a barrel of New York crude oil for delivery in December slipped by 4% today, or nearly $1.80, to around $57.50 this afternoon. This is its lowest level since March 2007, and 60% lower than the all-time high of $147 a barrel reached this summer. Brent crude also fell today, losing $1.61 to $54.10 a barrel.
Traders said the weakness was prompted by...<br />
QuantMinds.NET]]></description>
         <pubDate>Wed, 12 Nov 2008 09:54:00 +0200</pubDate>
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         <category><![CDATA[Market News Updates]]></category>
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         <title><![CDATA[Deep water more marginal than oilsands]]></title>
         <link>https://quantminer.webnode.page/news/deep-water-more-marginal-than-oilsands/</link>
         <description><![CDATA[







Trust&#160;Canada's foremost energy bull, CIBC World&#160;Markets chief economist Jeff Rubin, to&#160;point out&#160;the bright side in the recent spate of postponements of oilsands projects and upgraders.
"The reason why what's happened in the Calgary oilpatch is so important (to world energy markets) is probably by 2010 Canadian oilsands were likely to surpass deep water as the marginal&#160;barrel of oil. Well, that's not going to be happening, based on what I've heard coming out of...<br />
QuantMinds.NET]]></description>
         <pubDate>Tue, 11 Nov 2008 14:11:00 +0200</pubDate>
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         <category><![CDATA[Market News Updates]]></category>
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         <title><![CDATA[Oil ends at 19-month low below $60]]></title>
         <link>https://quantminer.webnode.page/news/oil-ends-at-19-month-low-below-60/</link>
         <description><![CDATA[NEW YORK (CNNMoney.com) -- The price of oil fell to a 19-month low Tuesday, sliding below the psychologically important $60 level, as investors looked past China's massive economic stimulus plan to focus on weak global demand and a stronger dollar.
Light, sweet crude for December delivery fell $3.08 to settle at $59.33 a barrel in New York. Tuesday's decline brings the price to its lowest level since March 21, 2007, when it settled at $59.61 a barrel.
The price of oil has fallen about 60% from...<br />
QuantMinds.NET]]></description>
         <pubDate>Tue, 11 Nov 2008 13:58:00 +0200</pubDate>
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         <category><![CDATA[Market News Updates]]></category>
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         <title><![CDATA[Oil Falls to 19-Month Low, Gasoline Tumbles, on Demand Outlook  ]]></title>
         <link>https://quantminer.webnode.page/news/oil-falls-to-19-month-low-gasoline-tumbles-on-demand-outlook/</link>
         <description><![CDATA[Nov. 11 (Bloomberg) -- Crude oil fell below $59 a barrel in New York for the first time since March 2007, and gasoline tumbled, on speculation the International Energy Agency will cut its 2009 oil-demand forecast because of slowing economic growth.
The IEA, which coordinates energy policy in 28 developed countries, will reduce the estimated growth in global demand for a third month in a report tomorrow, according to four former IEA analysts. The euro-area economy will probably contract 0.7...<br />
QuantMinds.NET]]></description>
         <pubDate>Tue, 11 Nov 2008 09:40:00 +0200</pubDate>
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         <category><![CDATA[Market News Updates]]></category>
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         <title><![CDATA[Oil falls to US$60 as China spending optimism wanes]]></title>
         <link>https://quantminer.webnode.page/news/oil-falls-to-us-60-as-china-spending-optimism-wanes/</link>
         <description><![CDATA[Oil prices fell to near an 18-month low of US$60 a barrel Tuesday as hopes waned that a huge Chinese spending plan will do much to avert a prolonged slowdown in the global economy.
Light, sweet crude for December delivery was down $2.27 to $60.14 a barrel in electronic trading on the New York Mercantile Exchange by midday in Europe. The contract overnight rose $1.37 to settle at $62.41.
In London, December Brent crude fell $2.13 to $56.95 a barrel on the ICE Futures exchange.
Oil closed at...<br />
QuantMinds.NET]]></description>
         <pubDate>Tue, 11 Nov 2008 09:39:00 +0200</pubDate>
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         <category><![CDATA[Market News Updates]]></category>
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         <title><![CDATA[Oil rises on China rescue plan, Saudi cuts]]></title>
         <link>https://quantminer.webnode.page/news/oil-rises-on-china-rescue-plan-saudi-cuts/</link>
         <description><![CDATA[By Edward McAllister
&#160;
NEW YORK (Reuters) - Oil prices rose on Monday as Saudi Arabia's move to cut supplies and China's launch of a $600 billion economic stimulus plan aided market volatility.
&#160;
Concerns about an economic recession had earlier pushed prices down, as General Motors shares slumped, Fannie Mae recorded a record $29 billion loss and the United States pledged further support for struggling insurer AIG.
&#160;
U.S. crude rebounded from earlier lows to rise $1.45 to $62.49...<br />
QuantMinds.NET]]></description>
         <pubDate>Mon, 10 Nov 2008 13:49:00 +0200</pubDate>
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         <category><![CDATA[Market News Updates]]></category>
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         <title><![CDATA[ Oil prices jumped above US$65 a barrel Monday ]]></title>
         <link>https://quantminer.webnode.page/news/oil-prices-jumped-above-us-65-a-barrel-monday/</link>
         <description><![CDATA[VIENNA, Austria - Oil prices jumped above US$65 a barrel Monday as world stock markets rallied on news of a massive Chinese economic stimulus plan, which could underpin demand for crude.
Increasing evidence that OPEC production cutbacks were taking hold also helped support prices.
Light, sweet crude for December delivery was up $4.28 to $65.32 a barrel in electronic trading on the New York Mercantile Exchange by afternoon in Europe. The contract Friday rose 27 cents to settle at $61.04.
China's...<br />
QuantMinds.NET]]></description>
         <pubDate>Mon, 10 Nov 2008 10:57:00 +0200</pubDate>
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         <category><![CDATA[Market News Updates]]></category>
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