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World Crude Oil

OPEC Meeting Preview - Five Things You Should Know

Leaders of the world's 12-member crude oil cartel gather this week in Vienna to discuss and perhaps set a production ceiling for the group in what is expected to rubber stamp the current state of affairs. It is also expected to feature a fierce tug-of-war between Saudi Arabia, the cartel's dominant producer, and Iran.
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New York Stock Exchange

US Stock Futures Point To Higher Opening Monday

Futures on major U.S. indices point to a higher opening Monday following the agreement by the eurozone finance ministers to lend Spain 100 billion euros ($125 billion).

US Trade Gap Shrinks In April, But Deficit With China Worsens

Lower U.S. demand for crude oil and petroleum products in April helped shrink the nation's balance-of-trade deficit from the previous month, the Commerce Department said Friday, but the trade deficit with China worsened.
International Business Times Logo

US Trade Deficit Improves In April: Commerce Dept.

Lower U.S. demand for crude oil and petroleum products in April helped shrink the nation's balance-of-trade deficit from the previous month, the Commerce Department said Friday, but the trade deficit with China worsened.
Oil

Oil Futures Plunge As Bernanke Disappoints

Crude oil futures declined Friday as the lack of explicit hints about further quantitative easing from Fed Chairman Ben Bernanke disappointed investors.
Kelsey Grammer

Is Kelsey Grammer Having A Mid-Life Crisis?

A younger woman. A Vegas wedding. A new tattoo. Kelsey Grammer may have all the fixings for a mid-life crisis. RadarOnline.com is reporting that the 57-year-old actor is going through some changes in his middle age and might not be coping with them so well.
The Bank of Italy building is seen downtown Milan

Italian Banks Primed To Blow Up

Italian banks appear close to joining Spanish banks as the euro zone's latest contribution to the financial world's endangered species list.
International Business Times Logo

Spain Plans High-Stakes Bond Sale

Spain will attempt Thursday to sell as much as 2 billion euros ($2.5 billion) of bonds at interest rates expected to be dangerously high.
Saudi women

Wider World Opened To Saudis Studying Abroad

Wearing the black face-covering veil favoured by Saudi women, Maha Mazyad looked through leaflets for prospective jobs with some of the Islamic kingdom's largest companies at a recent career fair in Riyadh.
Traders work on the floor of the New York Stock Exchange

US Stock Futures Point To Higher Opening Wednesday

Futures on the major U.S. indices point to a higher opening Wednesday ahead of a report on the Federal Reserve's Beige Book and the European Central Bank's (ECB) monthly rate-setting meeting.
Oil rigs are seen in Midland, Texas

Oil Futures Rise Above $85 Per Barrel; ECB In Focus

Crude oil futures edged higher Wednesday as positive US service sector data and the G7 leaders' pledge to tackle economic problems provided some relief to the markets.

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