Energy Industry News
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Oil traded near the highest price in more a month after Goldman Sachs Group Inc. predicted “upside” potential, amid signs U.S. crude stockpiles are increasing less rapidly than previously forecast.
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The top U.S. derivatives regulators voted 3 to 2 today to curb trading in oil, wheat, gold and other commodities after a boom in raw-materials speculation, record- high prices and years of debate and delay.
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At a time when the world is facing its biggest sugar glut in at least four years, trade barriers mean the European Union is contending with a second consecutive annual shortage.
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Oil traded near the highest price in more a month after Goldman Sachs Group Inc. cited “upside” potential, countering forecasts for rising U.S. inventories.