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Saturday, November 21, 2009 11:11 PM

Published 11/03/2009 by CNBC


Oil Rises Above $79 Ahead of US Inventory Data

Sectors:Oil and Gas

Companies:Berkshire Hathaway Inc.

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Oil rose above $79 a barrel after data showed U.S. factory orders in September expanded at a quicker pace than expected, signaling potential for more fuel demand in the world's biggest energy consumer.

Factory orders expanded...

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What others report on the same story

Oil slips below $77
LONDON: Oil fell more than $1 per barrel to below $77 on Tuesday as stock markets slipped in Europe and Asia and the dollar rose against a basket of currencies.European ... - [11/04/2009 - The News International]
Oil slips below $77 ahead of U.S. inventory dat...
LONDON (Reuters) Oil fell more than $1 per barrel to below $77 on Tuesday as stock markets slipped in Europe and Asia and the dollar rose against a basket of cu ... - [11/03/2009 - Yahoo! News]
Oil rises above $79 on U.S. factory data, gold ...
NEW YORK (Reuters) - Oil rose above $79 a barrel on Tuesday after data showed U.S. factory orders in September expanded at a quicker pace than expected, signaling ... - [11/03/2009 - Globe Investor]
Oil extends gains above $78, eyes U.S. crude st... - [11/03/2009 - Reuters UK]
Oil extends gains above $78, eyes U.S. crude st... - [11/03/2009 - Reuters: Business News]
Oil extends gains above $78, eyes U.S. crude st... - [11/03/2009 - Easy Bourse]
Oil above $78, eyes US crude stocks - [11/03/2009 - Times of India]
Oil extends gains above $78 - [11/03/2009 - Economictimes]
Oil steady above $78, eyes U.S. crude stocks - [11/03/2009 - Globe Investor]
Oil steady above $78, eyes U.S. crude stocks - [11/03/2009 - Reuters via MSN Money]
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Quotes

"Factory orders are a positive sign. This helps the broad sentiment that an economic recovery will eventually boost fuel demand and send prices higher" said Gene McGillian...
Oil Rises Above $79 Ahead of US Inventory Data [CNBC - 11/03/2009]
"We do not share the position of increasing output. We still notice a lot of instability in the oil market" Venezuelan Energy Minister...
Oil Rises Above $79 Ahead of US Inventory Data [CNBC - 11/03/2009]

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Rising factory orders bolster recovery prospect... [M0 - 11/03/2009]
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Factory orders rise 0.9 percent in September (AP) [M0 - 11/03/2009]
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Sept factory orders rise 0.9 percent (Reuters) [M0 - 11/03/2009]
Reuters - New orders received by U.S. factories rose a stronger-than-expected 0.9 percent in September, while inventories continued to shrink, the Commerce Department ...
Ahead of the Bell: Factory orders (AP) [M0 - 11/03/2009]
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