Friday&#39;s Commodities Roundup
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Crude oil futures in New York vaulted up 3.9 percent Friday, as supply fears continued to rattle the market following Hurricane Ivan.
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HOUSTON, Dec.7 -- After plummeting more than $7/bbl last week, crude futures prices bumped up Monday amid indications by several members of the Organization of Petroleum Exporting Countries that they might take action at their meeting Friday in Cairo to
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Gold and platinum prices soared to record highs Friday after mine stoppages in South Africa, a leading producer of the precious metals, fed buying on supply concerns.
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Investor's Business Daily - 1 Oct. crude shot up $1.68 to $79.91, an all-time high, after the gov&#39;t reported steeper-than-expected drawdowns in supplies. Those stocks fell 7.1 mil barrels last week, far more than the 2.4 mil barrels forecast. Heating oil surged 3.64 cents to $2.2191 a gallon, also a record. Analysts say heating oil supplies aren&#39;t as high as they should be this near to the winter season.
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Indexes are up so far this week, but another record oil price could put some of those gains at risk. NEW YORK (CNN/Money) - US stock markets were set for a little slip at Friday&#39;s open, but it would take a
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Major currencies moved in narrow ranges against each other as the focus turned to a US labor market report due out on Friday.
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NEW YORK - Oil and corporate earnings reports dominated the week. Oil bobbled around $55 a barrel for much of the week. US Federal Reserve Gov.
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Gold, oil and copper prices rose on  Tuesday, with copper recording its biggest ever one-day gain  and nickel touching a record high as investors returned after  last week&#039;s sell-off.
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Friday's market is today's money-making road map.
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Grain and soybean futures advanced Thursday on the Chicago Board of Trade.
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Investor's Business Daily - Nymex near-month oil rose 41 cents to $71.09 a barrel amid a Kansas refinery shutdown and tensions over Iran&#39;s alleged meddling in Lebanon and Iraq. In London, Brent crude rose $1.22 to $72.63. U.S. gasoline futures rose 0.59 cent to $2.2487 a gallon. But retail prices fell 2.3 cents last week to $2.959, the Energy Dept. said. The Int&#39;l Energy Agency urged OPEC to lift output.
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Crude oil continued to move upwards to fresh highs in Asian trade today, hitting a new mark of $52.53 US per barrel as the market took stock of a possible strike in Nigeria and the sluggish revival of output in key Gulf of Mexico oil
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Rising demand, a falling dollar and rosy economic predictions, have stoked the price of commodities in the last few years. But times are changing.
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Description: NPR&#39;s Alex Chadwick talks to Tess Vigeland of Marketplace about the week ahead in money and business. She reviews housing starts, inflation and the value of the dollar.
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Gold hit another record high on Monday before losing some strength, but turmoil in financial markets and expectations of aggressive U.S. rate cuts may help the metal touch the psychological level of $900 an ounce soon.
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Chips, bank slips and audio clips will rule the week ahead. Let's take a look.
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Oil prices made fresh gains on Friday after leaping almost $2 a day earlier the US government said crude stocks sank for the sixth straight week last week and distillate fuels barely grew ahead of winter.