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Companies team for technologies
NEW YORK, May 24 (UPI) -- The wholesale price of crude oil for July delivery closed up Tuesday at $49.67 per barrel on the New York Mercantile Exchange.
The rise reflected U.S. refiners calculations about volumes that will be needed during the summer driving season, analysts said.
In London, the price of a barrel of Brent crude rose slightly to $48.71.
London's Center for Global Energy Studies noted the world's oil cartel is divided on whether to reduce output to prevent a further drop in prices as global supplies grow, the Financial Times reported.
"Although Saudi Arabia has said it intends to maintain production levels over the summer, others in the organization are calling for the over-production to be reined in," the CGE said Monday.
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THE HAGUE, Netherlands, May 23 (UPI) --
Plans by Shell to expand operations in oil fields in the Canadian province of Alberta are threatening the environment, a tribal group said.
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MELBOURNE, Fla., May 23 (UPI) --
Northrop Grumman says its Military Airworthiness Certification is closer for its re-engined EC-8 Joint Surveillance Target Attack Radar System aircraft.
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The housing inventory rose slightly in April, which is unusual in the middle of the spring sales season. The uptick may be the result of rising seller confidence and it should ease concerns that the super tight inventory levels of the last six months...
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What if Europe turned out to be the new Japan?
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