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Stocks rose Wednesday as investors bet the Fed would continue to support the economy.
NEW YORK, Dec 17- The S&P 500 scored its best day since October 2013 on Wednesday as the Federal Reserve gave an upbeat assessment of the economy and said it would take a patient approach toward lifting interest rates. "This is the market saying,' Ah, I get it,' the Fed does not want to be in the business of disruption, this is a steady monetary policy and the Fed will continue...
Trying to pick a bottom in energy stocks: is this the time to go long?
HOUSTON, Dec 17- Motiva Enterprises has withdrawn its permit request to expand a hydrocracker and diesel hydrotreater unit at its Texas refinery, the largest in the United States. In a brief letter received by the U.S. Environmental Protection Agency earlier this month, Motiva asked, without explanation, to withdraw its August permit application for the...
Oil stocks bounced, in their best day in three years, but oil industry analysts say the equities may be premature in celebrating a bottom in oil prices.
BP PLC rose $1.83 or 5.1 percent, to $37.59. ConocoPhillips rose $4.21 or 6.7 percent, to $67.43. Exxon Mobil Corp. rose $2.55 or 3.0 percent, to $88.96.
Some of Wednesday's midday movers:
BRUSSELS, Dec 17- An attempt by some European politicians to veto the import of tar sands oil failed on Wednesday after a European Parliament vote, giving a boost to Canada but dismaying green campaigners. After years of lobbying from Canada, the European Commission published a new plan in October on reporting the greenhouse gas intensity of transport fuels.
Few U.S. companies have a big exposure to the Russian ruble's ongoing collapse.
BP PLC rose$. 61 or 1.7 percent, to $36.37. ConocoPhillips rose $2.28 or 3.6 percent, to $65.50. Marathon Oil Corp. rose$. 61 or 2.4 percent, to $25.92.
BP PLC rose$. 82 or 2.3 percent, to $35.76. ConocoPhillips rose $1.53 or 2.5 percent, to $63.22. Exxon Mobil Corp. fell$. 49 or. 6 percent, to $86.41.
NEW YORK, Dec 16- The proverbial knife is falling. "With the stocks down so big, seems to be an intermediate opportunity in the group," said Doug Kass, president of Seabreeze Partners in Palm Beach, Florida. Between the beginning of the year and June 23, the sector had gained 13 percent on the back of a steady rise in oil prices and expectations for improved growth.
Dec 16- Citgo Petroleum Corp, Venezuela's U.S. oil refining unit, has received revised bids from at least four bidders, some which have valued the company at more than $10 billion, according to three people familiar with the matter. The companies that made bids in December include Marathon Petroleum Corp, Valero Energy Corp, HollyFrontier Corp and a consortium of...
Some of Tuesday's midday movers:
7. Father John Misty, " Chateau Lobby #4". 8. Mark Ronson, "Feel Right". 1. Mark Ronson, "Uptown Funk".
BP PLC rose $1.29 or 3.7 percent, to $36.23. ConocoPhillips rose $2.86 or 4.6 percent, to $64.55. Exxon Mobil Corp. rose $1.03 or 1.2 percent, to $87.93.
BP PLC rose$. 25 or. 7 percent, to $35.19. ConocoPhillips rose$. 56 or. 9 percent, to $62.25. Exxon Mobil Corp. rose$. 31 or. 4 percent, to $87.21.
BP PLC fell $1.30 or 3.6 percent, to $34.94. ConocoPhillips fell$. 76 or 1.2 percent, to $61.69. Exxon Mobil Corp. rose$. 30 or. 3 percent, to $86.90.
Stocks ended lower Monday after the Dow traded in a more than 300-point range on either side of neutral.
WASHINGTON, Dec 15- The Obama administration has not yet made a decision on whether the president will sign a bill authorizing new sanctions against Russia over its activities in Ukraine, a senior administration official said on Monday. The official, who declined to be identified, said the administration "remains deeply concerned about the aggressive actions...