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Oil extends rally to $35 after Iran welcomes output freeze
Oil rose to $35 a barrel on Thursday after Iran welcomed plans by Russia and Saudi Arabia to freeze output and an industry report showed a surprise drop in U.S. inventories.
The gain added to a more than 7 percent surge in the previous session,…

Wind energy benefits for Hidalgo County and RGV
As the debate over climate change rages on — with some fervently believing we need to curb our fossil fuel usage, while others think it is a global hoax — there’s one thing we know for certain: South Texas has plenty of wind.
And harnessing…

Russia says better Iran-Saudi Arabia ties would help oil prices: RIA
Russia wants to see improved relations between Iran and Saudi Arabia at a time when joint action is needed to influence global oil prices, the RIA news agency on Monday quoted Zamir Kabulov, a senior official at Russia's Foreign Ministry, as…

Global shares climb as firmer Chinese yuan eases deflation fears
World stocks rose sharply on Monday as China's central bank fixed the yuan at a much stronger rate and oil cemented recent gains, easing fears of global deflation.
The rally belied a string of poor economic data from Beijing and Tokyo as…

Saudi Arabia, Venezuela talk of co-operation to stabilize oil market
Saudi Arabia's oil minister Ali al-Naimi discussed cooperation between OPEC members and other oil producers to stabilize the global oil market with his Venezuelan counterpart on Sunday, state news agency SPA reported.
Venezuela's Oil Minister…

Five Reasons Oil Is Driving The Stock Market
At its basic level the price of oil is a product of supply and demand. Other factors such as political turmoil can influence it but the main factor is supply and demand. At times and especially now oil is viewed as a proxy for the global economy,…

Why Cheap Oil Prices Could Be Bad for the Global Economy
Drivers are rejoicing over historically low prices at the pump.Yet while cheap gas prices are great for household budgets, they could indicate big trouble for the global economy, some economists say.
Markets around the world rely heavily on…
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