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SINGAPORE (AP) ? Oil prices hovered above $85 a barrel Wednesday in Asia after a U.S. supply report gave mixed signs about demand for crude.
Benchmark oil for October delivery was up 4 cents to $85.48 at midday Singapore time in electronic trading on the New York Mercantile Exchange. Crude rose $1.02 to finish at $85.44 on Tuesday.
In London, Brent crude for October delivery was up 19 cents to $109.50 on the ICE Futures exchange.
The American Petroleum Institute said late Tuesday that crude inventories fell 3.3 million barrels last week while analysts surveyed by Platts, the energy information arm of McGraw-Hill Cos., had predicted an increase of 2.0 million barrels.
However, inventories of gasoline jumped 6.4 million barrels last week while distillates rose 2.0 million barrels, the API said.
The Energy Department's Energy Information Administration reports its weekly supply data later Wednesday.
Investors are closely watching economic and oil data for evidence about the strength of U.S. crude demand. Prices have fallen from near $115 in May amid growing speculation that the U.S. economy could contract soon.
"The market has gone through a shift with the emergence of talk of double dip recession," BNP Paribas said in a report.
The bank said it lowered its average crude price forecast ? to $92 for the third quarter and $98 in the fourth ? but still expects prices to rise from current levels because of expected U.S. dollar weakness and low interest rates.
Traders are also eyeing ongoing fighting in Libya's capital Tripoli between rebels and supporters of Moammar Gadhafi. Rebels stormed Gadhafi's compound Tuesday, but the leader and his sons were still at large.
Fighting since February has cut the OPEC nation's crude output to 60,000 barrels a day from 1.5 million, and analysts expect the overthrow of Gadhafi's 42-year regime would allow oil production to return gradually to pre-war levels.
In other Nymex trading for October contracts, heating oil rose 0.8 cent to $2.98 per gallon and gasoline futures added 0.4 cent to $2.75 per gallon. Natural gas for September delivery fell 1.0 cent to $3.98 per 1,000 cubic feet.
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A $1,000 award, sponsored by American Art Resources, Houston, will be provided to a Principal Investigator to conduct or supplement Arts in Healthcare research. Society members from all countries are invited?to apply.?Selection will be made on the merit, innovation, and feasibility of the research proposal.
Full details of the scheme and instructions on how to apply are available from the Society for the Arts in Healthcare web site. Applications close on September 1, 2011.
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The Centre for Medical Humanities, Durham University This entry was posted in Announcements, Arts in Health and tagged arts in health. Bookmark the permalink.homecoming dresses resolute bay resolute bay pi homes for sale wolves star trek
We all know that we need to have our lives in order in the event of our demise because our families are so important to us. As the Death Tax slowing dies over the next many years, it behooves all of us to have estate plans and trusts set up to shield our assets from legal liabilities which can pop-up out of nowhere and also to pay the least amount of taxes to the government after we die.
Estate Plans and Trusts Discussed
Source: http://www.finance4noobs.com/estate-plans-and-trusts-discussed/
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