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Market Roundup

Crude Oil prices fell yesterday, but a bounce by equity markets pulled crude futures well above lows and allowed traders to shrug off data showing combined U.S. crude and product stocks rose to the highest since weekly records began in 1990.

In Focus

- U.S. commercial crude and product stocks rose last week to the highest level since the U.S. government began tracking weekly data, government data showed Wednesday, a sign fuel supply is outpacing demand amid a slow U.S. economic recovery.

- China’s diesel exports...

A Jefferies analyst downgraded Basic Energy Services Inc. Monday, saying weak natural...

Natural gas prices have slumped well below what they were last year, and that trend will likely continue into 2010.

The New York Mercantile Exchange contract for January delivery at one point dropped to...

Natural-gas prices will rise next month for Columbia Gas of Ohio customers, but the rate will be at one of the lowest levels in years.

Columbia customers will pay 56 cents per 100 cubic feet of gas in November, before taxes and fees, up from 49 cents this month, the company said yesterday. But next month’s rate will be...

Texas oil tycoon T. Boone Pickens said on Tuesday he has increased his long oil and natural gas position in recent weeks.

Alberta’s natural gas industry is unlikely to return to its former prominence in the provincial economy, leaving a gap that will have to be filled through diversification, a report said Monday.

Already reeling from a precipitous drop in prices, the province’s natural gas industry faces major long-term challenges amid a glut of new supplies, according to the report by TD Economics.

The Energy Information Administration (EIA) projects the monthly “Henry Hub” natural-gas spot price to average $2.32 per thousand cubic feet (Mcf) in October, the lowest monthly average spot price since September 2001, according to the most recent Short-Term Energy Outlook.

Gasoline prices rose more than 15 cents in the past two weeks, the result of rising crude oil prices, according to a survey published Sunday.

The average national price of a gallon of unleaded gasoline was at $2.6442, the August 7 Lundberg survey found, an increase of 15.83 cents from two weeks ago.