BP Plc (BP/), Royal Dutch Shell Plc (RDSA) and Platts were visited by EU inspectors last week over allegations they “colluded in reporting distorted prices” to manipulate the published prices
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Enron No Lesson to Traders as EU Probes Oil-Price Manipulation
BP Plc (BP/), Royal Dutch Shell Plc (RDSA) and Platts were visited by EU inspectors last week over allegations they “colluded in reporting distorted prices” to manipulate the published prices
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Oil below $104 on demand worries, strong dollar
Three regional Federal Reserve officials called for the U.S. central bank to stop buying mortgage-backed bonds, leading to gains in the dollar. A stronger dollar makes dollar-denominated commodities more ex
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Oil Price-Fixing Probe Widens as Neste Helps EU Inquiry
The widening investigation comes as Pannonia Ethanol, a Hungarian biofuel producer, said it lodged a complaint with the European Commission last year after data-pricing company Platts denied
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Gold heads for seventh straight loss
Gold for June delivery GCM3 -0.77% fell $13.30, or nearly 1%, to $1,373.60 an ounce.
The precious metal is down 4.4% this week so far, dropping be
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Gold hits one-month low, eyes longest downturn since 2009
If gold ends lower on the day, it would be its longest losing streak since March 2009. The drops have already helped to fuel another scramble for bullion that has p
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Physical gold demand shines in first quarter: WGC
The report helps shed light on demand during the period just before April’s pl
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Shell Targeted With BP in EU Price Fixing Probe for Oil: Energy
Royal Dutch Shell Plc (RDSA), BP Plc (BPLN), Statoil ASA (STL) and Platts, the oil-price data collector owned by McGraw Hill Financial Inc (MHFI)., said they’re being investigated after the European
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Paulson Bid to Resurrect Reputation Hurt by Gold Gone Bad
The wishful computation of returns highlights the challenge for Paulson as he seeks to resurrect his reputation as a Wall Street icon and reverse $9.4 billion in losses for clients in the past two yea
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John Paulson on his gold losses: What losses?
There was no deep discussion of the 47% drop so far this year for Paulson’s $500 million
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Oil companies target America for investment
Last year ConocoPhillips (COP, Fortune 500) announced plans to sell its stake in Kazakhstan's Kashagan oil field -- the largest energy project in the world -- for $5 billion. It was just one of at least six major foreign sales last y
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Gold Bulls Split With Buffett as Traders Say Sell: Commodities
The funds and other large speculators raised their net-long position by 19 percent to 54,762 futures and options as of April 30, U.S. Commodity Futures Trading Commission data show
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Gold rises as investors eye monetary stimulus
Gold for June delivery GCM3 +0.57% advanced $9.70, or 0.7%, to $1,456 an ounce.
Prices had swung higher after trading closed Wednesday on the New York Mercantile Exchange when the U.S. Federal Reserve left unchanged its bond-buying program and targeted interest
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Gold ETP Holdings Cap Record Drop as $17.9 Billion Wiped Out
Holdings in the ETPs slumped 7.1 percent in April to 2,275.84 tons, the lowest since October 2011, data compiled by Bloomberg show. The value of the assets dropped to $108.1 billion. Investors pulled $10.23 bil
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Gold gains on hopes of more monetary stimulus
Gold for June delivery GCM3 -0.03% rose $2.10, or 0.1%, to $1,474.20 an ounce during Asian trading hours.
On Tuesday, gold logged its seventh win in nine sessions, climbing $4.70, or 0.3%, o
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Gold futures rebound over 1% as dollar weakens
Adding to gains seen in Asia, gold futures for delivery in June GCM3 +1.33% climbed $19.90, or 1.5%, to $1,473.50 an ounce.
