Oil expo thrives amid weakening economy
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Recession? What recession? When thousands of wheeler-dealers gather downtown this week to buy, sell and trade oil and gas projects, they'll be ready to shell out millions of dollars, perhaps tens of millions.
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Oil extended gains above $71 on Friday,   buoyed by healthy U.S. economic growth that suggest recent   record-high prices may not hit robust demand for oil.
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DALLAS (CBS.MW) -- Oil-service equipment in the Gulf of Mexico is built to withstand the fierce winds of Hurricane Ivan. The bigger threat is a decline in demand for the companies&#39; equipment.
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High-flying oil prices held firm on  Monday as a blizzard enveloping the U.S. Northeast strained  tight heating oil stocks.
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With the Republican National Convention just two weeks away, signs are pointing to a modest economic boost for few businesses.
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The FTSE 100 has jumped on relief over weaker oil prices, an unexpected reprieve for the economic outlook, and for big fuel consumers such as British Airways.
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Oil prices held firm on Monday, clinging  to gains made in the last week as the key heating oil consuming  region of the U.S. Northeast braced for a cold snap that could  test low winter fuel supplies.
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Oil prices are rising as hopes of a rise in production from next week's Opec meeting dwindle.
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Investor's Business Daily - Jobs and factories continued to expand at a modest pace as the U.S. economy showed resilience despite crumbling housing activity.
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Oil prices were little changed Friday amid concerns over a possible slowing of the U.S. economy that could lead to a drop in fuel demand.
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Oil prices extended gains over &#36;71 on  Friday, buoyed by healthy U.S. economic growth that hinted  recent record prices may not hit robust demand.
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OPEC, pumping oil at the fastest pace in 25 years, has little ammunition left to reduce near- record prices at a meeting this week, and some analysts are forecasting crude above $40 a barrel for the rest of the year.
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The concern over inflation and weakening housing prices offset the salutary effects of a drop in the price of oil.
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Oil prices keep climbing but for the moment the economists are sticking to the line that the global and Australian economies will weather the storm.
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The job market held up amid downbeat news about other parts of the economy.
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The drop in initial jobless claims points to resilient labor market even as the economy slows.
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U.S. oil prices kept a strong tone on  Friday as disruptions to global oil flows dogged the market  ahead of the Labor Day holiday weekend in the United States.