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The advance followed figures from the Energy Information Administration, which showed inventories at Cushing, Oklahoma, fell by 1.45m barrels to a near six-year low of 18.8m barrels in the week ending July 18
Demand for the bond, priced at a yield of 6.25 per cent, was driven mostly by emerging market investors in the US and UK, with some interest from Asia
A further easing of geopolitical concerns helped the S&P 500 reach a record intraday high, with Apple and Microsoft both higher after unveiling earnings
The EC on Wednesday approved the UK’s framework for fixed-price renewable generation subsidies as well as allowing early awards for offshore windfarms. But it gave no equivalent ruling for biomass projects
The Atlanta-based carrier was the first of the country’s major airlines to report quarterly results, which showed a 16 per cent surge in US passenger revenues
The revival in the European market for leveraged loans is causing concern over the use of ‘financial engineering’ to generate returns
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