"Oil Rises on Stock Rally, Caps Biggest Monthly Gain Since May"
Crude oil rose, heading for its biggest monthly gain since May, as equities increased and a weaker dollar enhanced the appeal of commodities. Oil climbed as much as 3.3 percent after U.S. and European stocks rebounded....Complete Story
SocGen Technical Analyst Says "Oil May Fall to $28 a Barrel"
Crude oil is set to drop to $28 a barrel in New York in the second quarter, according to technical analysis by Societe Generale SA. Prices may rally until meeting resistance at $71 a barrel and....Complete Story
"Petrobras Invests Heavily in Offshore Drilling"
With massive deepwater finds in the pre-salt layer, as well as the Campos and Santos Basins, Brazilian state-owned Petrobras pledged an investment of $174.4 billion for 2009 to 2013. With a firm commitment to....Complete Story
"Kuwait Raises Oil Output Capacity"
OPEC member Kuwait has boosted its oil production capacity to three million barrels per day and aims to raise it to four million by 2020, a top oil executive said on Monday. "We have the capability to....Complete Story
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