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29 Nov 2014 (AFR) - Battered shares recover as fossil fuel joins price fall - Energy stocks lead ASX’s big drop

(29 Nov 2014, AFR, p40, Stephen Cauchi) – Equities

‘Australian shares withstood an alarming oil price drop and a continued weakness in iron ore miners to edge a little higher for the week, a comeback from the previous week’s 2.8 per cent drop. 78 more words

1.Market Observations

29 Nov 2014 (AFR) - Energy stocks plunge on OPEC decision

(29 Nov 2014, AFR, p40, Yolanda Redrup) – Oil

‘Australian energy stocks were savaged on Friday, some falling more than 10 per cent, following the Organisation of Petroleum Exporting Countries’ decision not to cut oil production. 54 more words

1.Market Observations

Crude plunges 10%, dragging down energy shares

Crude oil plunged more than 10% a barrel Friday to its lowest level in more than five years after OPEC opted not to cut production in a world awash in oil. 409 more words

Markets

Cheap Oil Gets Cheaper

Dear Clients, Prospects & Friends:

The economic news that everybody is talking about lately is the sudden unexpected drop in oil prices.  One type of oil, West Texas Intermediate crude, has fallen from over $140 a barrel in the summer of 2008, and $115 a barrel as recently as June, down to $91, and there is no sign that the decline will stop there. 755 more words

Investing

Baker Hughes scored! How you can too

Baker Hughes investors just hit a $34.6 billion gusher. But now energy investors are wondering where the next strike might be.

Shares of oil-services company… 449 more words

Buzz

Oil prices drop below $75 for first time in four years amid supply glut

Oil prices dropped below $75 Thursday, hitting their lowest levels in four years as higher production creates an excess of supply.

The price of West Texas Intermediate crude oil dropped by $2.85 to $74.33, and has fallen more than 30% since June, when prices were above $107. 287 more words

Energy

Breaking News: HWKR Is Our Latest UnderValued Play

Hawker Energy is focused on the acquisition, exploitation and production of oil properties in Southern California. Our goal is to deliver long-term value to our shareholders through financial discipline, opportunistic acquisition and efficient operation. 571 more words

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