COMMODITIES

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Oil to soar above $130 later in 2011: Reuters poll

Oil prices will soar above $130 a barrel by late 2011, a new Reuters poll found, and one in five traders said they expected oil to hit $150 this year, levels some economists say could trigger recession.

The Swiss Franc, Euro and Gold

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Seems you can't keep a safe haven down. Not when retained wealth worldwide needs to escape money-printing and zero rates at home. What options are left to anxious savers? What choice but the Euro is still open to the Swiss National Bank...?
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Apple faces privacy breach charges with its secret user tracking file.

Apple's not so secret weapon in the tablet market

Most tablet makers are building the wrong field of dreams and at least one CEO has got himself separated from his company for it. It is plain for all to see that Apple's field of dreams is their network of dedicated Apple stores worldwide.This might even be the reason why Apple will own the tablet space for the foreseeable future. Richard Shim, senior analyst at Displaysearch wrote in this blog about the exigencies of selling a product like a table through a traditional retail chain such ...
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Oil down $1 on firmer dollar, Libyan rebel gains

Oil retreated on Monday, with both U.S. and Brent crude futures slipping over a dollar, after Libyan rebels regained control of key oil towns and the dollar firmed on hawkish comments from a U.S. central banker.
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Oil slips nearer $115 as Libyan rebels make gains

Oil retreated on Monday with Brent slipping to around $115 after Libyan rebels regained control of key oil towns, and unrest over the weekend was limited to minor crude exporters Syria and Yemen.
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Brent crude oil nears $116

Oil steadied on Friday, with Brent crude close to $116, but analysts saw the risk of higher prices as unrest bubbled across the Middle East and western powers kept up a military campaign in Libya.
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Oil down $1 to $114.50 after U.S. data

Brent crude fell over $1 on Thursday after mixed U.S. data, against a backdrop of instability in the Middle East and new eurozone debt worries following the resignation of Portugal's prime minister.
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Oil trades sideways at $115 on Portugal and MidEast

Brent crude see-sawed on Thursday, as concerns about instability in the Middle East were offset by worries about the economic health of the eurozone following the resignation of Portugal's prime minister.
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Oil up over $115 as MidEast offsets Portugal

Oil rose on Thursday, as concerns about instability in the Middle East outweighed worries about the economic health of the eurozone following the resignation of Portugal's prime minister.
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Oil rises $2 as Western powers strike Libya

Oil prices rose by over $2 a barrel on Monday as a wave of U.N.-mandated airstrikes on Libya and proliferating unrest in the Middle East fanned concerns about oil supply from the region.
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Oil up $2 to over $112 on Middle East unrest

Oil rose by more than $2 on Thursday as tensions in Saudi Arabia and Bahrain fueled fears of further supply disruption while investors weighed the impact on energy demand from quake-hit Japan.
Olympique Lyon's Gourcuff Could Land at the Emirates

Real Madrid Vs Lyon Live-Coverage

Real Madrid will host Olympique Lyon at the Santiago Bernabeu on Wednesday in the second-leg of the last-16 round encounter, knowing that they can go through to the quarter-finals with a goalless draw.
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Oil falls more than $3 on Japan crisis

Brent crude fell below $110 a barrel for the first time in nearly three weeks on Tuesday as a deepening nuclear crisis in Japan and rising radioactivity levels heightened risk aversion across financial markets.
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Brent tops $116 as Gaddafi bombs Libyan oil facilities

Brent crude rose for a second day on Thursday to surpass $116 after forces loyal to Libyan leader Muammar Gaddafi bombed oil industry infrastructure, inflicting longer-term damage on the country's exporting capacity.
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Brent slips below $115 as OPEC discusses oil output

Oil prices fell on Tuesday, with North Sea Brent crude dropping more than $2 a barrel briefly after Kuwait's oil minister said OPEC was considering boosting production for the first time in more than two years.

There Are No Good Outcomes in The Oil Game

There are no good outcomes, only bad, really bad, and catastrophic. Take your pick. Could gas prices drop below $3.00 per gallon if the world sinks back into recession? Yes. But it would only be momentary. The easy to access supply is dwindling. The medium and long term direction of gas at the pump is up. There is nothing that can be done in the next five years to prevent significantly higher oil prices.
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World Market Overview 03/03/2011

U.S. stocks edged up higher on some positive jobs data and reassurance from the Federal Reserve that the economy is recovering. However, any equity gains were capped by fears over the continued unrest in Libya and rising crude oil prices.
GM eyes doubling of China sales by 2015

GM blazes trail of small car exports from China

Flush from heady sales in the world's largest auto market, foreign car makers now see China as a launch pad for exports, with General Motors (GM.N) (GM) blazing the trail with shipments of its Chevy Sail.
China to stay a low-key gambler in Middle East

China to stay a low-key gambler in Middle East

Even with Middle Eastern tumult tearing down governments and pushing up oil prices, China will stay a restrained regional player, reluctant to gamble a growing pile of economic chips for uncertain political gains.
China vows to develop gold market as demand rises

Analysis: Jewellery demand supports gold in investment demand dips

The proportion of total gold demand accounted for by jewelry fell to just over 50 percent in 2009 from 75 percent in 2004. In the same period investment demand nearly tripled. But jewelry buyers still have a key role to play in the gold market, which they are likely to keep despite any slight fall-off in demand.
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Oil rises $1 as Oman protests fan supply concern

Brent crude rose on Monday, crossing $114 a barrel, as protests in Oman fueled concern about security of supply from the Middle East and North Africa even as top exporter Saudi Arabia pumps more.

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