Crude Oil Rises As U.S. Rig Count Tumbles

Crude oil futures rose Friday after an industry report showed the U.S. rig count fell for a third consecutive week. Baker Hughes reported that the number of active U.S. rigs drilling for oil fell by 7 to 736 this week. The total active U.S. rig count, which includes oil and natural-gas rigs, also dropped by ...

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Bank Of Italy Sees Q3 Growth Of 0.5%

Italy’s economic growth improved slightly in the third quarter, led by strong performance in the service sector and non-construction industry, the Bank of Italy said Friday. Gross domestic product continued to grow at a steady pace in the third quarter, gaining 0.5 percent on the previous period, a slight acceleration ...

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Bank Of Italy Estimates Q3 Growth At 0.5%

Italy’s economic growth improved slightly in the third quarter, led by strong performance in the service sector and non-construction industry, the Bank of Italy said Friday. Gross domestic product continued to grow at a steady pace in the third quarter, gaining 0.5 percent on the previous period, a slight acceleration ...

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U.S. Existing Home Sales Unexpectedly Rebound In September

After reporting U.S. existing home sales at their lowest level in a year in the previous month, the National Association of Realtors released a report on Friday showing an unexpected rebound in existing home sales in the month of September. NAR said existing home sales climbed by 0.7 percent to ...

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Italy’s Current Account Surplus Rises In August

Italy’s current account surplus increased in August from the previous year, the Bank of Italy reported Friday. The current account surplus rose to EUR 3.68 billion from EUR 3.39 billion in the previous year. The trade in goods showed a surplus of EUR 3.58 billion compared to EUR 3.27 billion ...

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Pound Strengthens Against Majors

The pound climbed against its major opponents in European deals on Friday. The pound edged up to 149.30 against the yen, off early low of 147.99. The pound climbed to 1.3166 against the dollar, 1.2931 against Swiss franc and 0.8969 against the euro, from an early 11-day low of 1.3088, ...

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UK Budget Deficit Narrows In September

The UK budget deficit declined in September, the Office for National Statistics said Friday. Public sector net borrowing, excluding public sector banks, decreased by GBP 0.7 billion from the previous year to GBP 5.9 billion in September. This was the lowest September net borrowing since 2007. During April to September ...

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