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A slow down of oil drilling by American shale oil producers helped to move oil prices to $49 a barrel in Monday trading a good news for oil exporters such as Nigeria. Brent crude the global benchmark was up 8 cents at $48.99 a barrel by 1341 GMT. U.S. crude traded at $46.57 up 3 cents. According to Reuters fewer drilling rigs were added in the United States last week helping ease concerns that surging shale supplies will undermine OPEC-led production cuts. U.S. drillers added two oil…
Venezuela’s Default Risk Is Rising
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Some industry experts are saying that the housing market may be heading for a slowdown in 2017 based on rising home prices and a jump in mortgage interest rates. One of the data points they use is the Housing Affordability Index, as reported by the National Association of Realtors (NAR).
CHART OF THE DAY: That's What A Housing Recovery Looks Like
Chart of the day shows the S/Case-Shiller Home Price Indices, March 2013
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Mustard Seed prices closed lower by 1.41 per cent on Wednesday at the National Commodity & Derivatives Exchange Limited
New Housing Fears: Home Prices Are Rising Too Fast
"For Sale" signs may seem like an eyesore to neighbors on any given local street, but the lack of them is a much bigger problem.
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