Topic: International Energy Agency

German backing of ESM bailout fund lifts oil futures
Oil futures rose nearer to $98 a barrel Wednesday after a German court ruling favored an ESM (European Stability Mechanism) bailout fund for deeply indebted eurozone countries. The ruling means that the ESM can come into force by the end of this year.
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Why is Obama tapping the Strategic Petroleum Reserve, really?
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Oil futures: How China could keep US gas prices low

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