This Week’s Market Buzz

Oil prices edged up at press time, putting both benchmarks on track for a fifth consecutive week of gains on expectations demand growth will outstrip supply and OPEC+ producers will be cautious in returning more crude to the market from August. Brent futures rose 32 cents, or 0.4%, to $75.88 a barrel, while U.S. West Texas Intermediate (WTI) crude rose…

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This Week’s Market Buzz

• Oil futures ended lower at press time, pulling back after four-consecutive sessions of gains lifted prices to their highest levels in weeks. Tensions in Iraq and uncertainty surrounding Iran’s nuclear deal have raised the risk to global crude supplies as expectations for stronger oil demand boosted prospects for a more balanced market. November West Texas Intermediate settled at $51.29…

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First Look – October 2016

TOP NEWS Eagle Materials Expands Eagle Materials Inc. has entered into a definitive agreement with a subsidiary of Cemex S.A.B. de C.V., to purchase Cemex’s Fairborn, Ohio, cement plant, as well as related assets, which include a distribution terminal in Columbus, Ohio, and a cement bagging operation. U.S. Highways Rated The nation’s top-performing, most cost-effective highways are in South Carolina,…

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This Week’s Market Buzz

Oil and gas companies using hydraulic fracturing are expected to continue to ramp up their use of frac sand in their drilling operations. According to Tudor Pickering Holt, drillers have stepped up sand use in order to make wells more productive, rising from 3 million lb. per well in 2013 to 5 million lb. per well in 2014, to 8…

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