OPEC cuts production, prices fall, Hugo sweats some more

WSJ Blog: Oil Ink: OPEC Slashes Output, Crude Price Falls OPEC did exactly what it promised in Vienna, slashing oil output by 1 ... two years and crude futures fell to $63 in New York. BBC: The cut will take effect from 1 November ... at Newedge, a brokerage firm. “Falling prices will deepen, not lessen, those divisions.” Because [more...]

Date: 2008-10-24 12:30:13

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This Isn’t An Aberrant Market, It Is The Market

A report from Crains New York. “Manhattan’s residential real estate market frenzy is fizzling. The number of apartment sales fell during the second quarter from the year-ago period, according to reports released Wednesday by four major brokerages. Two of the firms also reported a sharp increase in inventory. The average apartment price hit $1 [more...]

Date: 2008-07-02 14:35:05

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