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Thursday, October 27, 2011

Crude Advances on U.S. Economic Growth, Deal to Stem European Debt Crisis - Bloomberg

Crude Advances on U.S. Economic Growth, Deal to Stem European Debt Crisis - Bloomberg: The U.S. is the world’s biggest oil consumer, using 19.1 million barrels a day in 2010, according to the BP Statistical Review.
Strong Earnings

More than half of the companies in the Standard & Poor’s 500 Index have released quarterly results since Oct. 11 and more than three-quarters have beaten the average analyst estimate, data compiled by Bloomberg show. Net income has grown 16 percent for the group on an 11 percent increase in sales.

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