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I find it a bit surprising he digit contact me. Crude clings on to gains afteren erratic session yesterday. The top firm is cutting 7 of its work force. Bp shares in the green after a u. S. Judge rules its liable for spilling less oil in the gulf than alleged. Its maximum mine will be 4 billion lower. Youre watching Worldwide Exchange. Bringing you Business News from around the globe. Quickly going to bring you flashes firstly out of the iea whose report on the oil market has come out and said how low the markets fall will be is anybodys guess. Macroeconomic weakness continues to strain Global Oil Demand growth. Prices do not be seeming to stimulate demand just yet. Stocks are rising to their widest surplus versus the five year average since august 2010. Well bring you a discussion on oil in the next 20 minutes or ....
Paypal and amd in a moment. We start with a latest developments, from House SpeakerNancy Pelosis highly controversial visit to taiwan. We are seeing the First Response in china with one battery maker putting plans for multibilliondollar north american plans on pause. Lets get to philip for the details here. Fill. Melissa, the battery maker is see atl. The largest battery cell supplier in the world and theres a report this afternoon out of china that the company which is in the process of looking at possible location for a 5 billion ev battery cell plant either in the u. S. Or in mexico. That they are putting that announcement on hold. At least thats the report from reuters out of china. Keep in mind the importance here is that that plant would supply tesla and ford here in the u. S. If you take a look at shares of ford, k ....
Increasing as well. Its likely gasoline prices may continue to increase over the next several days and possibly the next couple weeks. Why . Two main reasons, uncertainty in egypt a jump in demand. Even more than usual for the summer driving season. What were seeing right now certainly is not the norm for the summer driving season. In recent years there hasnt been much of a norm when it comes to prices in the summer anyway, theyve been all over the place. Like housing, gas is all about location, location, location. And a socalled heat map from gasbuddy. Com are getting red where prices are close to 4 a gallon. They show how much the price varies. The price also reflects gas taxes, in california theyve reached a record 72 cents a gallon, they went up this month because californians are either driving less or driving more fuel efficient cars and the states not making enough money. Which especially hurts when you own a car service. Danny is spending as much as 600 a week on gas, while cut ....