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Conquer trading and investing twitter8/14/2023 oil exports have boomed in recent years, touching a record of about 4.5 million barrels per day in March, on rising shale output, while Russia’s invasion of Ukraine boosted demand for U.S. Gibson Energy said on Wednesday it will buy South Texas Gateway oil terminal from Buckeye Partners and its partners for US$1.1-billion as the Canadian energy infrastructure firm looks to expand into U.S. Germany’s DAX and France’s CAC 40 fell 0.75 per cent and 0.98 per cent, respectively. Overseas, the pan-European STOXX was down 0.69 per cent by afternoon. jobless claims, meanwhile, were higher than expected at 262,000. Economists had been predicting a decline. Sales for the month rose 0.3 per cent, helped by the auto sector. investors also got a better-than-forecast reading on May retail sales. The association’s home price index rose 2.1 per cent for the month but was down 8.6 per cent year-over-year. CREA said home sales rose 5.1 per cent in May compared with a month earlier and were up 1.4 per cent on an annual basis. In this country, the housing market comes into focus with the release of May sales figures by the Canadian Real Estate Association. That follows similar moves last week by several other central banks, including those in Canada and Australia. That central bank has been raising rates since last summer in an effort to bring inflation under control. This morning, the ECB delivered its latest rate decision, hiking by a quarter point as expected.
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