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It's simple supply and demand: Though there are plenty of customers demanding oil, new buyers lusting after oil stocks may soon be in short supply.

A mother of a student who died in a school destroyed by May 12 earthquake,  cries at the site in Juyuan, southwestern China's Sichuan province, Friday, May 30, 2008.  The government announced Friday that the confirmed death toll from China's worst disaster in three decades was 68,858, an increase of about 350 from a day earlier. Another 18,618 people were still missing.   (AP Photo)AP - Most of the 8,000 children found alone after China's devastating earthquake have been reunited with their parents, Chinese officials said Friday.


Investor's Business Daily - Investors put cash back to work in stock funds in April after a heavy March outflow, reflecting seesawing markets.

The $1,150 date - Comments Off

A revised report on GDP eases concerns about a US economic slowdown. Oil prices fall, helping lift airlines and other stocks. Financials get a boost from a  MasterCard report on credit-card use. 

The earthquake-damaged Baihua Bridge, part of the No. 213 national highway, is blown up in Wenchuan county, in southwest China's Sichuan province Wednesday, May 28, 2008. The government Thursday raised the confirmed death toll from the quake to 68,516, with 19,350 people still missing.  (AP Photo/Color China Photo)AP - A stockpile of chemicals being used to disinfect an earthquake-shattered Chinese town ignited Thursday and injured scores of soldiers doing relief work, adding to a day of problems for urgent recovery efforts.


A man fills his truck up with gas at a gas station in Santa Monica, California, May 28, 2008. (Lucy Nicholson/Reuters)Reuters - U.S. gasoline futures soared to a new intraday record on Thursday after the U.S. government said gasoline stocks fell last week by a much larger-than-expected amount.


A Bear Stearns employee leaves the company's headquarters in New York. Bear Stearns, the most high-profile victim of the US subprime property crisis, approved a deal Thursday to sell itself to banking giant JPMorgan Chase, a spokeswoman for the Wall Street firm said.(AFP/Emmanuel Dunand)AP - Stocks rose for the third straight session Thursday as oil prices fell sharply and the government reported that the economy grew last quarter at a faster pace than previously estimated.


Traders work on the floor at the New York Stock Exchange after the announcement that the Federal Reserve cut interest rates April 30, 2008. (Brendan McDermid/Reuters)Reuters - Wall Street stocks rose on Thursday as a swift drop in oil soothed inflation fears, while an upward revision in a broad measure of U.S. economic growth suggested a recession may be avoided.


File photo shows North Korean leader Kim Jong Il inspecting a Korean People's Army facility in the communist state. South Korea's government has dismissed rumours of Kim Jong-Il's death as baseless(AFP/KNS/File/Kcna)AFP - South Korea's government on Thursday dismissed rumours of the death of North Korea's reclusive leader Kim Jong-Il as baseless after they swirled through stock markets.


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