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Nine companies to buy oil from U.S. strategic reserve in latest sale

Aug 11 (Reuters) - The United States on Thursday said nine companies will buy 20 million barrels of oil in the latest sale from the Strategic Petroleum Reserve as part of the Biden administration's plan to ease petroleum prices elevated by Russia's invasion of Ukraine and economies recovering from the COVID-19 pandemic. The administration said in March it would release a record 1 million barrels of crude per day from May to October, or about 180 million barrels, from the SPR, which holds oil in
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Nine companies to get oil from U.S. strategic reserve in latest sale

Aug 11 (Reuters) - The United States on Thursday said nine companies will buy 20 million barrels of oil in the latest sale from the Strategic Petroleum Reserve as part of the Biden administration's efforts to ease petroleum prices elevated by Russia's invasion of Ukraine and thin global spare capacity to boost output. The administration said in March it would release a record 1 million barrels of crude per day from May to October, or about 180 million barrels, from the SPR, which holds oil in ca
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U.S. gasoline prices fall below $4 for first time since March

* Gasoline demand has waned in the summer * Lower-income households spending less as prices dip * U.S. retail price hit a record in June By Laura Sanicola Aug 11 (Reuters) - The average price of U.S. retail gasoline fell below $4 per gallon on Thursday for the first time in months, giving some relief to drivers in the world's largest consumer of the fuel.
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U.S. gasoline prices fall below $4 for first time since March

Aug 11 (Reuters) - The average price of U.S. retail gasoline fell below $4 per gallon on Thursday for the first time in months, giving some relief to drivers in the world's largest consumer of the fuel. The national average price for regular unleaded gas fell to $3.990 a gallon on Aug. 11, according to the American Automobile Association. U.S. gaso
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Nasdaq futures surge as Apple, Amazon hold out against weak consumer spending

(For a Reuters live blog on U.S., UK and European stock markets, click or type LIVE/ in a news window.) * Futures up: Nasdaq 1.06%, Dow 0.27%, S&P 0.72% July 29 (Reuters) - U.S. stocks futures gained led by the Nasdaq on Friday as positive forecasts from Apple and Amazon indicated resilience in mega-cap companies in the face of weaker consumer spending, with hopes of a less aggressive monetary policy boosting sentiment.
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