Energy

Crude Oil Rises a Second Day as Dollar Weakens Against Euro, Equities Gain Crude oil rose the most in a week as the dollar weakened against the euro after the European Union held out the prospect of aiding Greece with its budget deficit.

Iraq's Government Allows Kurds to Resume Crude Oil Exports `Immediately' Iraq, holder of the world’s third- largest crude reserves, will resume oil exports from the northern Kurdish region “soon” after the government agreed to the local authority’s proposal on a payment method.

Iran Supertankers Idle in Persian Gulf as Oil Declines Before OPEC Meets Iran, OPEC’s second-largest crude producer, has at least three supertankers idling in the Persian Gulf, as oil prices decline five weeks before the group’s next meeting, vessel-tracking data show.

Oil to Rise to $75 on `Psychology,' Then Revisit Lows: Technical Analysis Crude oil is poised to rise to $75 a barrel, recouping a week’s losses, before the market revisits chart support around $70, said National Australia Bank Ltd.

India to Complete Building First Oil Storage Tank by Middle of Next Year India will complete building its first crude oil storage terminal by the middle of next year as it seeks to insulate the country against price fluctuations and ensure fuel supplies.

Statoil to Submit Plan for $3.4 Billion Gudrun Development Plan in Weeks Statoil ASA is preparing to start the 20 billion kroner ($3.4 billion) development of the Gudrun oil and gas field in the North Sea, almost 40 years after its discovery, as mature deposits elsewhere become depleted.

N.Y. Heating Oil Futures Rise as Frigid Weather May Increase Consumption Heating oil surged as a “paralyzing” storm approached the U.S. Northeast, which consumes four-fifths of home heating fuel, and as the dollar slumped.