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Three tankers carrying North Sea Forties crude have been floating off European shores for more than two weeks without discharge, a sign of weakening demand from refineries in Europe and Asia. All three ships that loaded the grade from May 1-12 are still at sea. Two vessels — the Jaarli and the Jatuli — are anchored off Britain’s Hound Point, the loading ...
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The Conference Board Consumer Confidence Index® rose in May to 102.0 (1985=100) from 97.5 in April (a slight upward revision). The Present Situation Index—based on consumers' assessment of current business and labor market conditions—increased to 143.1 (1985=100) in May from 140.6 in April. Meanwhile, the Expectations Index—based on consumers' short-term ...