August 28, 2016 archive

Oklahoma’s Oil Bust Affects Local Retailers, Mall Owners

An Oklahoma City shopping mall and high-end retail tenant are experiencing the indirect effect of the oil and gas industry’s economic downturn. Iowa luxury retailer, Von Maur, opened its 30th store in Quail Springs Mall in October 2014. The 155,000 square foot store is the fourth anchor at the mall. Von Maur offers upscale brand-name …

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WTI and Brent Crude Post Modest Increases on Friday

Oil futures managed to hold on to a slight gain on Friday, according to Bloomberg MarketWatch. On the New York Mercantile Exchange, October West Texas Intermediate crude rose 31 cents, or 0.7%, to settle at $47.64 a barrel. For the week, prices lost about 3% following gains over the last three weeks. On London’s ICE …

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Canada Tops the Baker Hughes Rig Count, Adding 25 Rigs

The number Canadian rigs surged dramatically while the U.S. rig count fell by two this week, according to the Baker Hughes rig count released on Friday. Canada garnered the most activity this week, adding 25 rigs for a total of 146. Canada is down 50 rigs when compared with data from a year ago. The …

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