U.S. Stocks Rebound After Economy Grows More Than Forecast; Banks Advance

(Bloomberg) -- U.S. stocks rebounded from the
biggest declines since February and bank shares climbed from a
10-month low after a government report showed the economy grew
at the fastest pace in more than a year last quarter.

Citigroup Inc., Bank of America Corp. and JPMorgan Chase &
Co., the largest U.S. banks, advanced. Chevron Corp., the
second-biggest U.S. oil company, gained after it said earnings
rose as profit margins improved on gasoline and other fuels.
Ford Motor Co. advanced on an upgrade by Merrill Lynch & Co.
after the second-biggest U.S. automaker reported its first
profit in eight quarters.


Read more at Bloomberg Stocks News

Crude Oil Falls a Second Day After Reuters Reports OPEC May Raise Output

(Bloomberg) -- Crude oil fell after Reuters reported
the Organization of Petroleum Exporting Countries was concerned
about high oil prices and their impact on the world economy.

The group may pump more oil to increase supplies, though it's
unclear whether extra production will be needed this year, OPEC
President Mohamed al-Hamli said, according to Reuters. Reports that
Chevron Corp. started its refinery in El Segundo, California, last
week helped pull oil prices lower.


Read more at Bloomberg Energy News

Angola to Load 53 Crude Oil Cargoes in September, Unchanged From August

(Bloomberg) -- Angola, sub-Saharan Africa's second-
biggest petroleum producer, will load 53 crude-oil cargoes in
September, the same number as August.

Tankers will haul shipments ranging from 950,000 barrels to 1
million barrels for companies including Sonangol SA, the state oil
company, and foreign producers such as Total SA, Chevron Corp.,
Exxon Mobil Corp., Eni SpA, BP Plc, Statoil ASA and INA Industrija
Nafta DD, according to a copy of the loading program for the month.


Read more at Bloomberg Energy News