John Wilen
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/ 19 October 2007

Oil prices cross $90 for first time

Oil prices have surpassed a barrel for the first time as the falling dollar drew new foreign investors and speculators to dollar-denominated energy futures. Light, sweet crude for November delivery hit ,02 in electronic trading late on Thursday evening before returning to about ,60.

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/ 15 October 2007

Oil prices surge following Opec supply report

Oil prices surged above a barrel on Monday for the first time after the Organisation of the Petroleum Exporting Countries (Opec) said crude production by non-Opec countries is falling even as global demand for oil is rising. Prices were also supported by concerns Turkish forces will pursue Kurdish rebels into Iraq.

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/ 28 July 2007

Oil prices settle near all-time high

Oil prices closed at more than a barrel, near an all-time high, on Friday on technical buying and news of faster-than-expected economic growth. ”We’ve got a highly charged market here, and it doesn’t take much of a headline to spark a 5% price move,” said an analyst.