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/ 7 March 2008

Oil eases below $105

Oil eased to under a barrel on Friday, but stayed within sight of its record high from the previous session, with a tumbling United States dollar, fund flows and Opec’s (the Organisation of the Petroleum Exporting Countries) reluctance to pump extra crude providing support.

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/ 29 November 2007

Oil jumps more than $1 on US pipeline fire

Oil prices rebounded by over a barrel on Thursday, after an explosion and fire at an oil terminal in Minnesota shut down most of the main pipeline that delivers Canadian crude to United States Midwest refineries. US crude rose by ,11 to ,73 a barrel by 4.35am GMT, recouping some of the previous session’s loss of ,80, or 4%.

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/ 13 November 2007

Oil prices drop on Opec news, stronger dollar

Oil prices dropped on Tuesday after a key Organisation of the Petroleum Exporting Countries (Opec) member left open the possibility the oil cartel will increase output to curb rising prices, and following the strengthening of the dollar overnight. Light, sweet crude for December delivery fell by six cents to ,56 a barrel.