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/ 7 November 2007
Oil prices jumped to a new trading record above $98 a barrel on Wednesday amid expectations of declining United States supplies. The weak dollar and the Organisation of the Petroleum Exporting Countries’s apparent reluctance to pump more crude into the market also boosted prices.
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/ 5 November 2007
Oil prices fell more than a barrel on Monday as traders pocketed gains from the previous session’s record settlement. The release of eight Turkish soldiers by Kurdish rebels on Sunday also contributed to the decline, easing some concerns about whether Turkey will launch attacks on guerrilla bases in northern Iraq.