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/ 2 November 2007

Oil prices resume climb

Oil prices resumed their climb on Friday after a decline in the previous session prompted new buying amid expectations that crude futures would continue to test new records because of tight supplies. Light, sweet crude for December delivery rose by 41 cents to ,90 a barrel in electronic trading on the New York Mercantile Exchange.

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/ 11 September 2007

US trade deficit declines slightly

The United States trade deficit declined slightly in July as record exports of farm goods, autos and other products offset a big jump in foreign oil prices. The deficit with China hit the second-highest level yet, reflecting strong demand for Chinese-made goods despite a string of high-profile recalls.