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  • Oil Prices Settle Below $130 in Volatile Trading Thursday, 17 Jul 2008 | 3:08 PM ET
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    Oil prices fell sharply in afternoon trading to below $130 a barrel as uncertainty about the overall trend for the commodity continued.

  • Oil Prices Settle Below $134 as Supplies Increase Wednesday, 16 Jul 2008 | 3:26 PM ET
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    U.S. crude oil futures ended lower for the second day in a row as government inventory data showed surprise increases in crude and gasoline stocks.

  • Saudi King Wants Lower Oil Price Wednesday, 16 Jul 2008 | 5:50 AM ET
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    The world's top oil exporter Saudi Arabia wants to see lower oil prices, Saudi King Abdullah said in an interview with Italian newspaper La Repubblica.

  • Oil Prices Plummet Over $6 Amid Economic Fears Tuesday, 15 Jul 2008 | 3:37 PM ET
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    Oil prices fell harder than they have in 17 years on a dollar basis Tuesday, as fears that record fuel prices are spreading broad economic pain led to the third big sell-off in just over a week.

  • Oil Prices Settle Above $145 on Supply Worries Monday, 14 Jul 2008 | 3:39 PM ET

    Oil rose slightly above $145 Monday as supply concerns in Brazil in the midst of an energy workers strike outweighed ongoing worries that high fuel costs are dragging down consumer nation demand.

  • Oil Rises Sharply, Closes Near $145 on Iran Fears Friday, 11 Jul 2008 | 4:41 PM ET
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    U.S. crude oil futures ended more than 2 percent higher as geopolitical and supply worries combined to lift prices to an all-time high.

  • Oil Prices Settle Above $141 Amid Production Threats Thursday, 10 Jul 2008 | 4:17 PM ET
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    Oil prices jumped nearly $6 to above $141 a barrel Thursday amid threats to production in Nigeria and Brazil and as additional missile tests by Iran escalated tensions with the West.

  • Oil Ends Up Above $136, Below Session High Wednesday, 9 Jul 2008 | 4:19 PM ET
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    Oil prices regained ground and headed above $137, but still were below session highs, despite a larger-than-expected draw in crude inventories.

  • Oil Prices Settle Just Above $136 on Firmer Dollar Tuesday, 8 Jul 2008 | 3:29 PM ET
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    Oil tumbled to near $136 on Tuesday as the dollar gained and concern eased over an Atlantic hurricane.

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    Oil dropped almost $4 a barrel on profit-taking and signals that Iran will be more flexible in negotiations over its nuclear program.

  • Oil Falls to $144, Within Sight of Record High Friday, 4 Jul 2008 | 1:36 PM ET
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    Oil dropped below $145 a barrel on Friday, but was still within sight of record highs reached in the previous session when traders bought into the market ahead of a holiday weekend in the United States.

  • Oil Prices Settle at Record High Above $145 Thursday, 3 Jul 2008 | 3:05 PM ET
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    Oil futures closed trading on the New York Mercantile Exchange at a record above $145 a barrel, setting their third all-time high in as many consecutive days.

  • Oil Prices Settle Above $143 for First Time Ever Wednesday, 2 Jul 2008 | 4:07 PM ET
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    Oil prices hit another record settling price Wednesday, and then followed up on their close by reaching a record high over $144 a barrel in post-settlement trade, as a drop in U.S. crude inventories stoked supply concerns.

  • Sumitomo Consortium Wins $6 Billion Saudi Project Tuesday, 1 Jul 2008 | 10:24 PM ET

    Sumitomo Corp, Japan's third-biggest trading house, said on Wednesday its consortium had won preferential rights to build and operate a $6 billion power and water desalination plant in Saudi Arabia.

  • Oil Closes Near $141 on Supply Worries, Iran Tension Tuesday, 1 Jul 2008 | 3:39 PM ET
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    Oil prices rose on Tuesday on forecasts that global supplies will struggle to keep pace with demand and concerns that tensions between Israel and Iran could lead to a disruption of exports from the OPEC nation.

  • More Oil Will Not Bring Price Down: Saudi King Tuesday, 1 Jul 2008 | 3:15 AM ET

    Oil prices would not ease even if production were raised because speculation and taxes are behind the soaring market, Saudi Arabia's King Abdullah was quoted as saying in a Kuwaiti newspaper on Tuesday.

  • Wilbur Ross: Run-Up in Oil Prices Is a Bubble Monday, 30 Jun 2008 | 5:05 PM ET

    The dramatic rise in oil prices is a bubble, famous turnaround investor Wilbur Ross told CNBC Monday, adding that there is no apparent supply problem with crude.

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    Oil slipped off a record high of more than $143 a barrel as weak U.S. demand countered mounting tensions between OPEC nation Iran and Israel.

  • Oil Hits Record Above $140 on Weakening Dollar Friday, 27 Jun 2008 | 3:19 PM ET
    Oil Refinery in California

    Oil futures climbed to a new record near $143 a barrel Friday as the dollar weakened against the euro, confirming expectations that the falling greenback, a major factor in crude's stratospheric rise, will extend its decline and add to oil's appeal.

  • Oil Prices Close at Record $139.64 on OPEC Warning Thursday, 26 Jun 2008 | 3:13 PM ET
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    Oil futures shot above $140 Thursday after OPEC's president said oil prices could rise well above $150 a barrel this year and Libya said it may cut oil production.