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  • Nigerian Militants Say Three Pipelines Destroyed Tuesday, 8 May 2007 | 4:37 AM ET

    igerian rebel group the Movement for the Emancipation of the Niger Delta (MEND) said on Tuesday its fighters had destroyed three major oil pipelines in the delta, where attacks have intensified in the past week.

  • A video still from Al Arabiya TV, showing money discovered by Saudi security officials during raid on militants.

    U.S. crude oil futures ended more than $1 higher on Friday, backed by another surge to neweight-month highs by gasoline futures.

  • U.S. crude oil futures ended a choppy session lower as traders booked profits. Earlier in the day, prices jumped above $66 a barrel amid a flurry of refinery glitches. A string of refinery outages in the United States, coming on the heels of a long and extensive maintenance season, has drained gasoline stocks as the giant market gears up for driving season.

  • Gasoline Jumps 3% on Tight U.S. Supplies; Oil Gains 2% Wednesday, 25 Apr 2007 | 3:42 PM ET

    Oil rose more than a dollar on Wednesday after U.S. gasoline stocks fell for an 11th straight week, tightening supplies ahead of peak summer demand in the world's top consumer.

  • Crude oil futures fell more than a dollar as traders took profits ahead of fresh oil inventory data due Wednesday and following Monday's sharp price rise on worries about supply disruptions in the wake of Nigeria's disputed presidential election.

  • U.S. crude jumped as much as $1.84 to $65.95 a barrel after Nigeria's elections drew condemnation from monitors and investors waited for fresh word on oil supplies from the world's eighth biggest exporter. Thousands of protesters took to the streets of Nigeria's largest northern city. Brent crude was also up sharply.

  • U.S. crude oil futures ended sharply higher, pushed up at the expiration of the front-month May contract and ahead of Nigeria's presidential election Saturday that has oil markets worried about post-election turmoil disrupting supply.

  • U.S. Oil Falls Over $1 as Summer Fuel Outlook Improves Thursday, 19 Apr 2007 | 1:51 PM ET

    Oil prices dipped as rising refinery production and a key pipeline restart eased worries of a U.S. fuel supply crunch this summer driving season.

  • Oil Gains on Iran Worries, Lower U.S. Inventories Wednesday, 18 Apr 2007 | 4:57 PM ET

    Crude oil prices firmed slightly on Wednesday as worries over Iran's nuclear ambitions countered easing fears of a gasoline supply crunch in the United States this summer driving season.

  • Oil Falls as Pipeline, Refinery Repairs Speed Up Tuesday, 17 Apr 2007 | 4:31 PM ET

    U.S. crude oil futures dipped this afternoon on book-squaring and crack-spread trading ahead of Wednesday's government inventory report.  Front month crude futures earlier rose above $64 as a shut Canada-to-U.S. crude pipeline and a Texas refinery's restart were supportive.

  • Oil Ends Choppy Day Slightly Lower Monday, 16 Apr 2007 | 4:53 PM ET

    U.S. crude oil futures rose in choppy trading, with products futures slumping as crude was pressured by OPEC comments on supply and demand and by news that Shell expects to resume its Nigeria Forcados crude stream in late May or early June.

  • Arcelor Mittal, Senegal Sign Mining Deal Friday, 23 Feb 2007 | 10:41 AM ET

    Arcelor and Mittal Steel, combining to become the world's largest steelmaker, said Friday they signed agreements worth $2.2 billion with the government of Senegal to mine iron ore in the West African nation.

  • China Invests In Africa--But For What Returns? Thursday, 8 Feb 2007 | 1:28 PM ET

    African nations like Sierra Leone and Namibia might not seem like they would be the first place investors looked to put their money. But they are exactly where China has been investing heavily over the past couple of years. And that raised the question--why is the world’s most populous nation pouring money into the world’s poorest continent?

  • Nigerian Oilfield Sieges End, Shell Resumes Output Thursday, 28 Dec 2006 | 6:14 AM ET

    Two different armed groups have lifted sieges of two oilfield stations in Nigeria, releasing at least 20 workers, industry spokesmen said on Thursday.

  • Oil Extends Tumble From Three-Month High Friday, 22 Dec 2006 | 2:27 PM ET

    Oil prices hovered below $63 a barrel Friday after falling from a three-month high as dealers looked past a deep draw in weekly U.S. crude stocks to focus on unusually warm weather in the U.S. Northeast.

  • Warm Weather Melts Energy Prices Thursday, 21 Dec 2006 | 5:43 PM ET

    Crude oil futures fell sharply on Thursday on pre-holiday profit-taking after government report of ample fuel supplies amid mild northeastern U.S. weather.

  • Crude Near $64 As Inventories Fall Wednesday, 20 Dec 2006 | 12:51 PM ET

    Oil prices broke above $64 a barrel before pulling back. A drop in crude inventories added to a perception that high fuel stock levels reached in the third quarter have reversed.

  • Crude Oil Gains on Gulf Coast Shipping Concerns Tuesday, 19 Dec 2006 | 3:39 PM ET

    U.S. crude oil futures bounced to the upside as traders worry the fogged-in Gulf Coast's shipping delays may show up Wednesday in supply reports showing slumping inventories.

  • Oil Gives Back Some Of Last Week's Gain Monday, 18 Dec 2006 | 10:00 AM ET

    Oil broke below $63 a barrel as OPEC pointed to signs of a weaker market next year and mild weather in the United States limited heating needs.

  • Oil Jumps Above $63 Friday, 15 Dec 2006 | 4:28 PM ET

    Crude oil futures ended stronger above $63 a barrel on Friday as fog hampered Gulf Coast tanker traffic.