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  • Runway Angels

      The superbowl of fashion shows, models walk down the runway at the 2009 Victoria's Secret Fashion Show.

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  • Wines for the Holidays

      Not quite sure what wine to pair with Turkey or Creme Brulee? Our experts do.

FEATURED QUIZZES


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  • How Much Do You Know About Green?

      Green has become part of our everyday lives. Green is everywhere-- energy, clothing, food, housing, transportation. It's a big business and a global business.

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      Can you tell which statements are true, and which ones are just rumors?

SPECIAL REPORTS

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  • Winterizing Your Portfolio

      If 2009 was the winter of our discontent, will 2010 be a winter wonderland for investors? A lot depends on the recovery—or lack thereof.

  • Investor's Guide to Real Estate

      Some even say the long-awaited recovery is here. Regardless, buyers and sellers alike can profit from our guide.

  • Alternative Investing

      Stocks and bonds? Sure. But it's a big world out there for investors.

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Crude Oil Settles Above $69 on Concerns About Iran and Nigeria
By: AP | 22 Jun 2007 | 03:21 PM ET
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Oil settled back above $69 a barrel and gasoline futures also rose Friday on concerns about Iran's nuclear capabilities and on news that talks to end a general strike in Nigeria had failed.

The market has been fixated on U.S. domestic supply concerns, but a lack of news from the U.S. shifted traders' focus to international developments. The news about Iran and Nigera sent light, sweet crude for August delivery [US@CL.1  Loading...      ()   ] up 49 cents to settle at $69.14 a barrel on the New York Mercantile Exchange, and gasoline for July [US@RB.1  Loading...      ()   ] up 4.01 cents to settle at $2.2868 a gallon.

In other Nymex trading, heating oil futures [US@HO.1  Loading...      ()   ] for July rose 1.33 cents to settle at $2.038 a gallon while natural gas prices [US@NG.1  Loading...      ()   ] fell 21.8 cents to $7.13 per 1,000 cubic feet. A government report Thursday showed natural gas supplies rose by 89 billion cubic feet in the week ended June 15, in line with expectations.

At the pump, gas prices, which tend to lag the futures market, continued to fall, dipping half a cent overnight to a national average of $2.991 per gallon. Retail gas prices peaked at $3.227 in late May.

© 2009 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
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