Mixed End to Light Trading as Oil Surges, Then Retreats
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Shares shuffled to a mixed finish yesterday, rebounding from earlier lows as oil prices retreated after surging past $50 a barrel.
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Oil prices retreated Tuesday as traders took profits from three straight sessions of gains and awaited a weekly US government energy report expected to show a rise in crude inventories.
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Oil extended its retreat from record  highs on Thursday, taking two-day losses to six percent after  an unexpectedly large rise in U.S. crude inventories spurred  speculative funds to take profits.
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U.S. blue-chip stocks ended barely  higher on Friday as a spike in oil prices to near-record levels  pared earlier gains and renewed concerns about the effect of  high energy prices on consumer spending and corporate profits.
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US stocks ended mixed today as only the tech-heavy Nasdaq managed to make gains in the face of higher crude oil prices and a rash of broker downgrades targeting some high-profile Dow shares.
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Stocks were headed for a mixed-to-lower opening on Monday after oil prices spiked to new record highs, raising fears that soaring energy costs could crimp corporate profits.
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Oil eased after surging to a record high above $90 a barrel earlier on Friday as tight fuel stocks ahead of winter and a softening U.S. dollar spurred investor buying.
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Stocks staggered to a mixed finish Wednesday as lower-than-expected manufacturing activity and rising oil prices chilled an early spate of bargain hunting, but technology shares posted a modest advance.
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Wall Street ended mixed Friday, with gains led by the energy sector and losses led by financial shares.
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U.S. oil eased and Brent backed away  from a new record-high on Tuesday as traders took profits from  a 3 percent surge after BP shut down Alaska's Prudhoe Bay  oilfield, the biggest in the United States, possibly for  months.
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Oil futures retreated from record levels Wednesday as investors, rethinking crude's ability to keep climbing past $100, decided to cash in some of their profits from the market's huge advance.
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Oil retreated in Asian trade today, but players in the market remained edgy about tight supplies heading into North America's winter heating season.
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Gasoline prices fell more than a cent overnight, and gas and oil futures closed mixed yesterday as investors tried to decipher a confusing picture of domestic gasoline production.
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Oil prices were mixed Wednesday ahead of the release of U.S. government fuel stocks data that were expected to show the country's supplies of crude fell last week.
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NEW YORK - Stocks were narrowly mixed in light trading Tuesday as disappointing consumer confidence figures overshadowed another slide in oil prices.    The plunge in the Conference Board's consumer confidence index, which fell to 98.2 in August from 105.7 in July, raised concerns on Wall Street that oil prices, while now falling, have already damaged the economic recovery...
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Stock indexes were mixed in volatile trading on Wednesday as weak housing and manufacturing data offset renewed investor buying a day after the market suffered its worst slide since 2001.
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NEW YORK Uncertainty over high oil prices and pharmaceutical companies kept stocks mixed Monday as investors migrated to less risky holdings, pushing blue chips and other large-caps higher while the Nasdaq fell.