Oil recoils after breaking $100 a barrel
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Oil fell on Thursday as traders took profits from a record rally that had pushed oil to $100 a barrel two days in a row -- a level that has raised a red flag over global economic growth.
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Oil stayed near $63 a barrel on   Friday, weighed down by bulging natural gas and heating oil   inventories in the United States and the suspension of an oil   workers' strike in Nigeria.
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Oil fell on Thursday as traders took profits from a record rally that had pushed oil to the psychological $100 a barrel mark two days in a row -- a level that has raised a red flag over economic growth.
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Oil prices drop back from a new record above $100, but fears high energy prices could stoke inflation hit stocks.
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Oil prices fell Thursday, failing to top the $100-a-barrel mark, despite a larger-than-expected fall in crude inventories.
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Oil fell 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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European equity markets retreated during Friday's morning session amid cautious trading as oil prices hit record levels above $90 a barrel and sentiment was also hurt by some disappointing corporate results.
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Oil held steady on Friday, hovering at about $99 a barrel, after falling the day before as traders took profits from a record rally that propelled crude prices to over $100 a barrel.
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Oil vaulted to a record $100 a barrel on Wednesday as geopolitical turmoil, tight energy stockpiles in consumer countries, and a weak dollar triggered a flood of speculative buying, dealers said.
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Oil prices receded on Friday as dealers took profits from a record rally over $90 a barrel that was spurred on by winter supply worries and the weakening U.S. dollar.
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The Christian Science Monitor - Oil futures hit a record $100 a barrel in futures trading this week, after attacks in Nigeria, Africa's leading oil producer. But most analysts expect that prices will decline from the current spike. A Reuters poll of 37 energy analysts' expectations yielded an average prediction of $74 a barrel for this year, compared with about $70 a barrel this past year.
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Oil vaulted to a record $100 a barrel on Wednesday as geopolitical turmoil, tight energy stockpiles in consumer countries and a weak dollar triggered a surge of speculative buying, dealers said.
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Oil prices fell toward $87 a barrel on Wednesday, extending this month's losses to more than 5 percent, after a government report showed a surprisingly big build in U.S. petroleum stockpiles.
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Stocks fell on the first trading day of the year on Wednesday after U.S. manufacturing data showed signs of contraction and oil hit $100 a barrel, raising the possibility of a recession in 2008.
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Business & money: Violent storms in the North Sea helped push global oil prices to new highs of just under $100 per barrel.
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Oil  prices ease after hitting $100 a barrel as the weak dollar and violence in Nigeria and Algeria boost prices.
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Oil held near its lifetime high of $100 a barrel on Thursday, fuelled by expectations of another fall in U.S. fuel stocks and a struggling dollar.