Price drop prompts oil quota call
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Opec members call for a cut in rampant over-production as prices oil prices plummet amid warmer US weather.
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Oil prices were dragged down today by heavy losses on U.S. gasoline as summer driving demand failed to meet expectations.
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Oil futures skidded lower Thursday on growing concerns that a U.S. economic slowdown is imminent and will depress demand.
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Oil dropped more than two dollars on Friday, weakened by selling in equity markets that raised doubts over energy demand and after a storm that halted exports from Oman lost power.
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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 fell to a six-week low on Tuesday, dragged lower by a stock market plunge and fears a slowdown in the United States could have a much wider impact than previously thought.
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Oil prices fell on Thursday as the U.S.  government considered whether to release crude from the U.S.  petroleum reserve after Hurricane Ivan sliced into supplies.
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Oil prices continue falling on comments from Iran and Opec that suggest increasing supply is a possibility.
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Oil prices continue to slide amid fears that a US recession will weaken global demand for crude.
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Oil dropped more than two dollars on  Friday, weakened by selling in equity markets that raised  doubts over energy demand and after a storm that halted exports  from Oman lost power.
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Oil prices fell on Monday on expectations of higher U.S. refinery production and after remarks by OPEC that it is ready to pump more oil if needed.
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The housing crisis and high oil prices may cause a slump, analysts warn.
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Oil prices slid on Monday after OPEC  members signaled the cartel could wait until its mid-March  meeting to make any production cuts.
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With the US presidential elections approaching, world oil prices appear to be going down. New York&#39;s main contract, light sweet crude for delivery in December, fell 26 cents to 49.
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Oil prices fell more than a dollar on   Friday as traders questioned whether planned output cuts by   OPEC members Nigeria and Venezuela would be enough to stem a   two-month slide in prices.
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All options, including cutting quotas, are up for discussion when OPEC ministers meet in Cairo this week to plan their response to a sharp fall in prices
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Traders brace for another rise in US crude, natural gas stocks, IEA says prices may have peaked. LONDON  - Oil prices fell to seven-week lows Wednesday, below $47 a barrel, as traders braced for another