Oil prices fall as hostage freed
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Oil prices dip on Monday, on news that a captured US oil worker in Nigeria has been freed.
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Oil prices dipped below $46 on Tuesday in a third day of falls as a more optimistic Iraq export picture helped unwind some of the supply worries that have lifted the market to historic levels.
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Oil prices dropped more than two   dollars Tuesday, resuming the steepest slide in more than a   decade as high inventories eased supply worries ahead of winter   and countered concern over simmering geopolitical tensions.
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Oil prices made an about face Friday, falling below $48 a barrel, as tensions between U.S. forces and rebel fighters in Iraq eased, raising hopes that attacks against the country's oil infrastructure would subside.
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Oil prices dipped below $46 on Tuesday  in a third day of falls as a more optimistic Iraq export  picture helped unwind some of the supply worries that have  lifted the market to historic levels.
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Oil prices eased on Monday after  rebels in Nigeria withdrew a threat to target oil operations,  but lingering concerns over stretched supplies ahead of winter  kept prices close to $50 a barrel.
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All seven hostages seized by gunmen from an offshore Nigerian oilfield were released on Monday after two days in captivity, a state government spokesman said.
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Oil prices fall as it emerges that supply from Iraq will not be affected by a bomb blast and Opec's  members are already producing more oil.
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LONDON SEPTEMBER 6: Oil prices eased on Monday as speculative funds continued to take profits but a tight global supply picture stopped the selling from gaining much momentum.
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London: World oil prices plummeted to the lowest levels for three months on Friday, shedding almost three dollars in New York, as fears of an evaporating supply crunch sent investors packing, analysts said.
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LONDON : World oil prices tumbled more than two dollars in New York, sliding below 50 dollars for the first time in nearly a month amid reports of higher Iraqi oil exports and easing fears over a Nigerian strike, analysts said.
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Oil futures prices sank nearly 5 percent yesterday, dropping below $53 a barrel, as concerns about tight winter-fuel supplies eased, at least temporarily, and traders turned their attention to rising US inventories of crude.
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All seven foreign hostages seized by gunmen from an offshore Nigerian oil field were released on Monday after two days in captivity, a state government spokesman said.
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Oil fell more than a dollar on Tuesday, as profit-taking pulled the market down from record highs that were fuelled by a Mexican supply shut-down and a weak dollar.
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Oil prices eased on Monday as  speculative funds continued to take profits but a tight global  supply picture stopped the selling from gaining much momentum.
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Oil eased to under $91 on Tuesday on profit-taking after an early rally.
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YENAGOA, Nigeria  - Nigerian militants freed 12 foreign hostages in the oil producing Niger Delta on Monday as a prelude to peace talks with the incoming government of President Umaru Yar'Adua.