Surging oil prices lighten already-meagre African pocketbooks
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While the surge in world oil prices has been a godsend for African exporters, it has placed an extra burden on other economies on the world's poorest continent, whose governments have passed on the cost increase to petrol pump users.
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Nervous OPEC oil producers on Wednesday  sized up how fast this week's ministerial meeting should rein  in a supply surge that has helped drag crude prices down by a  quarter in barely six weeks.
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With the world so focused on the rising price of a barrel of light crude oil, it&#39;s a wonder that people even get into their cars and drive around anymore.
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Oil prices soared to new highs on both sides of the Atlantic today as traders fretted over increasingly short supplies. The cost of crude in New York broke through the
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The price of this key commodity has risen by about a third just since the beginning of July. In London, oil closed at $43.80 a barrel, while in New York oil closed at $48.70, up three percent.
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LONDON -- Crude oil prices rose yesterday after a deadly attack on an oil facility in Nigeria, and as the US dollar weakened because of speculation of further interest rate hikes in Europe.
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Put away the stack-heeled shoes and the Slade records. Higher oil prices may have rekindled memories of glam rock and loon pants, but the west is not about to return to the days of sky-high inflation that marked the 1970s.
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Oil prices surged to a new high of $47 a barrel on Wednesday on evidence from major economies that energy costs are not substantially slowing the economic growth that fuels oil demand.
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Prices came in surprisingly weak, despite surging oil costs. And since crude is likely to recede, the CPI should now stay flat. You wouldn&#39;t know that crude-oil prices spiked to their highest levels in two
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Oil prices surged to a new high above  $47 a barrel Wednesday on evidence from major economies that  energy costs are not substantially slowing the economic growth  that fuels oil demand.
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Global oil prices rise as Venezuela and Nigeria say they are cutting production.
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Oil prices rally, adding almost $1 amid concerns that more crude will need to be refined to boost US petrol reserves.
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Energy experts warn that the jump in the price of crude would raise prices for heating oil and gasoline in coming weeks.
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Heating-oil and natural-gas prices are already up, and gasoline costs could rise, too.
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LONDON, England -- Oil prices have surged to historic levels as a threat of civil war in Nigeria adds to concerns over tight global supplies.
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LONDON : Oil prices raced ahead to new record high levels in London and approached 50 dollars in New York as unrest in oil producers Nigeria and Saudi Arabia stoked supply worries, traders said.
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Business & money: The AA warns that the $4 increase in crude prices signals even dearer fuel in the weeks ahead