Oil Slides, Najaf Peace Deal Struck
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Oil prices fell for the fifth day in a  row on Thursday after word of a peace deal in the embattled  Iraqi city of Najaf raised hopes of more reliable oil shipments  from the energy-rich country and encouraged a run of  profit-taking by big money speculators.
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Oil prices rose on Friday, stemming five days of heavy losses as fresh sabotage attacks on Iraqi oil infrastructure renewed concern over the country's supplies, despite a peace deal in Najaf
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NAJAF, Iraq - Militants filed out of the Imam Ali Shrine, closed the doors behind them and turned over the keys to Iraq's top Shiite cleric Friday, symbolizing their acceptance of a peace deal to end three weeks of devastating fighting in this holy city.    By Friday afternoon, dozens of Iraqi police and national guardsmen surrounded the shrine compound - many kissing its doors and weeping - as the government began to re-establish control over the Old City of Najaf...
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Crude oil futures rose in New York, after falling from a record on Friday, as fighting in Iraq&#39;s holy city of Najaf damped expectations the country would restore oil exports to full capacity.
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The radical Shia cleric Moqtada al-Sadr was reported last night to have accepted a peace deal that could end the violent two-week uprising in Najaf and see his militia leave the city&#39;s Imam Ali Shrine.
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NAJAF, Iraq - Firebrand Shiite cleric Muqtada al-Sadr ordered his fighters to lay down their arms and leave Najaf and neighboring Kufa Friday after agreeing to a peace deal brokered by Iraq's top spiritual leader to end three weeks of bloody fighting.    Meanwhile, a gunbattle between U.S...
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It has been a week since a peace deal was struck in the Iraqi city of Najaf, bringing an end to three weeks of fighting and opening the predominantly Shia city up to millions of dollars in reconstruction aid.
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NAJAF, Iraq - Firebrand Shiite cleric Muqtada al-Sadr ordered his fighters to lay down their arms and leave Najaf and neighboring Kufa Friday after agreeing to a peace deal brokered by Iraq's top spiritual leader to end three weeks of bloody fighting.    Al-Sadr issued the order in a statement to his Mahdi Army militia that also was broadcast through loudspeakers at the revered Imam Ali Shrine, which militants have used as a stronghold and refuge throughout their standoff with a combined U.S.-Iraqi force...
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A team of Iraqi ministers flew to Najaf on Saturday to discuss plans for rebuilding the holy city after three weeks of fighting that killed hundreds, drove oil prices to record highs and sparked a political crisis.
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Oil prices steadied on Friday,  attempting to end a five-day rout as an end to a three-week  uprising in the Iraqi city of Najaf was balanced against  renewed pipeline attacks.
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Oil prices slid from record highs above  $50 a barrel Wednesday as the U.S. government reported a  surprise increase in crude stocks and rebels in Nigeria's  oil-rich delta region agreed to a preliminary cease-fire.
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With talks aimed at ending the siege of the Imam Ali mosque stalled, U.S. forces appeared to have tightened their noose around Najaf.
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NAJAF, Iraq - Explosions and gunfire shook the center of Najaf on Sunday as U.S. troops in armored vehicles and tanks rolled back into the holy city and new fighting broke out after truce talks collapsed...
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At least six people were killed in attacks across Iraq Saturday, while the holy city of Najaf remained calm. Shi&#39;ite militiamen left its Imam Ali shrine earlier this week as part of a deal to end three weeks of fighting with US and Iraqi troops.
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Iraq&#39;s interim government and the US military forces in Najaf were adopting a &quot;wait-and-see&quot; approach last night after giving Shia rebels 24 hours in which to agree a peace deal with the senior Shia cleric, Grand Ayatollah Ali Sistani.
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World oil prices have firmed after a five-session drop after a tentative cease-fire took hold in the Iraqi city of Najaf. New York&#39;s main contract, light sweet crude for October delivery, rose eight cents to $US43.
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The Najaf deal may bring short-term peace to the ravaged holy city after three weeks of urban warfare, but the cease-fire terms could pose a long-term danger to U.S. troops and interests in Iraq.