Oil price drops after Iraqi production resumes
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Exports of crude have resumed from oil fields in the north and south of Iraq, driving down prices on global markets overnight. After going just shy of $US50 a barrel at the end of last week, the key oil futures
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Oil prices eased from new highs on Friday as dealers pocketed profits from a long record-breaking run after escalating violence in Iraq took US crude close to $50 a barrel.
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Oil prices rebounded on Tuesday as  fresh violence rocked Iraq ahead of elections later this month  and as Saudi Arabia, OPEC's top producer, said it is making  good on a pledge to cut output.
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Oil prices slid on Thursday after a  bigger-than-expected rise in U.S. fuel inventories soothed some  worries of a winter squeeze, but the fall was limited by an  upcoming OPEC meeting and Iraqi elections.
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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
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High-flying oil prices eased for a  second session on Monday as Iraq resumed exports from both its  northern and southern outlets after lengthy disruption, despite  fierce fighting in the holy city of Najaf.
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Oil prices edged higher on Thursday from a heavy drop the day before as renewed violence and sabotage attacks in Iraq revived fears over supply disruptions.
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Oil prices have resumed their upward path, lifted by reports of pipeline sabotage in Iraq and fears that Russian firm Yukos may suspend production.
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By Andrew Mitchell LONDON  - High-flying oil prices eased for a second session on Monday as Iraq resumed exports from both its northern and southern outlets after lengthy disruption, despite fierce fighting in the holy city of Najaf.
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U.S. oil prices slid more than 1.6  percent on Monday following OPEC's decision at the weekend to  leave cartel production unchanged for the time being and after  Iraq's election went ahead without disruption to key oil  exports.
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The price of oil falls for the fourth day in a row, aided by an increase in Iraqi exports and data showing better than expected petrol stocks in the US.
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U.S. oil prices slid below $46 on  Tuesday, marking the third successive session of falls as Iraqi  exports returned to near normal, although supply uncertainties  kept the market close to historic levels.
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Crude oil futures fell close to a one- month low on expectations a cease-fire in southern Iraq will reduce the sabotage of oil pipelines and supplies from Russia will increase.
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NEW YORK : World oil prices firmed after a five-session drop amid renewed concerns over unrest in Iraq despite a ceasefire in its holy city of Najaf.
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NEW YORK - 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 edged higher on Thursday  from a heavy drop the day before as renewed violence and  sabotage attacks in Iraq revived fears over supply disruptions.
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Oil prices rose on Wednesday, stemming an eight-session slide that has dragged prices down 14 percent from record highs as news emerged of a fresh pipeline fire in Iraq.