Business News for Technology Leaders Crude Oil Slides as Nigeria ...
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still near the record high of $53 a barrel -- slipped a little Friday, as Nigerian union leaders and government officials entered last-minute talks to resolve a dispute over rising fuel prices.
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NEW YORK -- Crude oil futures briefly climbed back over $50 a barrel yesterday, with worries over the security of Nigerian supplies supporting prices despite a surprise increase in US crude inventories.
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Crude oil prices fell Tuesday as traders widely anticipated a continuing increase in US inventories of crude oil. On the New York Mercantile Exchange, crude oil futures for December delivery fell 76 cents to settle at US$46.11 per barrel.
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Crude oil futures briefly climbed back  over $50 a barrel on Thursday, with worries over the security  of Nigerian supplies supporting prices despite a surprise  increase in U.S. crude inventories.
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Nigerian stock prices dropped 0.4 percent last week as the index closed at 52,264.11 points from 52,452.49 the previous week, brokers said Sunday.
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Oil prices slid below the psychologically critical 50 dollar a barrel mark as tensions eased in Nigeria's southern oil heartland, where a rebel group fighting for control of the country's key resource said it had surrendered its weapons.
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London crude prices hit record highs on Monday as Nigeria emerged as the new focus of worries about supply security on world oil markets.
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Rarely has the oil price fallen so far so fast. Crude futures have dropped more than 15 per cent in only four sessions sending prices to three month lows.
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Crude oil futures may fall on increased global production and speculation that demand growth is slowing, a survey has shown. Crude oil for December delivery fell US$2.
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Oil prices fell again Thursday as worries over supply disruptions eased. New York light sweet crude ended the day just over $43, and OPEC president Purnomo Yusgiantoro said the cartel hoped
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Crude oil prices surged past the $50 per barrel milestone in overnight trading in response to the triple threat of turmoil in the oil-rich countries of Nigeria and Iraq and a decline in production in the hurricane-battered Gulf of Mexico.
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Cartel may act to stem crude price slide; Nigeria unrest, attack on US consulate also weigh. SINGAPORE  - World oil prices bounced from a three-month low Monday as traders looked for OPEC to take
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Oil slipped on Monday to around $59 a barrel, pressured by expectations for warmer weather in the United States and supported by threats to supply in Nigeria.
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NEW YORK, November 12  - Crude oil prices were volatile this morning, briefly rising on concerns regarding potential crude export disruptions in Nigeria due to a nationwide strike.
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London crude prices have hit record highs as Nigeria emerges as the new focus of worries about supply security on world oil markets.
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The price of crude oil fell for a third straight day today, brought down from a midweek record high by news of higher-than-expected US stocks and by Chinaâs latest moves to cool its economy.
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Crude oil futures prices fell sharply Tuesday on growing expectations that a (northern hemisphere) winter supply crisis will be averted and as union leaders canceled a strike in major exporter Nigeria.