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NEW YORK (CNNMoney.com) -- Oil prices rose Monday on talk of an OPEC production cut, but they were off the day's highs after comments from Saudi Arabia put a damper on that speculation.
U.S. crude for April delivery was up $1.54 to $47.06 a barrel at 1:3..
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LONDON (Reuters) -- Oil hovered around the break-even mark on Monday as investors weighed the weak economy with speculation that OPEC may agree to cut production further at a meeting this weekend.
OPEC Secretary General Abdullah al-Badri said on Monday t..
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NEW YORK (Reuters) -- Oil fell more than a dollar to below $44 a barrel Thursday as the deteriorating economic outlook heightened expectations that fuel consumption would shrink further.
The losses tracked a slide in global equities markets, with major U..
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NEW YORK (Reuters) -- Exxon Mobil Corp said Thursday it was well-positioned to ride out weak oil prices and that it would hike its capital spending by nearly 12% this year.
Exxon, the world's largest publicly traded company, said it would spend about $29..
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NEW YORK (CNNMoney.com) -- Oil prices rose for the third straight session Thursday as talk of production restrictions raised supply concerns.
Crude oil for April delivery rose $2.72, or 6.4%, to close for the day at $45.22 a barrel.
"We have had a nice..
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LONDON (Reuters) -- Oil rose above $45 a barrel on Thursday after the United Arab Emirates announced deeper cuts in crude supply to Asia for April in a possible signal that OPEC will cut output further at its next meeting in March.
Abu Dhabi National Oil..
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LONDON (Reuters) -- Oil slipped below $40 a barrel on Monday as the U.S. stock market retreated despite a report that the U.S. government was in talks on increasing its stake in Citigroup.
U.S. front-month crude fell 20 cents to $39.83 by 10:40 am ET, of..
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NEW YORK (Reuters) -- Oil prices dropped more than $2 Friday as the deteriorating global economic outlook stoked concerns that crude demand will continue to shrink.
U.S. crude futures for March delivery, which expire Friday, fell $2.12 to $37.36 a barrel..
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NEW YORK (CNNMoney.com) -- Oil prices rose Thursday after the government reported that the nation's supplies of crude shrank slightly last week after growing for several weeks.
Light, sweet crude for March delivery was rose $2.23 to $36.85 a barrel in Ne..
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LONDON (Reuters) -- U.S. oil prices rose above $35 a barrel on Wednesday, parring but not reversing Tuesday's nearly 7% drop on renewed economy concerns, slumping demand and bloated inventories.
U.S. crude for March delivery rose 32 cents to $35.25 a bar..
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LONDON (Reuters) -- Oil in New York fell below $37 a barrel on Tuesday as bleak economic indicators turned the focus back to the worldwide slump in demand, outweighing lower supplies due to OPEC cutbacks.
A Reuters poll showed confidence among Japanese m..
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LONDON (Reuters) -- U.S. oil prices slipped towards $37 a barrel on Monday as a raft of bearish economic data focused attention on declining global oil demand.
Japan's economy shrank in the last quarter by its most since the first oil crisis in 1974, hit..
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NEW YORK (CNNMoney.com) -- Oil prices rose more than $3 Friday as Congress was preparing to vote on a $787 billion stimulus bill in hopes of jump-starting the economy.
U.S. crude for March delivery was trading up $3.10 to $37.08 a barrel in electronic tr..
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NEW YORK (CNNMoney.com) -- Oil prices fell to a seven-week low Thursday as investors remain concerned about weak energy demand and swelling U.S. crude supplies.
Light, sweet crude for March delivery fell $1.96, or 5%, to settle at $33.98 a barrel. It was..
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LONDON (Reuters) -- Oil fell $2 a barrel towards $39 on Friday after news of more job losses in the United States heightened the prospect for still weaker demand in the world's biggest oil consumer.
Nearly 600,000 workers lost their jobs in the United St..
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LONDON (Reuters) -- Oil slipped under $40 on Thursday as investors took in U.S. data showing a 26-year record high in the number of workers filing new unemployment benefit claims.
The U.S. Labor Department said initial claims for state unemployment insur..
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NEW YORK (CNNMoney.com) -- Oil prices were caught in a tug-of-war around $40 a barrel Thursday as investors digested several negative economic reports and weighed the possibility of another OPEC production cut announcement in March.
U.S. crude for March..
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NEW YORK (CNNMoney.com) -- Oil prices remained higher Wednesday, but off their peaks, after the nation's oil supply rose more than expected.
U.S. light crude for March delivery was up 25 cents to $41.03 a barrel. Oil traded up 77 cents just prior to the..
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NEW YORK (CNNMoney.com) -- Oil prices rose Tuesday as signs of OPEC production cuts began to emerge. But gains were tempered as the group fell short of its pledge and the economy continued to show weakness.
U.S. crude for March delivery ended the day up..
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NEW YORK (CNNMoney.com) -- Oil prices fell Monday as investors remained concerned about a deepening recession and its impact on global demand for energy.
Light sweet crude for March delivery was down 41 cents to $41.27 a barrel at 1:40 p.m. ET, and had f..
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