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Oil drops 7 percent to 3-1/2-year low below $50
NEW YORK - Oil prices dropped more than 7 percent to below $50 a barrel on Thursday as a bearish U.S. jobs report intensified concerns of a long and deep global recession and further crushed fuel demand expectations.
Nations:Kuwait Venezuela Saudi Arabia Activities:2007-8 Oil Crisis Source:(Reuters)
2008-11-20
Oil lingers near $55 as investors mull recession
SINGAPORE - Oil prices lingered near $55 a barrel Tuesday in Asia as investors mulled more dire news pointing to a prolonged recession in developed countries and sustained weakness in demand for crude.
Activities:2007-8 Oil Crisis Source:(AP)
2008-11-17
OPEC head: oil production cuts unlikely this month
ALGIERS, Algeria - More oil output reductions aren't likely this month because OPEC members haven't yet fully enforced previous quotas and the organization needs more data before it reaches a decision, the cartel's president said Sunday.
Nations:Algeria Kuwait Activities:2007-8 Oil Crisis Source:(AP)
2008-11-16
Oil rises on China rescue plan, Saudi cuts
NEW YORK - Oil prices rose on Monday as Saudi Arabia's move to cut supplies and China's launch of a $600 billion economic stimulus plan aided market volatility.
Nations:Saudi Arabia Activities:2007-8 Oil Crisis
2008-11-10
Putin says Russia should act to influence oil prices
MOSCOW (AFP) - Russia's Prime Minister Vladimir Putin said the country must act to influence oil prices hit by the global economic crisis, in what could signal a significant change of approach by the major crude exporter.
Nations:Russia People:Vladimir Putin Activities:2007-8 Oil Crisis Source:(AFP)
2008-11-10
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Matches Shown: | 1-50 | 51-100
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