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Gas and diesel prices rocketed to new records Friday; oil falls on profit-taking
Summary from multiple countries, from articles in English
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A closed meeting of big oil companies, Opec and leading commodity exchanges will discuss the upwards spiral of the crude oil price amid mounting concern that the recent surge is not reflecting the slowdown in the global economy. (article 9)
NEW YORK - The rally in energy prices gained momentum Friday, with U.S. retail gas prices rising further into record territory and diesel and heating oil futures setting records of their own amid concerns about strong global demand and tight supplies. (article 6)
Other commodities traded mostly higher, with crude oil rising to a new trading record above $110 and wheat futures advancing sharply as well. (article 8)
On Friday, investors engaged in a little of both, sending oil prices down more than a dollar at one moment, and propelling them to new records the next. (article 3)
Commodity markets marked an historic moment on Thursday when gold touched the key $1,000 level for the first time while oil prices hit a new peak as the dollar sank through the Y100 mark and further turbulence rocked financial markets. (article 13)
The International Energy Agency has convened talks with global oil experts to help determine "whether current oil prices are justified by market fundamentals". (article 10)
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Other summaries about this story:
Other stories about oil, dollar and crude:
Event tracking:
Story keywords
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oil, dollar, crude, prices, percent |
Source articles
- Oil Prices Fall Below $105 a Barrel (Washington Post, 03/14/2008, 443 words)
- Oil Prices Down After Last Week's Record (Washington Post, 03/14/2008, 504 words)
- Oil Falls After Setting Record (Washington Post, 03/14/2008, 659 words)
- Gas Prices Near Records, Following Oil (Washington Post, 03/14/2008, 442 words)
- Oil Falls From Record $111 a Barrel (Washington Post, 03/14/2008, 364 words)
- Gas and diesel prices rocketed to new records Friday; oil falls on profit-taking (cbc.ca, 03/14/2008, 716 words)
- Gold Tops $1,000 on Bear Stearns Crisis (Washington Post, 03/14/2008, 485 words)
- Precious Metals Rise on Dollar Drop (Washington Post, 03/14/2008, 476 words)
- Opec and commodity traders to mull oil price (business.timesonline.co.uk, 03/15/2008, 452 words)
- Oil watchdog to analyse record highs (ft.com, 03/12/2008, 480 words)
- Oil rises to new highs as U.S. dollar weakens (cbc.ca, 03/13/2008, 296 words)
- Oil rise sees prices touch $111 (BBC News, 03/13/2008, 216 words)
- Gold renews challenge on $1,000 level (ft.com, 03/13/2008, 616 words)
- Gold and oil pass milestones (ft.com, 03/14/2008, 473 words)
- Budget deficits and weak corporate profits were al... (baltimoresun.com, 03/14/2008, 433 words)
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blaster@cs.columbia.edu
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