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Oil prices tumbles on U.S. Energy Department supply report, U.S. dollar concerns
Summary from multiple countries, from articles in English
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NEW YORK - Oil prices fell sharply Thursday after the U.S. Energy Department reported unexpected declines in crude oil supplies last week but said the drop was due to temporary delays in unloading oil tankers along the Gulf Coast. (article 8)
Oil prices recently hit record highs above $135 a barrel and have doubled in less than a year. (article 13)
Why are oil prices so high? Economists will tell you that prices are set by supply and demand and, indeed, at the heart of the rise in oil prices are what are known as the fundamentals. (article 13)
Hedge funds and other speculators have been blamed by both energy companies and oil producing countries for part of the sharp rise in the fuel price, which this month broke through the $130 a barrel. (article 3)
Commodities prices fell across the board on Thursday on fears that record prices are damping demand and concerns about the economic slowdown in the US. (article 18)
Crude oil prices received an initial boost to hover around the $130-a-barrel level from the largest weekly fall in US oil inventories in more than three and a half years. (article 18)
Canadians shouldn't expect any relief from high oil, gasoline and natural gas prices in the coming months, the National Energy Board says in its summer outlook. (article 17)
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Story keywords
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Oil, prices, crude, energy, dollar |
Source articles
- Federal agency discloses probe of crude oil contracts - (baltimoresun.com, 05/29/2008, 724 words)
- Futures watchdog investigates oil market (ft.com, 05/29/2008, 1020 words)
- Regulators to limit oil speculation (business.timesonline.co.uk, 05/29/2008, 166 words)
- U.S. oil probe focusing on price manipulation: report (Washington Post, 05/30/2008, 354 words)
- Soybean prices dive on Argentina strike progress (Washington Post, 05/30/2008, 436 words)
- Gas prices keep climbing even as oil prices drop (Washington Post, 05/30/2008, 327 words)
- Oil slips ahead of US inventory report (Washington Post, 05/30/2008, 615 words)
- Oil prices tumbles on U.S. Energy Department supply report, U.S. dollar concerns (cbc.ca, 05/29/2008, 806 words)
- Oil prices fall to near $126 a barrel (Washington Post, 05/30/2008, 496 words)
- Oil steady, dollar gains overshadow steep stock fall (Washington Post, 05/29/2008, 353 words)
- Gas Prices Near Records, Following Oil (Washington Post, 05/30/2008, 442 words)
- It's hard to say who is to blame for soaring oil p... (baltimoresun.com, 05/29/2008, 403 words)
- Q&A: Record oil prices (BBC News, 05/29/2008, 883 words)
- Oil falls sharply on dollar rally (BBC News, 05/29/2008, 369 words)
- High oil prices hit global economies (BBC News, 05/28/2008, 1689 words)
- Fuel Prices Siphoning Money From U.S. Economy (Washington Post, 05/30/2008, 827 words)
- Don't expect oil or gas prices to fall this summer, NEB warns (cbc.ca, 05/28/2008, 233 words)
- Crude moves further off record high (ft.com, 05/29/2008, 541 words)
- Investors should be wary of riding the food commodity wave (cbc.ca, 05/29/2008, 900 words)
- Amid a sell-off, oil market may have to stop believing its PR (latimesblogs.latimes.com, 05/29/2008, 486 words)
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blaster@cs.columbia.edu
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