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Oil drops to $122.30 on lower gas demand
Comparison of two summaries:
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Information unique to its summary
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Information unique to summary from multiple countries, from articles in English
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Information unique to summary from the United Kingdom, from articles in English
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NEW YORK - Oil prices extended their drop yesterday from record highs, falling to around $122 after the Energy Department said gasoline demand fell sharply last week. (article 10)
Retail gas prices, meanwhile, rose to a new record above $3.98 a gallon and are likely to hit $4 in coming days, although oil prices have retreated nearly $13 from last month's record levels. (article 9)
June 4, 2008 Billionaire investor George Soros said the record oil prices weighing on the economy are the result of a "bubble" caused by speculation from index funds and a tight balance between supply and demand. (article 7)
India imports nearly 75% of its crude oil requirements and controls the price of domestic fuel products to help contain inflation and protect the poor. (article 2)
Oil prices fell by more than $2 a barrel on Wednesday as latest figures showed US petrol reserves had risen more than expected. (article 3)
The rising cost of oil is having a major impact on the world's economies, with the fall-out being felt by both consumers and businesses. (article 4)
(CNN) Rising oil and gas prices have lawmakers and consumers scrambling for solutions, but it is unclear whether anything can be done to lower energy costs in the short term, experts say. (article 14)
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India imports nearly 75% of its crude oil requirements and controls the price of domestic fuel products to help contain inflation and protect the poor. (article 2)
Oil prices fell by more than $2 a barrel on Wednesday as latest figures showed US petrol reserves had risen more than expected. (article 3)
In London, Brent crude fell $2.82 to $121.76, while in New York, light, sweet crude dipped as low as $121.84. (article 3)
" The days of establishing new record prices appear to be temporarily over said Victor Shum, an energy analyst from consultancy Purvin and Gertz. (article 3)
Oil price rises are a sensitive political issue in India, where a marginal rise in the price of, say diesel, triggers off food and other commodity inflation. (article 1)
The rising cost of oil is having a major impact on the world's economies, with the fall-out being felt by both consumers and businesses. (article 4)
As the oil prices continue to increase - now at a record high of $135 a barrel - BBC business reporters assess the impact in their area. (article 4)
The rising cost of fuel is one of the factors behind higher food prices across Europe, with higher transport costs forcing manufacturers to charge more for their products. (article 4)
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Source articles
- India courts risk with fuel hike (BBC News, 06/04/2008, 732 words)
- India forced to raise fuel prices (BBC News, 06/04/2008, 414 words)
- Oil dips to $121 as reserves grow (BBC News, 06/04/2008, 191 words)
- Soaring cost of oil (BBC News, 06/03/2008, 245 words)
- China hit by fuel shortages as supplies are cut (ft.com, 06/04/2008, 471 words)
- Fuel price rise may only power inflation (ft.com, 06/04/2008, 560 words)
- SOROS: RECORD OIL PRICES ARE DIRECT RESULT OF 'BUBBLE' (NY Post, 06/04/2008, 271 words)
- Speculators driving up oil prices, Senate panel told (seattletimes.nwsource.com, 06/04/2008, 648 words)
- Oil falls after government says gas demand is down (seattletimes.nwsource.com, 06/04/2008, 703 words)
- Oil drops to $122.30 on lower gas demand (boston.com, 06/05/2008, 331 words)
- Oil prices may have peaked (L.A. Times, 06/04/2008, 705 words)
- Protests, strikes staged as gas soars; a gallon now $11 in Turkey (sfgate.com, 06/04/2008, 806 words)
- Six fixes for high gas prices (money.cnn.com, 06/04/2008, 1093 words)
- Is there a short-term fix for high gas prices? (CNN, 06/02/2008, 966 words)
- Skyrocketing gasoline prices force changes (L.A. Times, 06/03/2008, 996 words)
- Bending the laws of supply and demand (seattletimes.nwsource.com, 06/04/2008, 246 words)
- BUSINESS BRIEFING (Washington Post, 06/04/2008, 327 words)
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Source articles
- India courts risk with fuel hike (BBC News, 06/04/2008, 732 words)
- India forced to raise fuel prices (BBC News, 06/04/2008, 414 words)
- Oil dips to $121 as reserves grow (BBC News, 06/04/2008, 191 words)
- Soaring cost of oil (BBC News, 06/03/2008, 245 words)
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oil, Prices, Gas, barrels, energy |
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blaster@cs.columbia.edu
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