Oil sets new record near $147 a barrel :: CHICAGO SUN-TIMES :: Business
Summary from United States, from articles in English
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Oil prices spiked Friday as continued tensions in the Middle East and concerns of renewed violence in Nigeria pushed the price for a barrel of oil to a record near $147. (article 1)
Oil prices had fallen $10 over two days to start the week and as oil rebounded Friday, Dow Jones industrial average futures fell more than 120 points. (article 1)
Oil prices rebounded by more than $5 a barrel Thursday, as another missile launch by Iran stoked worries that escalating political tensions in the Middle East could cut off supplies out of the region. (article 2)
A day after Iran tested a missile capable of reaching Israel, Secretary of State Condoleezza Rice warned the oil-producing nation that the United States will defend its allies. (article 2)
The mounting hostilities drew buyers back into the jittery energy markets, said John Kilduff (article 2)
When Petrobras employees refused to work for five days in 2001, oil production fell sharply and Brazil had to import extra oil. (article 3)
The decline bolstered a rally in the stock market, with the Dow Jones industrial average rising 152.25 points, or 1.36 percent, to 11,384.21. (article 4)
" The bias is still clearly to the upside, with $150 firmly in the sights of traders. (article 4)
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Event tracking:
Story keywords
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oil, Prices, barrel, Stocks, Iran |
Source articles
- Oil sets new record near $147 a barrel :: CHICAGO SUN-TIMES :: Business (suntimes.com, 07/11/2008, 572 words)
- ABC News: Oil Rebounds on Iran, Nigeria Worries (ABCNews, 07/10/2008, 323 words)
- Petrobras strike threat pushes up crude price (ft.com, 07/10/2008, 570 words)
- Surprisingly, Oil Declines for 2nd Day (nytimes.com, 07/09/2008, 706 words)
- Chicago Sun-Times :: Archive :: (suntimes.com, 07/11/2008, 2993 words)
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