Oil surges to record above $144

Oil prices rose to a new record Wednesday as traders mostly looked past a mixed inventory report to focus on continued geopolitical instability, currency issues and a looming jobs report.

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Wall Street extends losses in volatile week (AP)

Specialist Glenn Carell watches the numbers as he works at his post on the New York Stock Exchange trading floor, Thursday June 26, 2008. Wall Street plunged Thursday, hurtling the Dow Jones industrials down to their lowest point in nearly two years as investors contended with a barrage of bad news: a surge in oil prices past $140 a barrel and warnings of trouble in the key financial, automotive and high-tech industries. (AP Photo/Richard Drew)AP - Wall Street ended a depressing week with another big loss on Friday, with the Dow Jones industrials falling more than 100 points amid ever-escalating worries about high oil prices and fallout from the credit crisis. The major indexes are all down more than 3 percent for the week.



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Oil hits record near $143 on rising investor flows (Reuters)

A Chevron tanker truck unloads gasoline into underground storage tanks in Burbank, June 18, 2008. (Fred Prouser/Reuters)Reuters - Oil prices rose to a record near $143
a barrel on Friday as a drop in global equities markets sent
fresh investors into commodities.



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US cracks down on oil speculators

US regulators slap limits on oil contracts traded overseas amid fears speculators are artificially boosting oil prices.
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Oil at record near $140 a barrel

Oil prices hit a record $139.89 a barrel in trade in New York, despite a Saudi pledge to increase output.
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Stocks rally at end of tough week

Stocks rallied Friday, muscling back at the end of a tough week, with a stronger dollar and weaker oil prices giving investors a reason to dive back into some recently beaten-down shares.

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Coca-Cola’s gain, oil’s drop lead stocks higher (Reuters)

Traders work on the floor of the New York Stock Exchange, April 16, 2008. (Keith Bedford/Reuters)Reuters - U.S. stocks shifted gears and climbed
at midday on Tuesday as investors bought Dow industrials like
Coca-Cola and other companies with steady earnings, while a
drop in oil prices helped ease concerns about inflation.

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Coca-Cola’s gain, oil’s drop lead stocks higher (Reuters)

Traders work on the floor of the New York Stock Exchange, April 16, 2008. (Keith Bedford/Reuters)Reuters - U.S. stocks shifted gears and climbed
at midday on Tuesday as investors bought Dow industrials like
Coca-Cola and other companies with steady earnings, while a
drop in oil prices helped ease concerns about inflation.

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BlackRock’s Doll says Fed on hold for now (Reuters)

Bob Doll, Global Chief Investment Officer for Equities at BlackRock, speaks at the Reuters Investment Outlook Summit in New York, December 10, 2007. (Brendan McDermid/Reuters)Reuters - One of the biggest U.S. money
managers said on Tuesday the Federal Reserve was unlikely to
raise interest rates despite surging oil prices until the U.S.
economy shows more signs of stabilization.

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BlackRock’s Doll says Fed on hold for now (Reuters)

Bob Doll, Global Chief Investment Officer for Equities at BlackRock, speaks at the Reuters Investment Outlook Summit in New York, December 10, 2007. (Brendan McDermid/Reuters)Reuters - One of the biggest U.S. money
managers said on Tuesday the Federal Reserve was unlikely to
raise interest rates despite surging oil prices until the U.S.
economy shows more signs of stabilization.

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