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oil prices

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Nov 04

U.S. oil drills slow as crude prices drop

By Rebecca Jacobson, Inside Energy

Oil prices in the U.S. dropped 3 percent on Tuesday, putting U.S. crude at $76.45 a barrel. That’s the lowest price since October 2011, according to Reuters.

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Jul 03

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News Wrap: Egypt's Political Crisis Causes Spike in Oil Price

News Wrap: Egypt's Political Crisis Causes Spike in Oil Price…

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Jun 09

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Unusual Dispute Within OPEC Pushes Oil Prices Even Higher

What does the dissent within the ranks of the oil-producing nations in OPEC mean for oil prices in the U.S.? Margaret Warner discusses the turmoil at OPEC summit this week with Ed Crooks of The Financial Times.

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Jun 03

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Obama Seeks Saudi King's Counsel on Eve of Address to Muslim World

By PBS News Hour

President Barack Obama began his latest effort to open a dialogue with the Muslim world with a visit to King Abdullah of Saudi Arabia on Wednesday.

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May 25

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Summer Travelers Witness Another Rise in Gas Prices

As crude oil costs climb higher, summer travelers are watching the price of gasoline increase. Analysts examine the factors pushing oil prices up.

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Jul 28

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Nigerian Militants Renew Oil Pipeline Attacks

By PBS News Hour

Nigeria's main militant group in the oil-rich Niger Delta region claimed responsibility for two oil pipeline attacks Monday, less than a week after officially calling off a cease-fire on pipeline sabotage…

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Jul 09

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Why are many oil-producing countries still unable to solve their chronic poverty problem?

Question/Comment: With the record world petroleum prices, why is it that many oil-producing countries, such as Mexico, Venezuela, Nigeria, are still unable to solve their chronic poverty problem? Shouldn't the oil boom generate more jobs for the masses…

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Jul 03

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Economy Burdened by Job Losses, Slipping Sales, Oil Costs

The Labor Department announced the sixth consecutive month of job cuts Thursday as employers cut 62,000 workers, further fueling U.S. economic concerns. Analysts examine the news.

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May 23

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Consumers Face Tough Choices as Gas Prices Rise

As the summer travel season begins this Memorial Day weekend, American motorists are shifting their consumption patterns as they adjust to higher prices at the gas pump. Experts examine how consumers are handling the higher fuel prices.

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May 06

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Indonesia Mulls Quitting OPEC; Oil Prices Leap Past $122 a Barrel

By PBS News Hour

Indonesian President Susilo Bambang Yudhoyono said Tuesday that his country is considering dropping out of the Organization of Petroleum Exporting Countries based on its declining oil output.

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