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Oil recovers but demand worries remainOil prices bounced back above $80 a barrel Monday after a group of European countries tried to restore economic confidence by promising to bail out major banks. ... |
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Russian shares fall, unmoved by government rescue plan - SummaryMoscow - Russia's exchanges suffered losses Monday on deteriorating oil prices, reversing an initial gain as markets remained impervious to news that the government plans to push through a new nearly 7-billion-dollar crisis control plan. The drop was... ... |
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Lower oil prices will help travellersOil prices are tumbling. That is good news, right? Well, it is good news for drivers as prices at the petrol pump begin to come down. It is reasonable news for cruisers as several lines have vowed to reduce their surcharges (albeit for 2010 bookings) but for most British air passengers it is the ... |
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Russia's MICEX gains after one-day shut downMoscow - Russia's MICEX exchange gained ground on opening Monday after regulators order full-day closures Friday as stocks were pummeled on global markets. Higher oil prices was a salve to Russia's energy dependent markets, while state banks Sberbank... ... |
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Gasoline Price Makes Biggest Drop EverThe average rate for a gallon of gasoline in the US fell drastically, as the largest drop on record. Consumer demand, falling oil prices and the worldwide financial crisis have all driven the price of gas at...read more ... |
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As profits dip, oil countries' aid programs may take hitVenezuelan President Hugo Chvez is helping people by converting high oil prices into billions of dollars spent on aid programs ... ... |
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