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Oil settles at highest level since Sept. 2008 Oil prices rose past $104 a barrel to end the week at a 29-month high, as fighting in Libya intensified and the world's largest petroleum consumer, the U.S., reported that employers added nearly 200,000 new jobs in February.The Labor Department said Friday that the unemployment rate dropped to 8.9 percent in February. While that's positive news for the economy, the report also suggests that more people
Oil prices hit highest level since Sept. 2008
Oil prices hit a fresh two-year intraday high after the U.S. government said the unemployment rate fell to 8.9 percent in February.
Oil prices drop as oil shipments restart in Libya
Oil prices are falling amid signs the disruption to exports from Libya is easing.
Oil surges on offshore drilling report
Oil prices surged Tuesday after a presidential panel investigating the Gulf oil spill said the oil industry and the government need to do more to reduce the chances of another large-scale disaster.
Oil prices end lower on growing global uncertainty
Oil prices dropped for a third day on Tuesday with persistent worries about the global economy after China took additional steps to control inflation, and North Korea and South Korea clashed.
Oil hits 2-year high above $88
The price of oil, which tumbled as the global financial turmoil worsened in late 2008, has climbed back to where it was at the beginning of the crisis, thanks to a recovering U.S. and global |
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