Oil prices dip back below 50 dollars as tensions ease in Nigeria
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Oil prices slid below the psychologically critical 50 dollar a barrel mark as tensions eased in Nigeria's southern oil heartland, where a rebel group fighting for control of the country's key resource said it had surrendered its weapons.
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NEW YORK: Oil dropped below $50 a barrel last night to the lowest price in more than a month, extending a $6 slide from recent peaks as the US presidential election got underway.
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New York, Sept. 29 (NNN): Hitting fresh 21-year highs of more than $50 a barrel a day earlier, oil prices eased slightly on Tuesday but remained quite volatile as increased fighting in Nigeria forced several
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Oil prices ended above the $50-a-barrel mark on Friday amid concern over possible conflict in Nigeria's oil-producing delta region, where a two-day truce between rebel militia and government forces is holding.
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Oil prices tiptoed lower on Tuesday,  marking a fourth day of losses as worries over potential supply  shortfalls ahead of winter faded and Nigerian unions called off  a strike that could have disrupted exports.
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NEW YORK - Oil prices closed above $50 a barrel for the first time in New York trading Friday, as traders fretted about Nigerian oil production amid a threatened rebel uprising.
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Red-hot oil prices cooled, easing below 50 dollars a barrel in New York after news of stronger-than-expected US inventories and oil in the United States and diminishing fears of unrest in Nigeria.
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Crude oil futures fell after a cease- fire held in Nigeria, lessening concerns that rebel fighting may disrupt US imports from Africa&#39;s biggest oil-producing state.
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Oil prices slid toward $49 a barrel  on Thursday after U.S. crude stocks rose unexpectedly and  rebels in Nigeria's oil-rich delta region agreed to a  cease-fire with the government, reducing an imminent threat to  supplies.
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NEW YORK - Oil prices ended above the $50-a-barrel mark last week amid concern over possible conflict in Nigeria&#39;s oil-producing delta region, where a two-day truce between rebel militia and government forces is holding.
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Crude oil climbed back over $50 a barrel on Thursday, with worries over the security of Nigerian supplies supporting prices despite a surprise increase in U.S. crude inventories.
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Oil prices ended above $50 a barrel on  Friday amid concern over possible fighting in Nigeria's  oil-producing delta region, where a two-day truce between rebel  militia and government forces was holding.
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Oil prices fell Monday amid news of the release of an American oil worker kidnapped in Nigeria.Comment
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High-flying oil climbed back toward $50  a barrel on Thursday, with worries over the security of  Nigerian supply supporting prices despite a surprise build in  U.S. crude inventories.
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Oil prices have neared last week&#39;s record high after bouncing back above the $50-a-barrel mark despite a peace deal between rebel gangs in Nigeria.
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Oil prices pierced the $50-a-barrel mark again today amid concern over possible conflict in Nigeria's oil-producing delta region.
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Oil prices eased on Monday after  rebels in Nigeria withdrew a threat to target oil operations,  but lingering concerns over stretched supplies ahead of winter  kept prices close to $50 a barrel.