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Opening Glance: Rails, shippers fall as oil up



By AP
09 July 2008 @ 10:12 am EST

NEW YORK - Shares of railroads and shippers fell in early trading Wednesday as oil rebounded following Tuesday's steep decline.

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Quotes
UNP 75.46 -0.27
BNI 99.87 -0.24
CSX 57.71 -0.27
FDX 82.28 -0.52
UPS 63.89 -0.27

SYMBOL LOOKUP

Light, sweet crude for August delivery rose $1.07 at $137.11 a barrel in early trading on the New York Mercantile Exchange. The contract fell $5.33 to close at $136.04 a barrel Tuesday.

Here's how major players performed:

Union Pacific Corp., down 11 cents to $73.70.

Burlington Northern Santa Fe Corp., down 83 cents to $97.69.

CSX Corp., down 42 cents to $60.37.

FedEx Corp., down $1.21 to $76.28.

United Parcel Service Inc., down 11 cents to $60.29.

Copyright 2008 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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