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Oil rallies above $92

Oil rallied to a fresh record high above $92 a barrel on Friday as the dollar tumbled to a record low, Washington imposed new sanctions on Iran and gunmen shut more oil production in Nigeria. Oil's bullish momentum has pulled in increasing amounts of speculative investment and waves of technical buying have been triggered as U.S. oil pierced successive lines of resistance.

Brent crude at record

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Brent crude hit an all-time high and U.S. oil surged more than $1 towards $89 on Thursday, after a slide in U.S. oil stocks renewed fears of an energy crunch during the northern hemisphere's winter heating season.

Turkish troops repulse rebel attack

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Turkish forces said they repelled a Kurdish rebel attack near the Iraqi border and President Abdullah Gul warned the PKK on Thursday that Turkey's patience was running out.
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U.S. outlines Baghdad security handover plan

U.S. forces hope to hand over half of Baghdad to Iraqi security control by the end of 2008, after violence in Iraq dropped to its lowest level since January 2006, the No. 2 U.S. general in Iraq said on Wednesday.
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Turkey sends minister to Iraq

Turkey's foreign minister will vow military action in northern Iraq unless Iraqi and U.S. forces crack down on separatist Kurdish guerrillas.
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Oil falls to $87 on U.S. economy concerns

Oil fell nearly $2 to below $87 a barrel on Monday as financial markets tumbled on growing concerns over the health of the U.S. economy, triggering a correction from recent record highs.
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Turkey to exhaust diplomacy before striking

Turkey said on Monday it will exhaust diplomatic channels before launching any military strike into northern Iraq to root out Kurdish rebels, who killed at least a dozen Turkish soldiers in fighting over the weekend.
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Iran's hawks winning nuclear policy argument

A change in Iran's top nuclear negotiator indicates President Mahmoud Ahmadinejad and those who oppose any compromise in an atomic standoff with the West are winning the policy argument in the Islamic Republic.
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Oil extends fall to $88

Oil prices fell on Monday, extending the previous session's decline on profit taking from record highs, but clung to $88 on violence between Turkish soldiers and Kurdish guerrillas and a record-low dollar.
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Daily Show gets own Web site

After more than a decade on the air, Comedy Central's The Daily Show With Jon Stewart has its own online home.
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Oil eyes record high $89

Oil resumed its upward march on Thursday, its sights set on a new record high above $89 that would deepen economic worries in the United States and unease among some OPEC producers.
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Gold bounces on bargain hunting, platinum hits record

Gold rebounded on Thursday as bargain hunters returned to the market amid worries about possible military action by Turkey in northern Iraq, high oil prices as well as a weak dollar.
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Oil eases above $87, OPEC in focus

Oil eased towards $87 on Thursday after Nigeria's energy minister raised the possibility OPEC may review output, reflecting its unease with record prices the United States says are of great concern to its economy.
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Putin says Iraq shows need for strong Russia

Russian President Vladimir Putin criticized the U.S.-led war in Iraq on Thursday, saying that experience showed the need for resource-rich countries like Russia to build up their armed forces to defend themselves.
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Turkey approves Iraq incursion plan, allies anxious

Turkey's parliament resoundingly approved a motion on Wednesday allowing troops to cross into northern Iraq to hunt down Kurdish rebels there, but its Western allies and Baghdad urged Ankara to refrain from military action.
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Oil strikes new record $89

Oil prices touched a new peak of $89 a barrel on Wednesday as investors fretted over possible military action by Turkey in northern Iraq and a potential supply crunch this winter.
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Stocks move up on solid earnings reports

Technology stocks rose on Wednesday as investors took heart from solid corporate earnings and shrugged off fresh evidence of a dismal housing sector, which renewed speculation the Fed will cut interest rates.
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BBC in drama of 21st century media

Having angered Queen Elizabeth and the public, Britain's BBC is set to shed staff with sweeping job cuts this week in the biggest crisis to hit the world-renowned broadcaster since a government clash over Iraq.
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Turkey to approve troop move as Iraq urges restraint

Turkey's parliament was poised on Wednesday to grant its army permission to enter northern Iraq to crush Kurdish separatist rebels based there, but Iraqi leaders stepped up a diplomatic offensive to avert any attack.
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Oil eases towards $87 after record run

Oil prices dipped on Wednesday as traders took profits from the previous session's rally to a new record high above $88 a barrel.
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Iraq urges Turkey to seek peaceful solution

Iraq urged Turkey on Tuesday not to launch a major attack on Kurdish separatists in northern Iraq after Prime Minister Tayyip Erdogan said Ankara would strike the rebels when the timing and conditions were right.
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Corporate earnings worry global markets

Poor corporate earnings and renewed worries about credit rattled investors on Tuesday, while record high oil prices threatened to add pressure to world growth.
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Oil sprints towards $88 setting new record high

Oil thundered towards $88 a barrel on Tuesday, hitting a new record and extending a rally that has added eight dollars in as many days on tight supplies, strong demand and tension in northern Iraq.
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Crude soars to new record over $86 a barrel

Oil jumped nearly 3 percent to a record over $86 a barrel on Monday as fresh tensions in the Middle East added to worries of a supply crunch when cold weather stokes up heating demand this winter. Oil prices have more than quadrupled since 2002 but remain below the inflation adjusted peak of around $90 a barrel struck after the Iranian revolution of 1979.
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Economy and bank-fund proposal reassures investors

World stocks hovered slightly off their record highs on Monday and the dollar firmed as investors gained confidence in the health of the U.S. economy and paid little heed to oil prices near $84 a barrel.
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Oil soars to new record above $85

Oil zoomed to a new record high above $85 a barrel on Monday as a robust demand picture amid booming commodity markets and fresh geopolitical worries put tight oil supplies into sharp focus.

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