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Speculators Bet on Kerry Win, Oil Falls
Oil prices fell sharply on Monday on speculation that a U.S. election win for Senator John Kerry could ease the geopolitical friction that has helped fuel this year’s record-breaking rally.
October 31, 2004
Oil Near $49 as Iraq Violence Escalates
Global oil prices raced to fresh highs on Friday carrying U.S. crude close to $49 a barrel, driven by escalating violence in Iraq and unabated demand growth from China and India.
August 19, 2004