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Oil prices slip on US growth worries
Oil prices retreated on Friday after a plunge in US retail sales triggered fears about the pace of economic recovery in the world's largest energy-consuming nation
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US Dollar even as euro rally stalls
The US dollar limited recent losses against the euro on Friday, pausing a three-day rise for the single currency. The euro traded at $US1.2112 by 2300 GMT (0900 AEST) in New York trade, the same level as a day before.
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$80 oil price 'is good for investment'
A price range for oil of $70-80 per barrel was acceptable and good for maintaining investments, he said on the sidelines of a conference in Beijing yesterday, adding that oil prices were reacting to other factors such as euro zone financial troub
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Oil ends down after U.S., China data disappoint
U.S. oil prices fell more than 2 percent on Friday as an unexpected fall in May retail sales in the United States and easing industrial output in China revived concerns about the economy and oil demand.
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Australian dollar back above US85c
US retail sales data for May showed a 1.2 per cent decline. Economists had predicted a 0.2 per cent increase. The drop was the biggest -- and the first -- since September 2009, when sales fell 2.2 per cent.
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Oil Spill: Gas Prices and Supply vs Demand
We all know that oil is a non-renewable resource, but as we watch hundreds of thousands of gallons of oil being spilled into the gulf, it begs the question: how is it not affecting our gas prices?

