Oil dips below $40 over world economic concerns (AP)

December 30, 2008 by Yahoo! News: Business - Energy & Oil Industry
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AP - Resurfacing concerns over the world economy sent crude prices lower Tuesday, eclipsing fears that the conflict between Israel and Hamas could inflame tensions in the oil-rich Middle East.

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Oil falls below $39 on grim economic outlook (Reuters)

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Reuters - Oil fell below $39 a barrel on Tuesday, pressured by gloom over the outlook for the world economy, which outweighed tension in the Middle East due to the Israeli-Hamas conflict.

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Gazprom threatens to cut gas to Ukraine over debt (AP)

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AP - Russia’s natural gas company Gazprom will stop energy shipments to Ukraine and sharply raise the price for future deliveries if it doesn’t pay a $2 billion debt by New Year’s Eve, the company’s chief executive warned Tuesday.

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German inflation down to 1.1 percent in December (AP)

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AP - Germany’s annual inflation rate sank to 1.1 percent in December as oil prices continued to slide, according to preliminary data released Tuesday.

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World markets gain, led by higher energy stocks (AP)

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AP - Most world stock markets gained in light holiday trading on Tuesday as Middle East tensions boosted energy stocks.

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E-40’s Manager Releases Statement About Shooting

December 30, 2008 by HipHopDX.com >
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E-40’s manager releases a statement denying his client’s involvement in a recent shooting.

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Libya orders further oil cuts of 20K bpd (AP)

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AP - Libya’s oil chief says his country will cut production ? starting in January ? by almost 20,000 barrels per day more than Libya’s OPEC quota.

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Oil prices slip, but hold above 40 dollars in London (AFP)

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AFP - Oil prices fell slightly Tuesday on profit-taking after hefty gains a day earlier as the Israeli-Hamas conflict in Gaza stoked tensions in the key oil-producing Middle East.

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Iraq to offer 10 fields in 2nd oil licensing round (AP)

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AP - Iraq will offer 10 undeveloped or underdeveloped gas and oil fields in its second postwar licensing round due to begin Wednesday, the country’s oil minister said.

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Oil prices above 40 dollars, buoyed by Gaza violence (AFP)

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AFP - Oil prices remained above 40 dollars a barrel in Asian trade Tuesday as Israel entered the fourth day of its military campaign against Hamas in the Gaza Strip.

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Rogues Slideshow: A Gallery of Financial Crime

December 30, 2008 by CNBC Top News and Analysis
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How the Meltdown Wrecked One Family’s Mortgage

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Private Equity Firms Are Near Deal to Buy IndyMac

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Predictions ‘09: Picking Winners In a Tough Market

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While the overall market is unlikely to stage a major turnaround any time soon, experts agree there are a handful of investments that are heating up and could help you recoup some gains.

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