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Major oil pipeline leaks more than 7,000 gallons of crude oil into Ohio nature preserve

By Edward McAllister (Reuters) – A major oil pipeline owned by Sunoco Logistics Partners LP leaked thousands of gallons of crude oil into a nature preserve in southwest Ohio late on Monday. Between 7,000 and 10,000 gallons (26,000-38,000 liters) of sweet crude leaked into the Oak Glen Nature Preserve about…

Oil prices diverge before US payrolls data

World oil prices diverged on Friday amid caution before key payrolls data in top crude consumer the United States, and as Greece reached a debt deal with private creditors to avert bankruptcy. New York’s main contract, West Texas Intermediate (WTI) or light sweet crude for delivery in April, added 34…

Crude oil prices stable after brief rally

World oil prices steadied on Monday after a brief rally, as traders took their cue from the eurozone debt drama, analysts said. New York’s main contract, light sweet crude for delivery in November, added 34 cents to $87.14 a barrel. Brent North Sea crude for delivery in December climbed as high as $113.86 a barrel,…

Crude oil prices slip on Greek default fears

World oil prices slid on Monday, as tumbling global equities and fresh fears of a Greek default sparked concern over the energy demand outlook, with the market also hit by the strong dollar. New York’s main contract, West Texas Intermediate (WTI) for delivery in November, dipped 47 cents to $78.73 a barrel. Brent North…

World stocks post worst quarter in 3 years

NEW YORK (Reuters) – Global stocks closed their worst quarter in nearly three years on Friday on nagging concerns about the world economy and the lack of a credible solution to Europe’s debt crisis. The euro and most commodity prices also fell as investors’ search for safety drove up U.S.…

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