Tuesday, October 30, 2007

(AP) Oil prices hit a new trading high above $93 a barrel Monday before falling back, propelled by news that Mexico's ... (WIBW-TV Topeka)

The news that Petroleos Mexicanos, or Pemex, was to stop as much as 600,000 barrels of daily crude production came amid political tensions in the Mideast, a weak U.S. dollar and a tight supply outlook that had already pushed crude oil to record prices.

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[Source: Yahoo! News Search Results for political news]

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