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The US Department of Labour said 62,000 jobs were lost in June, the sixth straight monthly decline, though the unemployment rate remained steady at 5.5 percent.(contd...)
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Oil prices rose to a record high above $142 a barrel Friday on a weak dollar and supply concerns, prompting many analysts to predict $150 a barrel oil sometime soon.
The Supreme Court on Wednesday reduced a $2.5 billion punitive damages award against energy giant Exxon for its role in an infamous 1989 maritime oil spill off the coast of Alaska.
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Saudi Arabia may raise its oil production beyond a planned 200,000 barrel-a-day increase in July.