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Old 05-09-2008, 07:07 PM  
seeric
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"Meanwhile, rising crude oil prices remained a source of worry for investors, as they had much of the week and in recent months. Oil futures rose above $126 a barrel for the first time, further stoking Wall Street's concerns about inflation that could curtail consumer spending. Light, sweet crude rose as high as $126.20 on the New York Mercantile Exchange before settling at a record $125.96. For the week, oil jumped nearly $10."

Source

http://biz.yahoo.com/ap/080509/wall_street.html

Stocks decline as AIG reveals need for cash, oil surges
Friday May 9, 5:48 pm ET
By Tim Paradis, AP Business Writer

I think CNN got it wrong.
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