New York - U.S. stocks fell on Monday as a surge in oil prices to a record over $120 a barrel. In the stock market the higher oil prices, on weakness in the dollar and supply concerns from OPEC members Nigeria and Iran, overshadowed a report that showed the service sector defied expectations to post its first monthly gain this year.
[there is no faster way to scuttle an economy than energy prices]
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Tuesday, May 6, 2008
U.S. stocks fall as oil surges to $120 a barrel
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