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Market Update Archive: 
Profit taking drives averages lower
May crude oil futures closed down to $53.32 down 79 cents for the day after reaching peak of $58.28 on Monday this week. Trades perception of better gasoline inventory levels and higher supply pledge appears to have pushed the crude prices down for now.
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Stocks Move Higher on Oil Retreat
Stocks moved higher Friday morning as oil prices dropped for a fifth straight day.
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Markets Rise on Easing Oil Prices
Indexes across Europe and Asia rose after the U.S. rally overnight and a drop in crude oil prices. Fed chief is expected to speak on consumer finance later in the day.
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