| Mexico Cruise | 29-Oct-2007 |
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Oct. 29 (Bloomberg) -- Crude oil rose to a record $93.80 a barrel in New York after Mexico shut a fifth of its production and the dollar fell to a record low. Oil leapt to a record high for a third day on Monday, surpassing $93 as Mexico briefly halted one-fifth of its production and the dollar struck new lows. Oct. 30 (Bloomberg) -- Crude oil traded little changed near a record above $93.50 a barrel in New York after Mexico shut a fifth of its production and the dollar fell to an all-time low. Stormy weather in the Gulf of Mexico forced Pemex to reduce crude production by 600,000 barrels by Monday and suspend efforts to fix a damaged valve line still spewing oil and natural gas almost a week after a platform-rig collision that killed at least 21 workers. U.S. oil prices topped $93 a barrel Monday after Mexico's state oil company shut one-fifth of its oil production amid fears Turkey would invade Iraq. MEXICO CITY, Mexico (AP) -- Perhaps better known for impossible traffic, kidnappings and some of the world's worst air, Mexico's sprawling capital of 20 million seems like the last place you would go for natural splendor and pristine wilderness. Oct. 29 (Bloomberg) -- Mexico shut down about one-fifth of its daily crude-oil production, or 600,000 barrels, because of stormy weather in the Gulf of Mexico after rough seas killed more than 20 offshore workers last week. Oil leapt to a record high for a third day on Monday, surpassing $93 as Mexico briefly halted one-fifth of its production and the U.S. dollar struck new lows.
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