Record-high oil prices and financial sector weigh on U.S. and European stocks
                   
iht.com     May 9, 2008            

Stock markets were lower Friday as oil prices rose above $126 a barrel amid worries about losses at American International Group and a dismal week for European insurers. ... Oil's relentless surge to a fresh high on Friday stoked worries about the economy and put pressure... [read full story]                

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