Oil and Gas

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Oil prices retreated on Thursday one day after news of falling US energy inventories had sent them spiking above 80 dollars.(AFP/Getty Images/File/David McNew) Enlarge Photo AFP/Getty Images/File Slideshow:Oil Industry

Oil rises above $78 amid Iranian war games

AP - Mon Nov 23, 6:50 am ET

AP - Oil prices rose above $78 a barrel Monday as Iran's war games, aimed at protecting its nuclear plants, deepened tensions in the oil-rich region.