Author: Adam Schreck
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Prices shed up to $6 per barrel
NEW YORK – Oil prices fell as much as $6 a barrel Tuesday, hurling crude back to levels not seen since June 26 as traders wary about the health of the global economy cashed in gains from oil’s recent rally.A barrel of light, sweet crude for August delivery fell $6.23 in morning trading on the…
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Rising fuel costs passed on to fliers
NEW YORK – Turns out that new airline checked-bag fee wasn’t the end of it.Airlines ratcheted up the pressure on fliers ahead of the holiday weekend, significantly raising ticket prices to offset the runaway cost of fuel. The three biggest carriers each boosted most domestic fares by up to $60 round trip, while budget airline…