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The FARC guerrillas dynamited five stretches of the Transandino oil pipeline running through southern Colombia, causing a fire that has not been brought under control because troops have not been able to enter the zone, authorities said Thursday.

Brazil wants to join the Organization of Petroleum Exporting Countries and work towards lower crude oil prices, Brazilian President Luiz Inacio Lula da Silva tells Spiegel magazine in an advance copy of this weekend's edition.

Nymex crude oil surged past the $125 a barrel milestone in London trade Friday, as crude futures extended their record-breaking run.

Libya is reassessing some of its oil deals with Eni as tensions mount between the two nations following the new Italian government's high-level appointment of a right-wing politician who has angered the North African country in recent years.

Illinois' total home sales fell 27 percent during the first quarter of 2008 as sales were constrained by the ongoing credit crunch and a softening economy, the Illinois Association of Realtors reported Friday.

U.S. Sen. John McCain, R-Ariz. (the presumptive Republican presidential nominee), is facing questions about his ties to Arizona real estate developers and home builders.

The Home Builders Association of Metro Orlando kicked off its latest committee for commercial builders by naming its inaugural chairman, the organization announced Wednesday.