Crude Sets Record, Nigeria Concerns Mount
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By Richard Mably LONDON  - London crude prices hit record highs on Monday as Nigeria emerged as the new focus of worries about supply security on world oil markets.
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Oil prices pushed above $49 a barrel  on Monday, approaching record levels as worries about the  stability of supplies from Iraq, Nigeria and Russia compounded  concerns over low fuel stocks ahead of winter.
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Crude oil prices hovered near an all-time record high of US$49.40 as supply fears in Iraq and other key producers pushed up early trading Monday, while the market took stock of Hurricane Ivan&#39;s impact on oil rigs in the Gulf of Mexico.
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LONDON: World oil prices surged into new record territory above $50 a barrel Tuesday as traders took fright at a multitude of supply threats, including unrest in Nigeria and recent hurricanes.
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Oil prices soared to a new record above $50 yesterday as uncertainties over Nigerian output heightened worries of a severe supply disruption ahead of winter.
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NYMEX crude oil futures struck another record at &#36;48.90 a barrel on Friday before the prompt-month expiry, as surging violence in Iraq sparked fresh concerns over supply disruptions.
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High-flying oil prices could set new records this week if rebels disrupt the flow of crude from Nigeria, and are unlikely to fall far even if tensions there ease given global supply strains, according to analysts.
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Oil prices rose to record highs Monday near $50 a barrel for US crude as Nigeria emerged as the latest focus for worries about supply in an already tight worldwide energy market.
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US oil prices reached a record $50 a barrel on Monday as Nigeria emerged as the latest focus for worries about supply in an already tight worldwide energy market.
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Oil prices raced to new record highs above $50 on Tuesday as rebel threats against Nigerian oil facilities threatened to inflict further strain on global supplies.
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LONDON, England -- Oil prices have surged to historic levels as a threat of civil war in Nigeria adds to concerns over tight global supplies.
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Crude prices have hit record highs as Nigeria emerges as the new focus of worries about supply security on world oil markets. London Brent on the International Petroleum
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Oil prices surged to record highs above  $54 on Tuesday as a fire at Nigerian export pipeline became the  latest threat to consumers' efforts to build winter heating  fuel inventories.
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Oil prices soared to a new record  above $50 on Tuesday as uncertainties over Nigerian output  heightened worries of a severe supply disruption ahead of  winter.
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Oil prices set a new record at $53 a  barrel on Thursday on concerns over tight winter heating fuel  supplies and news of an unexpected strike at Nigerian oil  terminals.
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Crude oil prices jumped above $51 a barrel yesterday, setting a fresh record amid a prolonged production shut-down in the Gulf of Mexico in the wake of Hurricane Ivan.
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By Andrew MItchell LONDON  - Oil prices raced to new record highs above $50 on Tuesday as rebel threats against Nigerian oil facilities threatened to inflict further strain on global supplies.