Oil price on the rise
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GLOBAL oil prices continued to climb yesterday, recovering from a prolonged fall earlier in the day, as the US hinted that it might lend oil from its Strategic Petroleum Reserve to offset a short-term disruption to imports.
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Crude oil futures rose yesterday for the first time in a week, climbing above $43 a barrel after an attack at the US consulate in Saudi Arabia and amid growing concerns that OPEC may try to firm-up oil prices after last week's sharp sell-off.
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Oil prices climbed above $47 a barrel today, after figures showed supplies in the U.S. were down for a third consecutive week.
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Oil rose more than $1 to over $61 a barrel on Thursday after U.S. government data showed a sharp fall in fuel supplies last week.
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Average diesel prices rise to a record high above Â£1 a litre as the price of crude oil continues its ascent.
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NEW YORK -- Crude oil prices have resumed their climb after word that the nation&#39;s crude supply grew for the second week in a row.
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Oil extended gains above $71 on Friday,   buoyed by healthy U.S. economic growth that suggest recent   record-high prices may not hit robust demand for oil.
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Crude oil prices surged to a new high Monday on supply concerns ahead of the coming winter, a possible petroleum-industry strike in Norway and data showing that China&#39;s big demand for oil is likely to increase.
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PARIS The price of oil, which has been inexorably rising for the past two years, finally broke through the $50-a-barrel mark Tuesday, reaching a new milestone as some analysts warned that there was nothing to stop prices from rising even further.
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Oil prices surged to a new high of $47 a barrel on Wednesday on evidence from major economies that energy costs are not substantially slowing the economic growth that fuels oil demand.
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Oil prices edged upward Wednesday in anticipation of a report showing declines in U.S. crude and gasoline supplies.
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Oil prices climbed nearly a dollar on Monday, moving above &#36;46 a barrel on escalating sabotage at Iraqi oil facilities and the risk that a U.S. cold spell would strain thin winter fuel supplies.
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Oil futures prices bolted 5 percent higher yesterday, climbing above $44 a barrel after US government data showed a slight decline in crude and heating oil supplies
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Oil prices push above $70 a barrel amid fears over US-Iran tensions and low US fuel stockpiles.
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Oil prices are pushing past the psychological barrier of $50 a barrel Tuesday. Prices are rising in part because of the slow recovery of production in the Gulf of Mexico following Hurricane Ivan.
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As oil prices ease a bit this morning and investors wait for the latest economic data, stock prices are on the rise. The Dow Jones Industrial Average is up 28 points in today&#39;s early going.
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Oil prices rose toward $61 a barrel yesterday on concerns about winter weather, a December OPEC meeting, and violence in Iraq.