Oil Holds Near &#36;55 on Winter Fuel Anxiety
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Oil prices held strong on Friday not far below the &#36;55-a-barrel mark as traders worried time is running out to top up low heating oil inventories before winter.
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Oil prices held strong on Friday not far below the $55-a-barrel mark as traders worried time is running out to top up low heating oil inventories before winter.
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Oil prices steadied on Tuesday from  steep recent losses as traders remained wary over lean heating  fuel stocks ahead of the northern winter.
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Oil prices ticked higher on Tuesday,  holding above $42 a barrel as dealers awaited signs of any  renewed cold snap that would revive demand for winter heating  fuels in the United States.
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Oil prices rallied to a record above  $55 a barrel Monday on concerns over a winter fuel supply  crunch, and as traders took comments from a top U.S. official  to mean high prices have yet to really dent American demand.
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U.S. oil prices hovered near &#36;47 a barrel on Wednesday, awaiting data that was expected to show a big drop in fuel stocks in the United States due to weather-related disruptions to output and shipments.
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Oil bounced back above $59 on Tuesday on expectations the coldest weather of the U.S. winter would cut heating oil stocks in the world's top energy consumer.
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Oil prices eased on Friday, but still  within sight of the $55-mark as traders feared time was running  out to top up low heating oil supplies before winter.
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Oil prices edged up toward $48 a  barrel early on Friday as worries that an early or severe  winter could stress low winter fuel stocks helped staunch the  market's $8 tumble from record highs.
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Crude oil futures stayed above US$55 a barrel Wednesday, over fears of a heating oil shortage before an expected cold Northern Hemisphere winter.
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Oil prices simmered near $55 a barrel on  Friday on rising fears of a winter fuel supply crunch and  robust but slowing economic growth in China, the world's number  two user.
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WASHINGTON - Oil prices cruised above $55-a-barrel yesterday as concerns about the global supply of winter fuels persist ahead of the Northern Hemisphere winter.
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Oil prices ticked higher on Tuesday, holding above &#36;42 a barrel as dealers awaited signs of any renewed cold snap that would revive demand for winter heating fuels in the United States.
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Oil prices held near historic highs over &#36;53 a barrel on Tuesday, with global supplies hounded by outages that were thwarting efforts to build U.S. heating oil inventories ahead of the winter.
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Oil prices held firm near $47 a barrel  on Friday, bolstered by a tightening outlook for market  fundamentals and sliding U.S. temperatures.
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Oil held near $97 a barrel on Friday, within sight of its record high, bolstered by a fall in U.S. fuel inventories and mounting tension in Pakistan and northern Iraq.
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Oil prices held firm on Friday after  leaping almost $2 a day earlier as the U.S. government said  crude stocks sank for the sixth straight week and distillate  fuels barely grew ahead of winter.