Crude Oil May Rise as Heating Fuel Demand Grows, Survey Shows
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Crude oil futures may rise next week as temperatures plunge in the US and Europe, boosting demand for heating oil, and refiners stock up before OPEC&#39;s planned production cut, a Bloomberg survey of traders and analysts shows.
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LONDON, Oct 26  - Oil prices rose slightly on Tuesday as markets turned their attention to upcoming estimates of US crude inventories amid worries that heating stocks are low ahead of the northern hemisphere winter, traders said.
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Oil rose on Thursday as forecasts for  colder weather in the giant U.S. Northeast heating oil market  overcame worries over the economic health of the world's top  consumer.
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Oil rose near $61 on Tuesday, adding to sharp gains the previous session, on expectations that a cold spell in the U.S. Northeast this weekend would boost demand in the world's biggest heating oil market.
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NEW YORK -- Oil futures rose to a new record of $100.09 a barrel Thursday after the government reported a larger-than-expected decline in crude oil inventories and an unexpected rise in heating oil supplies.
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Crude oil rose for a second day on forecasts that colder-than-normal weather will boost demand in the eastern US, where most of the nation&#39;s heating oil is used.
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Crude oil futures rose above $42 a barrel Wednesday after government data showed an increase in US fuel supplies. Traders were also focused on an upcoming OPEC meeting at which the group could
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Oil prices rose on Wednesday as a U.S. government report showed heating fuel stocks in the world's largest energy consumer remained tight ahead of the winter, despite a small build in distillate supplies.
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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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Crude oil futures rose above $42 a barrel Wednesday after government data showed an increase in US fuel supplies. Traders were also focused on an upcoming OPEC meeting at which the group could trim output in response to falling prices.
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The average price of a gallon of gasoline in the United States rose slightly over the past three weeks and could push higher because much of a rise in crude oil has not been passed on to consumers, an industry analyst said on Sunday.
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Crude oil futures rose for a second day amid speculation demand for heating oil may gain in the US after weather forecasters said unseasonably warm weather predicted this week will end in early January.
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Oil prices rose on Friday as tight  supplies of distillate fuel, including heating oil, ahead of  the northern hemisphere winter spurred buying.
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Crude oil futures rose above 55 dollars a barrel Friday as concerns about the global supply of heating oil persisted ahead of winter in the Northern Hemisphere.
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Crude oil rose, extending a 4.7 percent gain in London yesterday, the biggest in seven weeks, amid concern that a larger-than-expected decline in US inventories last week reduced supplies available for production of heating fuels.
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Crude oil futures remained high Thursday as traders concerned that US heating oil supplies might be insufficient to meet winter demand.
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Oil futures prices rose more than $1 a barrel in a volatile trading session yesterday after a government report showed a sharp rise in US crude supplies and tightening inventories of heating oil.