Crude decline in wake of build up of US stocks
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Rarely has the oil price fallen so far so fast. Crude futures have dropped more than 15 per cent in only four sessions sending prices to three month lows.
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CRUDE oil futures fell yesterday after the American government reported a slight increase in the US inventory of crude. The supply of distillate fuel, which includes heating oil, also increased, following
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Crude futures plummeted yesterday after the US government reported surprising increases in the nation&#39;s supply of oil and distillate fuel, which includes heating oil and diesel.
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Crude oil prices fell Monday as the US supply of oil grew and some institutional investors shiftedtheir capital from commodities to equities.
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Oil futures prices fell sharply Monday, sinking below $50 a barrel on a continuation of last week&#39;s selloff, which was prompted by rising inventories of crude in the United States.
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Crude futures prices fell yesterday, briefly sinking below $49 US a barrel, as the US supply of oil grows and traders said institutional investors shifted their capital from commodities to equities.
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New York crude oil futures fell, extending last week&#39;s 5.1 percent decline, on expectations warmer- than-normal weather in the US will reduce demand on the country&#39;s fuel stockpiles.
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Oil prices fell heavily from near record  peaks on Wednesday after a sharp build in U.S. crude stocks  spurred traders to take profits from a fierce rally.
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Crude oil fell almost $2 a barrel, the biggest decline in two weeks, after the US Energy Department reported an unexpected rise in inventories.
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A SHARP drop in oil prices helped US stocks post modest gains on Wall Street overnight. Investors who had sold stocks as oil prices climbed reversed course and started buying as the cost of crude declined.
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Oil prices fall 7.4% on US data showing a larger-than expected increase in crude supplies - sparking Wall Street to a nine month high.
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US stocks fell in the broadest decline in more than two months as the price of oil climbed to $53 a barrel, raising concern fuel costs will hamper profit growth.
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Oil prices fell below $48 US a barrel Wednesday after the US government reported increases in the US supply of crude oil and distillate fuel, which includes heating oil.
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Oil prices fell from near record peaks  on Wednesday after a sharp build in U.S. crude stocks spurred  traders to take profits.
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Crude oil prices fell Tuesday astraders widely anticipated a continuing increase in US inventories of crude oil. On the New York Mercantile Exchange, crude oil futures for
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: Crude futures fell again today, extending a decline over the past two weeks on the belief that rising US oil supplies will meet demand for the Northern Hemisphere winter.
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Oil prices fell sharply from near record peaks on Wednesday after a larger-than-expected build in US crude stocks spurred traders to take profits from a fierce rally.