Update 6: Winter Fuel Supply Worries Continue on Data
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Concerns about winter fuel supplies were heightened Wednesday after a report showed US inventories of distillate, which includes heating oil, shrank for the sixth straight week.
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US demand for natural gas this winter is expected to increase 4.4 percent from last year, and prices should be higher even though inventories will be near record levels at the start of the heating season, a industry trade group said
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Oil prices held firm on Monday, clinging to gains made in the last week as the key heating oil consuming region of the U.S. Northeast braced for a cold snap that could test low winter fuel supplies.
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Oil prices eased on Wednesday ahead of  U.S. stocks data expected to show a rise in heating fuel  supplies as mild winter temperatures suppressed demand in the  United States.
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U.S. residential heating oil prices  declined for the second week in a row as heating fuel  inventories increased more than expected, the Energy Department  said on Wednesday.
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Oil prices held steady on Thursday as data showing stubbornly low US heating fuel supplies ahead of winter stemmed a rout of nearly $10 since late October.
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U.S. retail home heating oil prices increased slightly during the last week and heating fuel supplies should stay tight this winter unless temperatures are warmer than forecast, the government said on Wednesday.
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The U.S. winter will be longer and slightly colder than the last, private forecasters say, spelling a spike in heating oil and natural gas demand even as high oil prices drive up the cost of heating.
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Oil futures extended their declines Tuesday on expectations that the government's weekly fuel inventory report will show crude supplies increased last week.
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SINGAPORE, NOV 19: Oil prices were little changed on Friday as traders waited to see whether the onset of the northern winter will put a squeeze on low heating fuel stocks.
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Oil prices held steady on Thursday as  concern over lean heating fuel supplies in the United States  and Europe ahead of winter stemmed falls of nearly $10 since  late October.
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Crude oil climbed to a two-week high on concern colder winter weather will drain supplies of North American and European heating fuels before inventories rebound.
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Oil prices held near record peaks on  Thursday after a larger-than-expected decline in heating fuels  in the United States heightened fears of a winter supply  crunch.
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U.S. oil prices hovered near $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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The United States has plenty of fuel in  storage for winter heating thanks to near full-throttle  refinery production, but household energy bills are still  likely to be up sharply, the head of the U.S. Energy  Information Administration (EIA) said on Friday.
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SINGAPORE: Oil prices extended losses to fall below $46 Wednesday ahead of weekly US data expected to show fuel stocks rising in time for peak winter demand.
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An above expected chilly winter almost a week away from its official arrival date, with temperature already hovering below freezing; top it with a US government data showing a slight decline in crude and heating oil supplies is a wonderful recipe for