Crude oil futures rise for third straight day
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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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Crude oil prices were up $1.72 at $45.90 per barrel in afternoon trading on the New York Mercantile Exchange. Heating oil futures rose by 7.08 cents on Friday to $1.452 per gallon.
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Crude oil futures rose Friday as markets remained wary about a possible strike by oil workers in Nigeria and potentially low heating oil supplies at the beginning of the Northern Hemisphere winter.
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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 prices rose on Tuesday following  Monday's fall of nearly $3 in the face of rising U.S.  stockpiles and expected warmer winter weather.
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Crude oil futures continued to climb Friday, reaching a record high as decline in the US inventory of heating oil and tight supplies still overshadowed the energy markets.
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Crude oil prices rose to a record for a third day, reaching $52.62 a barrel in New York, on concern US supplies may be insufficient to meet demand this winter.
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Oil prices climbed for the third  straight day on Wednesday as U.S. government reported a fall in  heating oil stocks and cold weather gripped the U.S. Northeast,  the world's biggest heating fuel market.
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Crude oil futures rose to within a quarter of $50 a barrel Monday after a gas leak shut down a North Sea oil production platform and as traders weighed concerns about heating oil supplies against the fact that temperatures have been mild in recent weeks.
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Crude oil futures moved above $47 US a barrel on Tuesday, reflecting concern about tight distillate supplies despite expectations that a winter supply crisis will be averted.
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Oil prices edged higher on Tuesday  following Monday's fall of nearly $3 made on rising U.S.  stockpiles and warmer-than-expected winter weather.
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Crude stays above $45, $8 higher than at end of June, but analysts doubt prices will near $50 again. LONDON  - Oil prices rose modestly Wednesday as traders took stock after a three-day losing streak from record highs near $50 a barrel.
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LONDON -- Crude oil prices rose yesterday amid thin volumes as the market looked for new direction.
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SINGAPORE -- Crude oil futures rose to a record for a third day Monday, surpassing $55 in New York on speculation US demand for heating oil will deplete inventories this winter.
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Crude oil futures fell for a third day as Iraq raised exports for the first time in two weeks, easing concern about supply shortages.
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Singapore - Crude oil prices rose for the third straight day Friday, inching close to $55 a barrel as heating oil futures hit another record high over supply concerns ahead of the Northern Hemisphere winter.
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Crude oil futures were little changed after plunging more than 3 percent yesterday when the US Energy Department reported an unexpected rise in inventories.