Crude Oil Rises on Concern US Fuel Stockpiles Are Too Low
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Crude oil futures rose, ending a 13 percent slump in the past three days, on speculation US refiners may fail to process enough heating fuel to meet demand as winter starts.
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LONDON  - Oil prices see-sawed, failing to sustain a brief rally on news of a surprise fall in US distillate stockpiles, including heating fuel, and an unexpectedly small increase in crude inventories.
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US commercial crude oil inventories increased 800,000 barrels to 292.3 million in the week ending Nov. 12, the Energy Department reported Wednesday.
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Supplies of crude oil continue to swell in the United States, but don't expect that to translate into lower gas prices any time soon, one expert says.
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Oil prices ended higher on Friday,  shrugging off a U.S. government move to lend out some strategic  crude stocks as traders said the amounts were too small to  alleviate supply shortage worries.
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Oil prices climbed toward &#36;47 a barrel on Thursday after bullish fuel stocks data in the United States and a series of production hitches across the globe rekindled worries of a major supply disruption.
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Crude prices rose for the first time in four days. Traders feel that the gains in US crude oil inventories and forecasts of rising temperatures do not justify the previous session&#39;s 6.5% fall.
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WASHINGTON -- Oil prices fell sharply yesterday after the US government reported US inventories of crude rose 3.4 million barrels last week, surprising many traders and analysts who had expected to see supplies shrink due to lingering output problems in
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Crude oil prices on Thursday extended the US inventories-inspired declines from the previous session, as imports to the worldâs largest consumer helped stockpiles higher than most had expected.
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NEW YORK -- Crude oil futures briefly climbed back over $50 a barrel yesterday, with worries over the security of Nigerian supplies supporting prices despite a surprise increase in US crude inventories.
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NEW YORK, December 15  - Oil futures prices rose this morning after the US Energy Department reported a marginal decline in the countryâs supplies of crude and heating oil.
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WASHINGTON -- Crude oil futures surged more than $1 US a barrel yesterday after the US government reported that America&#39;s supply of distillate fuel, which includes heating oil, shrank for the eighth consecutive week.
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LONDON -- Crude oil prices rose yesterday amid thin volumes as the market looked for new direction.
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Crude oil rose slightly on Friday to $47.57 per barrel compared to yesterday fall on expectations for inventories to be lifted. December crude oil was at $47.
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Crude oil futures were little changed after rising yesterday as a decline in US heating oil supplies raised concern about shortages this winter, which is expected to be colder than normal.
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NEW YORK -- Oil prices rose above $70 a barrel yesterday, as persistently high fuel demand and concerns about possible supply disruptions in the Middle East and Nigeria offset news of increasing US inventories.
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U.S. crude oil prices rose a dollar Friday on concerns over low gasoline supplies heading into the travel-heavy Memorial holiday weekend.