Hurricane Worries Boost Oil Prices
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Worries that Hurricane Ivan will hurt oil production in the Gulf of Mexico boosted oil prices Tuesday. In mid-morning New York trading, oil for future delivery hit $44.
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World oil prices are on the rise, as Hurricane Ivan threatens to disrupt oil flow in the Gulf of Mexico.
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Oil jumped $1 past $75 a barrel on Tuesday as a top U.S. hurricane forecaster called for a busy end to the Atlantic storm season, raising concerns over potential oil and gas disruptions.
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World oil prices rose on Friday,  boosted by production stoppages due to a severe hurricane in  the Gulf of Mexico and worries that another storm might further  delay imports into the United States.
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NEW YORK : The latest twists and turns from Hurricane Ivan prompted renewed concerns Monday about oil production in the Gulf of Mexico, pushing futures prices sharply higher on global markets.
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World oil prices rose on Thursday as  Hurricane Ivan reached the U.S. Gulf Coast, having shut more  than 1 million barrels of daily output in the Gulf of Mexico  and 13 percent of refining capacity in the United States.
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US oil prices have surged above $48 per barrel as production and shipping disruptions caused by Hurricane Ivan cause domestic supplies to shrink more than expected.
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Crude oil prices rose for a third day in four yesterday amid concern about the loss of production and possible damage from Hurricane Ivan, which passed just east of Gulf of Mexico production platforms.
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Oil prices were hovering close to last weekâs record high today after breaking through the $50 mark again. Production problems in the Gulf of Mexico due to the impact of Hurricane Ivan continued to have
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Reports of damage to several oil facilities and more storms on the way raise crude prices. LONDON  - Crude prices climbed Friday as oil companies surveyed the damage wreaked by Hurricane Ivan after the storm pounded the key oil producing region.
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Crude oil rose for a second day on concern about the loss of production and possible damage from Hurricane Ivan, which passed just east of most Gulf of Mexico production platforms.
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The price of oil jumped to another high on Monday, in part because of dramatic disruptions caused by hurricanes whipping through the Gulf of Mexico.
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Oil prices rose to another record Tuesday as a long supply disruption in the Gulf of Mexico from Hurricane Ivan caused concern about winter heating fuel supplies.
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Oil prices jumped more than a dollar,  climbing above $48 a barrel Wednesday after U.S. data showed  the disruption caused by Hurricane Ivan had eaten into fuel  stocks.
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Hurricane Ivan spared the critical Gulf Coast refining belt, but oil prices rose anyway Thursday on fears a new storm brewing in the Caribbean will delay tankers carrying imported crude to US ports.
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NEW YORK -- The price of oil settled above $50 US a barrel for the first time yesterday amid concerns over tight supplies globally and hurricane-related production problems in the Gulf of Mexico.
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World oil prices rose on Thursday on worries about oil production shut by Hurricane Ivan and a new storm that could delay imports from entering the Gulf of Mexico.