Oil Price Surge Adds to Economic Jitters
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Crude oil futures shot past $90 a barrel, adding to concerns as the latest indicators on new home sales and manufactured goods continued to point to a weakening U.S. economy.
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Oil prices briefly climbed back over $50  on Tuesday, pushed higher by supply outages in the North Sea  and fears about low stocks of winter heating fuels.
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Energy experts warn that the jump in the price of crude would raise prices for heating oil and gasoline in coming weeks.
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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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Governments around the region are warning that rising oil prices have started to hurt their economies.
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Oil prices soared Friday as worries about heating fuel supplies and technical trading factors pushed prices sharply higher.
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Oil prices surged to a new high above $47 a barrel on Wednesday on evidence that energy costs are not substantially slowing the economic growth that fuels oil demand.
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World oil prices surged nearly $2 on  Friday on worries the stormy season in the Gulf of Mexico would  continue to hamper energy production and imports, delaying  vital stock building ahead of the coming winter months.
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The price of crude oil reaches new record levels amid concerns about possible unrest in Venezuela and the threat of sabotage in Iraq.
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Record prices boost the cost of heating oil, unnerve the stock markets, and clip GDP growth.
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World oil prices surged a dollar on  Friday on worries that the ongoing storm season in the U.S.  Gulf would continue to hamper energy production and imports,  delaying vital pre-winter stock building.
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Oil prices leaped more than a dollar on  Friday on renewed concern over tight supplies of distillate  fuels in Europe and the United States ahead of the northern  hemisphere winter.
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Oil prices surged to record highs above  &#36;78 on Friday as global geopolitical storm clouds gathered,  with supply disruption in OPEC exporter Nigeria and tensions  across the Middle East driving crude into unchartered  territory.
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Oil futures prices surged to new heights above $55-abarrel on Friday as concerns about the global supply of heating oil persist ahead of winter in the Northern Hemisphere.
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Oil prices surged more than 2 percent  on Wednesday amid worries a possible OPEC output cut this  spring could quickly sap swelling U.S. crude and gasoline  stockpiles.
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The price of oil is on the rise as fears grow that Hurricane Ivan could disrupt oil supplies from the Gulf of Mexico.
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NEW YORK -- Oil prices have moved to fresh record highs of almost $47 a barrel on concerns about potential supply disruptions in Russia and Iraq.