Oil Prices Continue to Rise
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After topping off at $92.22 a barrel before the opening bell on bullish trading in the Asian and European markets, oil was at $91.28 in midday trading on the New York Mercantile Exchange.
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World oil prices rose on Thursday as OPEC ministers gathering in Cairo raised the prospect of cutting output. New York&#39;s main contract, light sweet crude for delivery in January, climbed 59 cents to 42.53 dollars a barrel.
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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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Oil prices edged upward Wednesday in anticipation of a report showing declines in U.S. crude and gasoline supplies.
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Oil prices rose for a third day on   Tuesday, climbing back above $64 after a fresh delay to BP's   giant Thunder Horse oilfield in the Gulf of Mexico underscored   the difficulty in meeting future demand growth.
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Oil prices hit record highs again Wednesday, amid continuing concerns about the supply of crude oil. In New York, crude oil for future delivery hit an all-time high of $51.
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Oil prices continue to climb, with a record of $48.98 reported overnight for US light crude. While prices have fallen back to $48.56 a barrel, with Brent crude oil at $44.43, crude seems destined to climb to $50 a barrel for the first time.
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LOS ANGELES -- Gasoline prices have climbed nearly 8 cents a gallon in the past two weeks because of record-high crude oil prices, and they are likely to continue rising, an industry analyst said yesterday.
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U.S. crude prices rose to another new  record on Thursday, rising 25 cents to $47.52 a barrel on  evidence that high prices are not hurting world oil demand  growth.
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NEW YORK - Oil prices climbed close to $51 per barrel and kept stocks mixed Tuesday as investors worried that rising energy costs would dampen a widely expected fourth quarter rally.    Wall Street was uneasy but not panicky as a barrel of light crude was quoted at a record high $50.80, up 89 cents, on the New York Mercantile Exchange...
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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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Oil prices climbed $2 higher on Friday  on renewed concern over tight supplies of distillate fuels in  all main consuming centers ahead of the Northern Hemisphere  winter.
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Global oil prices edge up in early Thursday trading ahead of a key meeting by oil producers group Opec.
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LONDON - Oil prices rose for the second day in a row on Thursday as several Opec ministers called for the cartel to stop producing more oil than its official target to prevent a glut next year.
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Oil prices rise for the fifth day in a row amid continuing worries over the level of US stocks.
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London - Oil prices climbed on Thursday, reversing some of the losses seen late the previous day as disruption to production in the Gulf of Mexico continued due to Hurricane Ivan.
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Oil prices surged above $55-a-barrel on Friday as concerns about the global supply of winter fuels persist ahead of the Northern Hemisphere winter.