Mild weather forces oil price down
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The price of crude oil falls by more than a dollar in New York, as mild weather in northern US states eases demand for heating oil.
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Oil prices fall by more than $1 a barrel on forecasts that US weather will become milder in March.
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OIL prices were easing back from their recent record highs yesterday as the cost of a barrel dipped below the $46 mark.
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WASHINGTON -- Oil prices were steady yesterday as traders weighed forecasts calling for mild US weather next week against anticipated further cuts by OPEC.
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Oil prices slipped further below &#36;55 a barrel on Tuesday, breathing easier after a Norwegian strike threat receded but still anxious over the thin state of pre-winter heating oil supplies.
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Oil slipped on Monday to around $59 a barrel, pressured by expectations for warmer weather in the United States and supported by threats to supply in Nigeria.
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US oil prices have fallen by 5%, driven down by forecasts of a mild winter in the densely populated northeast. Light crude oil futures fell $2.25 to just below $42 a barrel on the New York Mercantile Exchange (Nymex), and have now lost $4 in five days.
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LONDON : Crude oil prices slipped below 46 dollars a barrel on increasing hopes of adequate heating fuel supply during the northern hemisphere winter.
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Oil prices fell 3.5 percent to a  three-month low on Tuesday as mild winter weather sapped demand  in the U.S. Northeast, the world's largest heating oil market.
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Oil fell on Monday in thin trade as mild weather swept across the key heating regions of the United States, cutting fuel demand.
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Oil prices hovered around flat on  Tuesday as milder weather in the immediate term eased concerns  about thin fuel stocks, but worries about possible supply  disruption in the Middle East and Russia limited selling.
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Oil prices fell more than 3 percent on  Monday as forecasts of a return to mild winter weather in the  United States eased fears that thin heating fuel stockpiles  could prove inadequate.
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U.S. oil prices were slightly softer on Monday after a four-day break, but the threat of a cold winter stretching persistently low global heating oil inventories kept the market within sight of &#36;50 a barrel.
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Oil prices fell about 3 percent ion  Monday, reversing some of last week's sharp gains, on a milder  forecast for the U.S. Northeast.
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Oil fell below $93 per barrel on Monday in thin trade as mild weather swept across the key heating regions of the United States, cutting fuel demand.
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Oil prices dropped nearly 6.5 percent in thin holiday trade on Monday as forecasts of a return to mild winter weather in the US Northeast eased worries about heating oil supplies.
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Oil prices hit a new three-month low on  Wednesday as mild winter weather in the United States and  expectations of a rise in heating fuel stocks kept downward  pressure on the market.