US Oil Prices Soar Above Record $50
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US oil prices neared $51 per barrel Tuesday, steered by speculative buyers wary of US production after Hurricane Ivan and conflicts in other oil-producing nations.
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Oil prices vaulted back above $50 a  barrel on Tuesday as traders took out insurance ahead of weekly  U.S. data on Wednesday that is expected to show only a modest  increase in winter heating oil inventories.
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Oil&#39;s record-breaking rally lifted US crude beyond $52 a barrel on Wednesday, fueled by the impact of Hurricane Ivan on US winter inventories.
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World oil prices ruptured fresh records on Tuesday, as US light crude punched through the $50 a barrel mark. US light crude leapt to $50.
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PARIS The price of oil, which has been inexorably rising for the past two years, finally broke through the $50-a-barrel mark Tuesday, reaching a new milestone as some analysts warned that there was nothing to stop prices from rising even further.
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Crude oil futures contracts topped the psychological milestone of $50 per barrel for the first time Tuesday, surging to new record levels that could unsettle oil importing nations.
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World oil prices rose to a new record high above 55 US dollars a barrel Friday, stirring fears of 60-dollar-a-barrel New York crude, as concerns about the global supply of heating
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Crude oil futures hit $US50 in electronic after-hours trade in New York, setting a new record as supply worries intensified. In regular trading the November benchmark contract for light sweet crude on the
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Oil prices surged closer to $50 a barrel after hitting yet another record high in the US yesterday, as confusion reigned over the fate of Najaf, sparking fresh fears about Iraq&#39;s oil supplies.
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OIL prices extended record-setting highs near $52 for US crude yesterday, fuelled by the impact of Hurricane Ivan on US winter inventories.
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WASHINGTON - Crude oil prices soaring to nearly $50 a barrel have heightened concerns that sustained high energy costs could drag the slowing US and world economies into a more serious downturn.
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U.S. crude oil futures hit a new  record on Tuesday at $50.01 a barrel as worries about the  stability of supplies from Iraq, Nigeria and Russia compounded  concerns over low fuel stocks ahead of peak winter demand.
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WASHINGTON -- Oil prices shot up above $48 US per barrel yesterday after the US government reported that supplies shrank more than expected following production and shipping disruptions caused by hurricane Ivan.
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LONDON: Oil&#39;s record-breaking rally has taken US crude over $US52 a barrel, fuelled by the impact of Hurricane Ivan on US winter inventories.
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NEW YORK - Oil prices jumped to record highs above US$54 on Tuesday as supply hitches hindered efforts to build northern hemisphere winter heating fuel inventories.
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Oil surged nearly 5 percent on Tuesday to hit a record over $100 a barrel on expectations OPEC will not hike output to ease high prices next month despite the economic woes of top consumer the United States.
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Crude oil prices rose to a record for a third day, reaching $52.62 a barrel in New York, on concern US supplies may be insufficient to meet demand this winter.