Crude Oil Prices Surpass $43 a Barrel
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Oil prices surged nearly $2 a barrel Wednesday following two bombings in the capital of Saudi Arabia and after the US government reported that winter fuel supplies shrank last week.
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The price of a barrel of crude oil passed the record 50-dollar level on Monday, with various factors - such as the violent situation in Iraq and hurricanes in the Gulf of Mexico â-etting the blame for the hike.
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Crude oil prices surged above the US$55-per-barrel mark on Monday on concerns that tight global supply would lead to a further drop in US inventories of heating oil ahead of the winter season.
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Oil prices rose to record highs on  Monday, pushing crude in London above $50 for the first time  and extending a relentless rise that has added around 65  percent to the cost of crude this year.
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NEW YORK -- Crude oil futures prices ended above $50 a barrel for the first time on the New York Mercantile Exchange. In New York, crude for November delivery rose 48 cents and closed at a record $50.
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Supplies hit $50 a barrel for the first time as global demand rises and supplies are increasingly threatened. By Brad Foss. Crude oil surpassed $50 a barrel for the first time and analysts said Tuesday that
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Crude oil prices surged past the $50 per barrel milestone in overnight trading in response to the triple threat of turmoil in the oil-rich countries of Nigeria and Iraq and a decline in production in the hurricane-battered Gulf of Mexico.
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The benchmark US crude was down 96 cents, or 2%, to $43.03 a barrel, as traders felt confident about supply-and-demand dynamics. Prices are now down about 13% from their intraday record high of almost $50 a barrel on Sept.
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Oil prices have surged to two-week highs following news that supplies in the US are tightening. In New York on Thursday, the cost of a barrel of oil rose almost $2 to $44.
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Crude oil futures prices rose above $43 a barrel Monday after an attack at the US consulate in Saudi Arabia and amid growing concerns that OPEC may try to firm-up oil prices after last week&#39;s sharp sell-off.
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U.S. oil prices climbed above $43 on  Monday as energy companies operating in the Gulf of Mexico  braced for possible widespread output disruptions from a  powerful hurricane and Iraq saw some of the bloodiest violence  in weeks.
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Oil prices pushed above $49 a barrel  on Monday, approaching record levels as worries about the  stability of supplies from Iraq, Nigeria and Russia compounded  concerns over low fuel stocks ahead of winter.
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Crude oil prices pushed above $49 a barrel on Monday, reflecting concerns about supply in key producers and Hurricane Ivan&#39;s impact on oil rigs in the Gulf of Mexico.
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Oil prices surpassed $100 a barrel for the first time after a U.S. government report showed a steep slide in crude inventories.
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Crude oil prices surged past an unprecedented US$55 per barrel yesterday as uncertainty swirls over production, high demand and tight global supplies ahead of the Northern Hemisphere winter.
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TORONTO - Oil prices broke through another new record, passing the $54-per-barrel mark on Tuesday. On the New York Mercantile Exchange, the price for the November contract for light sweet crude stood at $54.
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The price of crude oil surged past $55 a barrel Monday as uncertainty swirled over production, high demand and tight global supplies.