US crude supplies plummet: EIA
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U.S. crude inventories dropped to an eight-month low last week and stocks of gasoline slumped to their lowest level in two years, a weekly government report said Wednesday.
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Crude oil futures fell after a US Energy Department report showed rising imports boosted inventories by three times the amount analysts forecast.
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Crude oil futures fell, extending last week&#39;s 4 percent decline, on speculation rising US oil supplies will be sufficient to meet winter fuel demand.
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Crude oil futures continued to plummet today on the belief that fuel supplies in the United States will be adequate to deal with its coming winter.
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Crude futures plummeted below $44 a barrel Wednesday after the US government reported surprising increases in the nation&#39;s supply of oil and distillate fuel, which includes heating oil and diesel.
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Crude oil futures prices plummeted today, falling by nearly $3 a barrel, as traders shelved concerns about tight winter-fuel supplies.
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Oil futures prices sank to their lowest level in nearly a month yesterday on a continuation of the sell-off sparked last week by rising US supplies of crude
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Oil futures prices fell Wednesday after an American government report showed US supplies of crude rising sharply, allowing traders to shrug off the fact that inventories of heating oil are still tight.
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Oil prices continued falling on Thursday after an unexpectedly large rise in U.S. crude inventories spurred profit-taking from record highs.
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Crude oil in New York fell from a one-month high after the White House said the US may loan oil to refineries from the Strategic Petroleum Reserve to make up for supply disruptions caused by Hurricane Ivan.
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Crude oil futures fell in London on Friday, ending the week 7.5 percent lower after a recent report showed an unexpected gain in US inventories of distillate fuels such as heating oil.
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Oil prices plunged more than $3 a barrel Wednesday - the largest single-day decline in more than three years - after the US government reported large increases in the nation&#39;s fuel supply, easing fears of a supply crunch as winter approaches.
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Crude oil fell to a six-week low on expectations that an Energy Department report tomorrow will show that US oil and petroleum-product inventories rose.
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Crude oil futures slid Thursday to their lowest levels in more than two weeks as concerns over supplies ahead of the Northern Hemisphere winter eased because of a rise in US inventories.
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Crude oil prices plunged below US$44 a barrel in New York today, after government data showed US petroleum stocks rose across the board last week.
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Crude oil futures prices dropped below $51 a barrel yesterday as supply concerns ahead of the Northern Hemisphere winter eased after an unexpectedly high rise in US inventories.
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WASHINGTON -- Oil prices fell sharply yesterday after the US government reported US inventories of crude rose 3.4 million barrels last week, surprising many traders and analysts who had expected to see supplies shrink due to lingering output problems in