Oil Prices Hit Peaks on Winter Worries
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Oil prices rallied to a record above &#36;55 a barrel Monday on concerns over a winter fuel supply crunch, and as traders took comments from a top U.S. official to mean high prices have yet to really dent U.S. demand.
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Oil prices climbed above $42 a barrel  on Wednesday, rising for the third day in a row as the heavy  consuming U.S. Northeast felt the first chills of winter.
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Oil prices surged more than $2 on  Thursday to their highest level in six weeks, tracking a nearly  10 percent rally in natural gas as a cold snap cranked up  furnaces across the Midwest.
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Crude oil prices surged to a new high Monday on supply concerns ahead of the winter, a possible petroleum-industry strike in Norway and data showing that China&#39;s big demand for oil is likely to increase.
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Oil prices rose Monday as a gas leak closed a large Norwegian North Sea oil field and the threat of a colder-than-normal US winter fueled worries about low heating oil stocks.
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Oil futures prices rose in Europe Thursday amid concerns about heating oil supplies at the beginning of the Northern Hemisphere winter.
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Oil prices climbed higher in Asian trade today as fresh concerns over the possibility of energy shortages in the northern hemisphere winter sparked another wave of panic among investors, dealers said.
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LONDON  - Oil prices rose over worries about a possible supply shortage of US heating oil stocks during the northern hemisphere winter.
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Oil prices rallied to a record above $55 a barrel Monday on concerns over a winter fuel supply crunch, and as traders took comments from a top US official to mean high
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Oil prices made fresh gains above $55 a barrel led by record-breaking heating oil prices amid fears of winter supply shortages across America.
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Oil prices climbed higher in Asian trade on Monday as fresh concerns over the possibility of energy shortages in the northern hemisphere winter sparked another wave of panic among investors, dealers said.
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Oil climbed back towards its new $90 peak on Friday, supported by tight fuel stocks ahead of winter and a softening dollar.
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World oil prices bolted up to new record summits beyond 52 dollars on markets nervous about tight global supplies with winter looming in the northern hemisphere.
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Oil prices leaped more than a dollar on  Friday on renewed concern over tight supplies of distillate  fuels in Europe and the United States ahead of the northern  hemisphere winter.
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Oil prices extended record-setting highs  above $51 for U.S. crude Wednesday, led by worries over the  impact of Hurricane Ivan on U.S. winter fuel stocks.
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Washington: Oil futures surged five per cent to reach their highest level this month as colder weather sent shivers through the spines of investors who had been anticipating lower prices.
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Crude oil climbed to a two-week high on concern colder winter weather will drain supplies of North American and European heating fuels before inventories rebound.