Crude Oil Inventories Following Hurricane Ivan; Gas and Diesel ...
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Last week, in this space, we postulated that we would see a large rebound in crude oil imports and domestic production as the recovery from Hurricane Ivan occurred in earnest, leading to a substantial increase in crude oil inventories.
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Oil prices hit a one-month high of $47 a barrel yesterday as traders worried that US petroleum inventories had drawn down heavily due to Hurricane Ivan.
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Oil prices climbed to within a dollar  of a new record on Wednesday after the U.S. government reported  a big decline in oil stockpiles because of disruptions from  Hurricane Ivan.
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Reports of damage to several oil facilities and more storms on the way raise crude prices. LONDON  - Crude prices climbed Friday as oil companies surveyed the damage wreaked by Hurricane Ivan after the storm pounded the key oil producing region.
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Crude oil briefly bounced back into the black this morning after the release weekly supply levels. The Department of Energy (DOE) reported that crude oil inventories rose for the eighth consecutive week, gaining 800,000 barrels.
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The price of crude oil rose to a record high yesterday even as the Bush administration agreed to tap the nation&#39;s emergency oil stockpile because of supply problems caused by Hurricane Ivan.
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Oil prices neared $52 for U.S. crude on  Wednesday, fueled by the impact of Hurricane Ivan on U.S.  winter inventories.
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Hurricane Ivan, which left a swath of death and destruction across the Caribbean, wrought havoc on oil drilling operations in the Gulf of Mexico before rampaging across the Florida and Alabama coast on Thursday.
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World oil prices rose on Thursday as  Hurricane Ivan reached the U.S. Gulf Coast, having shut more  than 1 million barrels of daily output in the Gulf of Mexico  and 13 percent of refining capacity in the United States.
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The US government is to let oil refineries borrow crude from its emergency stockpile to make up for supplies disrupted by Hurricane Ivan.
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World oil prices rose on Tuesday as  Hurricane Ivan charged toward the oil-rich Gulf of Mexico,  where energy companies shut down refineries and offshore oil  rigs and evacuated thousands of workers.
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Crude oil in New York traded near a record high as US producers in the Gulf of Mexico struggled to restore output cut by Hurricane Ivan at a time when refiners are trying to build up winter-fuel supplies.
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WASHINGTON, Aug. 18 (Xinhuanet) -- US commercial inventories of crude oil and gasoline decreased last week, according to a survey by the Energy Department on Wednesday.
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Crude oil may fall next week as Gulf of Mexico production rebounds and tanker shipments resume after Hurricane Ivan, according to a Bloomberg News survey of traders and analysts.
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Crude reaches $51.48 a barrel as the damage from Hurricane Ivan lingers in the Gulf of Mexico. LONDON  - Oil prices streaked to a record high above $51 a barrel Wednesday as speculators drove up prices
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Hurricane Ivan spared the critical Gulf Coast refining belt, but oil prices rose anyway Thursday on fears a new storm brewing in the Caribbean will delay tankers carrying imported crude to US ports.
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NEW YORK : The latest twists and turns from Hurricane Ivan prompted renewed concerns Monday about oil production in the Gulf of Mexico, pushing futures prices sharply higher on global markets.