Oil prices fall nearly 5% to below $53 a barrel
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Oil futures prices sank nearly 5 percent yesterday, dropping below $53 a barrel, as concerns about tight winter-fuel supplies eased, at least temporarily, and traders turned their attention to rising US inventories of crude.
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Oil prices fell on Monday to a seven-week low just under $47 a barrel, as growing fuel stocks in the United States eased fears of a winter supply crunch despite a cold snap in North America at the weekend.
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Oil prices fell to their lowest in five  months before steadying on Thursday, pausing from a three-day  decline as dealers zeroed in on healthy U.S. inventories  heading into the mild autumn demand season.
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The crude oil price, based on the average price package of seven market-monitored crudes, fell to 38.89 dollars a barrel last week, down 2.46 dollars of the price in the previous
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Oil futures prices dropped nearly 5 percent Wednesday, in the biggest decline in five months, after an Energy Department report showed that the nation&#39;s crude supply rose more than expected.
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Oil prices slipped to their lowest level   in five months before rebounding on Thursday as dealers took   pause from a three-day decline ahead of U.S. data expected to   show healthy crude stocks and rising distillate inventories.
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WASHINGTON - Oil costing roughly $53 a barrel is a major drag on the U.S. economy, and Arab finance ministers have told the Bush administration they are committed to bringing the price down, Treasury Secretary John Snow said Sunday...
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Oil prices fell Monday, nearing a  7-week low just under $47 a barrel, as growing fuel stocks in  the United States eased fears of a winter supply crunch despite  a cold snap in North America at the weekend.
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Oil prices fell below $87 a barrel on Wednesday as stock markets declined further, shrugging off a temporary reprieve from Tuesday's steep cut in U.S. interest rates amid persistent fears of a global economic slowdown.
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NEW YORK - Oil prices made an about face Friday, falling below $48 a barrel, as tensions between U.S. forces and rebel fighters in Iraq eased, raising hopes that attacks against the country's oil infrastructure would subside...
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Oil slid below $63 a barrel on Friday   touching its lowest level since March as U.S. fuel stockpiles   grew ahead of winter and investors probed for a price that   would trigger an OPEC supply cut.
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Oil prices fell to seven-week lows below  $47 a barrel on Wednesday as traders braced for another  increase in U.S. oil and natural gas inventories ahead of  winter.
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Oil prices scaled new heights at $53 for  U.S. crude on Thursday on concerns over tight winter heating  fuel supplies and an unexpected strike at Nigerian oil  terminals.
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SINGAPORE: Oil prices slid to a five-week low on Friday, continuing a downturn that has slashed almost 13 per cent from record highs as rising stockpiles have eased worries of a winter supply crunch.
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Oil prices made an about face Friday, falling below $48 a barrel, as tensions between U.S. forces and rebel fighters in Iraq eased, raising hopes that attacks against the country's oil infrastructure would subside.
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Oil prices fell again Tuesday, with U.S. light crude sinking to about $53 a barrel, despite persistent supply worries and an attack on a key Iraqi pipeline.
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Oil prices fell to seven-week lows below $47 a barrel on Wednesday as traders braced for another increase in US oil and natural gas inventories.