Oil Falls on Speculation Mild Weather Will Reduce US Demand
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Crude oil futures fell for a fourth day on speculation that higher-than-normal temperatures in the eastern half of the US will limit heating oil needs during the northern hemisphere winter.
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Crude oil prices fell sharply Monday as traders speculated that temperatures in the eastern half of the United States would limit heating oil needs.
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US oil prices slid half a dollar to below $44 a barrel on Monday as warmer-than-expected weather in the United States was expected to curtail demand.
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Crude futures fell more than $1 a barrel yesterday amid mild weather in the US Northeast on the first trading day of the new year.
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U.S. crude oil futures fell sharply on Tuesday, slumping more than $2 in morning trading, as warmer weather in the U.S. Northeast was expected to curb heating oil demand and as the March contract headed to expiration.
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Oil prices fell more than a dollar to a  three-month low on Tuesday as mild winter weather sapped demand  in the heavy energy consuming U.S. northeast.
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Oil prices hit a new three-month low on Wednesday as mild winter weather in the United States and expectations of a rise in heating fuel stocks kept downward pressure on the market.
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Oil prices edged lower on Wednesday as traders waited to see whether the first cold snap of the US winter had eaten into low heating fuel supplies.
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Oil prices eased on Wednesday on mild US weather as traders waited to see whether the first cold snap of the US winter has eaten into low heating fuel supplies.
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LONDON : Oil prices fell as markets reckoned on there being enough heating fuel to meet demand in key markets once winter arrives, despite further drops in US stockpiles, analysts said.
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Oil prices declined on international markets on Thursday as reassuring levels of natural gas stocks eased fears of a winter energy crunch in the United States.
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NEW YORK Crude oil prices are falling sharply as traders anticipate warmer weather in the US later in the week. Also pulling futures prices down are the weekend snowstorms in the Midwest that kept motorists off the road and planes grounded.
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Oil prices fell 5 percent on Monday as forecasts of a return to mild winter weather in the U.S. Northeast eased worries about heating oil suppplies.
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U.S. oil prices slid more than half a  dollar to below $44 a barrel on Monday as unusually mild winter  weather in the United States curtailed demand.
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Oil prices fell on Wednesday after a  U.S. government report showed a surprise increase in heating  oil stockpiles in the dead of winter, thanks to strong refining  activity and mild weather.
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The price of crude oil falls sharply in New York, as mild weather in northern US states eases demand for heating oil.
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LONDON - Oil prices have fallen after forecasts of mild US weather prompted traders to take profits from a rally that has added over 30 per cent to the cost of crude this year.