Oil at New High Over $49
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Oil prices raced to fresh highs on  Friday, carrying U.S. crude over $49 a barrel, driven by  escalating violence in Iraq and unabated demand growth from  China and India.
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Crude oil futures rallied late Friday to a new record high of $54.90, a day after a decline in the U.S. inventory of heating oil roiled a market already on edge over tight supplies, high demand and unrest among key producers.
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Oil prices hit fresh records again on  Monday, pushing London Brent crude above $50 for the first time  and extending a relentless rise that has added around 65  percent to the cost of crude this year.
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Oil hit a record high above $79 a barrel  on Wednesday, propelled by an unexpectedly large drop in U.S.  crude oil stocks that coincided with only a small output  increase from OPEC ahead of peak winter demand.
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Oil prices pushed above &#36;49 a barrel on Monday, approaching record levels as worries about the stability of supplies from Iraq, Nigeria and Russia compounded concerns over low fuel stocks ahead of winter.
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WASHINGTON -- Crude futures plowed to a new high near $49 a barrel yesterday as the threat of sabotage to Iraqi oil infrastructure loomed larger than promises from Baghdad to boost exports in coming days.
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Global oil prices have rallied to fresh highs, with US crude approaching $49, driven by escalating violence in Iraq and unabated demand growth from China and India.
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Oil prices surged to a new high above $47 a barrel spurred by concern for the safety of oil facilities in Iraq.
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Oil prices struck a fresh record high  above $47.50 a barrel on Thursday as fresh evidence of demand  growth in China and India underlined how rising appetite for  oil is straining the world's supply system.
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Global oil prices raced to fresh highs on Friday, carrying US crude close to $49.16 a barrel up 46 cents, driven by escalating violence in Iraq and unabated demand growth from China and India.
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As the euro rose above $1.42 to a new high against the dollar, the price of crude oil also hit a record, briefly surpassing $90 a barrel in after-hours electronic trading.
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Oil prices struck a fresh record on Thursday, spurred higher by renewed violence in Iraq and fresh evidence that strong demand growth in China and India has not been slowed yet by higher energy costs.
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Oil prices surge to fresh record highs in London, with Brent crude reaching the $50-a-barrel mark for the first time.
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LONDONâUS crude prices on the New York Mercantile Exchange hit fresh record highs on Tuesday, hitting $50.47 a barrel, up nearly 55 percent from the start of the year.
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Oil prices hit fresh records on Monday, pushing London Brent crude above $50 for the first time and extending a relentless rise that has added around 65 percent to the cost of crude this year.
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Oil prices pushed above $49 a barrel on Monday, approaching record levels as worries about the stability of supplies from Iraq, Nigeria and Russia compounded concerns over low fuel stocks ahead of winter.
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Oil prices hit fresh highs on Friday,  lifting U.S. crude above $49 a barrel, driven by escalating  violence in Iraq and unabated fuel demand growth from China and  India.