Oil hits record over $80
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Oil hit an all-time high over $80 a barrel on Thursday after Hurricane Humberto forced the closure of some U.S. Gulf refiners, stoking supply concerns amid falling inventories in the world's top consumer.
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The price of Brent crude oil struck an historic peak of 86.28 dollars per barrel in trading here Thursday on renewed concerns over tight global energy supplies.
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THE cost of oil soared to a record $US49.64 a barrel today as unrest in Nigeria and Saudi Arabia alarmed traders. Oil futures jumped to their highest closing price on record on the New York Mercantile Exchange.
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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 futures have jumped to their highest closing on record on the New York Mercantile Exchange, rising 76 US cents to $US49.64 dollars a barrel, as unrest in Nigeria and Saudi Arabia alarmed traders.
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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 broke into fresh record  territory above $52 Thursday on heightened concerns over tight  winter heating fuel supplies.
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The price of New York crude surged to a new record high of 81.80 dollars a barrel on Tuesday ahead of a US interest rate call and as traders fretted over tight energy supplies in the United States.
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The price of Brent crude oil struck an historic peak of 86.28 dollars per barrel in trading here on Thursday amid concerns over tight energy supplies.
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Oil vaulted to a record $100 a barrel on Wednesday as violence in Nigeria, tight energy stockpiles and a weaker dollar triggered a surge of speculative buying, dealers said.
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NEW YORK, October 8  - Crude oil price increased to a new record high of $53.40 per barrel at the New York Mercantile Exchange (NYMEX) today, marking the fourth consecutive day of new record high levels.
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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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Oil prices hit a new record of 50.47 US dollars a barrel on Tuesday as rebels in Nigeria threatened oil output and hurricane Ivan slashed production in the Gulf of Mexico, despite Saudi Arabian pledge to increase output.
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Oil prices hit a fresh high above $82 a barrel after US interest rates are cut by half a percentage point.
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ARIS, Aug. 20  Oil prices hit a new record today after the Iraqi insurgency increased its pressure on the country&#39;s oil infrastructure and traders feared growing unrest might interrupt crude exports.
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The October contract for light, sweet crude finished at a record $80.09, up 18 cents on the New York Mercantile Exchange.
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Oil prices surged to record highs above  &#36;78 on Friday as global geopolitical storm clouds gathered,  with supply disruption in OPEC exporter Nigeria and tensions  across the Middle East driving crude into unchartered  territory.