Crude oil price surges past $55
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Crude oil prices surged past an unprecedented $55 per barrel Monday as uncertainty swirls over production, high demand and tight global supplies.
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Crude oil futures rose to a record $55.39 a barrel in New York after the release of a report showing that the Chinese economy grew more than expected last quarter.
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Oil's record-breaking rally lifted U.S.  crude beyond $52 a barrel on Wednesday, fueled by the impact of  Hurricane Ivan on U.S. winter inventories.
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Crude futures for December delivery hit a high of $55.67 Monday morning in electronic trading on the New York Mercantile Exchange.
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SAN FRANCISCO (CBS.MW) -- Crude-oil futures climbed back above $55 a barrel Tuesday to match last week&#39;s record close as traders turned their attention back to heating fuel ahead of this week&#39;s updates on US petroleum supplies.
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Crude oil prices breached the $54 mark Tuesday to reach a new all-time high, fueled by continuing worries over supply in Nigeria and reduced output in the hurricane-hobbled Gulf of Mexico.
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New York&#39;s main crude oil contract shot to a record high of $55.45 a barrel on Friday amid deepening concern over US stocks of winter heating fuel.
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Oil prices surged above $47 a barrel on  Wednesday on evidence that energy costs are not substantially  slowing the economic growth that fuels oil demand and new  reports of  rebel militia attacking Iraqi oil facilities.
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Washington: Oil futures prices bolted 5 per cent higher, climbing above $44 a barrel after US government data showed a slight decline in crude and heating oil supplies as colder weather in the Northeast drove up fuel demand.
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Oil prices rallied to a record high  above $55 a barrel on Friday on rising fears of a winter fuel  supply crunch and robust economic growth in China, the world's  number two user.
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Crude oil futures rose to a record $55.45 a barrel in New York after a report that the Chinese economy grew more than expected. Oil&#39;s rally lifted heating oil to a record and natural gas to a 20-month high.
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Crude oil prices climbed above $50 per barrel Tuesday, their highest level since futures began trading in 1983. The increase raises new questions about just how far prices will climb, with
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US crude oil futures have surged above $55 a barrel in electronic trading due to widespread worries about northern winter fuel supplies, traders said.
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Crude oil prices have jumped to $50.00 a barrel in after hours trading in New York. The psychologically significant level was reached in electronic trading after the close of the markets Monday.
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Oil prices broke above $55 a barrel on  Tuesday as concern lingered over thin world heating oil  supplies ahead of the northern winter.
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Crude oil prices surged past an unprecedented US$55 per barrel yesterday as uncertainty swirls over production, high demand and tight global supplies ahead of the Northern Hemisphere winter.
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Crude oil prices surged past an unprecedented 55 dollars per barrel today as uncertainty swirls over production, high demand and tight global supplies.