Oil punches through $54 US a barrel
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TORONTO - Oil prices broke through another new record, passing the $54-per-barrel mark on Tuesday. On the New York Mercantile Exchange, the price for the November contract for light sweet crude stood at $54.
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Global crude oil prices, which shot up to record highs on Monday, continued to rule at the same level of close to $54 a barrel. Following the nationwide strike that began in Nigeria to protest against high
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NEW YORK, October 12  - World crude oil prices continued their upward rally today above $54 per barrel, rising to new record high levels for the sixth consecutive day.
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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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Crude oil futures rallied late Friday to a new record high of $54.90, a day after a decline in the US inventory of heating oil roiled a market already on edge over tight supplies, high demand and unrest among key producers.
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November light, sweet crude oil futures rose as much as 96 cents on the New York Mercantile Exchange to US$54.60 a barrel, the highest price in 21 years of trading.
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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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Crude oil rose to a record $49.74 a barrel in New York amid concern rebel attacks in Nigeria will reduce production and US refiners will struggle to replenish supplies disrupted by Hurricane Ivan.
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Crude oil rose to a record for a sixth day, passing $54 a barrel in New York, as concern about US supplies grew after the International Energy Agency said demand this year is rising faster than expected.
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Crude oil broke through the record $54 (US) a barrel level briefly before falling sharply yesterday as no new shocks threatened to disrupt global supplies and traders took profits.
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Oil prices on the London market broke through the 50 US dollars per barrel level for the first time during Monday morning trading.
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The US trade deficit, propelled by a record foreign oil bill, surged to $54 billion in August, second highest level in history. The politically sensitive
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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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Oil prices surged to yet new record  highs Tuesday, driving U.S. crude above $54 as global supply  outages thwart efforts to build winter heating fuel  inventories.
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LONDON  - Oil prices remained stubbornly above 54 dollars, creeping up towards new record summits on worries of a winter supply crunch after a fifth straight weekly fall in US heating fuel stockpiles.
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Oil prices have hit a new record near $51 a barrel as a prolonged US production outage following Hurricane Ivan attracted fresh speculative buying.
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LONDON - Oil&#39;s record-breaking rally lifted US crude beyond $52 a barrel this week, fueled by the impact of Hurricane Ivan on US winter inventories.