Oil prices head higher despite Nigeria peace talks
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LONDON, Sept 30  - Oil prices resumed their march towards 50 dollars in New York on Thursday even as peace talks were set to resume in major producer Nigeria and following an unexpected rise in US crude inventories.
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World oil prices scaled record peaks last night, rising on concern over disruptions to supply from strike-hit producers Nigeria and Norway.
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Crude oil prices in New York stayed higher Tuesday after passing 50 dollars per barrel as Nigerian rebels threatened oil output and Hurricane Ivan slashed production in the US Gulf of Mexico.
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Oil futures prices rose slightly Monday despite assurances from Middle East countries that they were committed to keeping the market well supplied as a strike began in Africa&#39;s largest exporter of crude.
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Oil prices rose to record highs Monday  near $50 a barrel for U.S. crude as Nigeria emerged as the  latest focus for worries about supply in an already tight  worldwide energy market.
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Oil prices rebounded on Wednesday after violence flared up between militants and government troops in oil exporter Nigeria.
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Oil prices remained just below record  highs on Friday amid concern over possible conflict in  Nigeria's oil-producing delta region, where a two-day truce  between rebel militia and government forces is holding.
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Oil prices edged up on Thursday after a larger-than-expected drop in U.S. crude stocks and as traders waited to see if OPEC ministers meeting in Nigeria would hold off from making further cuts to output.
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Oil prices held steady above $49 on  Friday as market unease persisted over supply security in  Nigeria, despite peace talks, while the world's richest nations  suggested oil resources were scarcer than first thought.
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The leader of a Nigerian rebel militia,  whose threats to the nation's oil industry have lifted world  oil prices, said peace talks would resume on Thursday following  a truce agreed with the government.
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Oil rose as Nigeria, the world top oil exporter, sees the call for a strike later this month. December crude oil lifted 24 cents to $52.
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Oil prices ended above $50 a barrel amid concern over possible fighting between rebles and the military in Nigeria&#39;s oil-rich delta region.
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Another round of petrol price rises could be looming after crude oil prices hit the $US50 a barrel mark over the weekend. Oil prices are at their highest in more than 20 years due to supply concerns in Nigeria
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LONDON, England -- Oil prices have surged to historic levels as a threat of civil war in Nigeria adds to concerns over tight global supplies.
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Oil prices slid from record highs  above $50 a barrel Wednesday as the U.S. government reported a  surprise increase in crude stocks and rebels in Nigeria's  oil-rich delta region agreed to a preliminary cease-fire with  the government.
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Crude oil prices in New York remained high Tuesday after Nigerian rebels threatened oil output in the largest African oil-producing country.
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Oil prices raced to new record highs above $50 on Tuesday as rebel threats against Nigerian oil facilities threatened to inflict further strain on global supplies.