Crude oil up for 2nd day on colder US weather
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BEIJING, Dec. 30 -- Crude oil rose for a second day after forecasters said weather next week in the US Northeast, where 80 per cent of the country&#39;s home heating oil is used, may be colder than predicted.
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Oil prices rose for the second day on  Wednesday ahead of U.S. government data expected to show a  slight decline in winter heating fuel stocks.
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Oil prices held firm on Tuesday on concerns about another cold snap in the United States and possible supply disruption in the Middle East and Russia.
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Crude oil futures rose yesterday ahead of an extended weekend for traders, even though weekly government data showed rising domestic inventories of crude and distillate fuel, which includes heating oil.
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Oil prices edged higher yesterday, lifted by chilly weather across the Midwest and Northeast that is boosting the demand for heating fuel.
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Crude futures fell by more $2 a barrel on Monday as traders anticipated warmer weather in the US Northeast later in the week and responded to weekend snowstorms in the US Midwest that kept motorists off the road.
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Oil prices rose for a second day on  Wednesday after blasts were heard in Saudi Arabia's capital and  after the U.S. government reported another decline in lean  winter heating fuel stocks.
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Oil prices edged higher for the second day on Wednesday ahead of US government data expected to show a slight decline in winter heating fuel stocks.
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Oil futures prices bolted 5 percent higher yesterday, 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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Crude oil climbed to a two-week high on concern colder winter weather will drain supplies of North American and European heating fuels before inventories rebound.
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U.S. crude oil climbed above $60 a barrel  for the first time in a month on Friday, extending a gain of $2  a day earlier, amid signs of falling crude exports from  producer group OPEC.
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Oil prices made fresh gains on Friday after leaping almost $2 a day earlier the US government said crude stocks sank for the sixth straight week last week and distillate fuels barely grew ahead of winter.
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Oil prices rose for the second day in  a row on Thursday with an Arctic blast forecast to hit the  United States next week, ramping up demand for heating fuels.
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Oil prices edged higher for the second day on Wednesday, recovering from a week-long &#36;5 slump ahead of U.S. inventory data expected to show a slight draw in distillates, which include winter heating fuel.
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OIL prices rose for a second day after blasts were heard in Saudi Arabiaâs capital and after the United States government reported another decline in lean winter heating fuel stocks.
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Crude oil futures moved upward Wednesday, as the northeastern United States _ a heavy consumer of heating oil _ felt the first signs of what could likely be a colder-than-expected winter.
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Oil futures prices have jumped 5 percent higher, climbing above $44 a barrel in the United States Wednesday after US government data showed a slight decline in crude and heating oil supplies as colder weather in the Northeast drove up