Oil Prices Continue to Rise
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After topping off at $92.22 a barrel before the opening bell on bullish trading in the Asian and European markets, oil was at $91.28 in midday trading on the New York Mercantile Exchange.
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Oil prices rise for the fifth day in a row amid continuing worries over the level of US stocks.
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Oil prices keep climbing but for the moment the economists are sticking to the line that the global and Australian economies will weather the storm.
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World oil prices are continuing to scale record heights, rising on concerns over disruptions to supply from strike-hit producers Nigeria and Norway.
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WASHINGTON - Oil prices cruised above $55-a-barrel yesterday as concerns about the global supply of winter fuels persist ahead of the Northern Hemisphere winter.
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Oil will continue to trend higher after hitting fresh highs over $82 a barrel but are unlikely to puncture the $100 level this year, Texas oilman and investor T. Boone Pickens said on Wednesday.
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Crude stays above $45, $8 higher than at end of June, but analysts doubt prices will near $50 again. LONDON  - Oil prices rose modestly Wednesday as traders took stock after a three-day losing streak from record highs near $50 a barrel.
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Oil prices rose to record highs on  Monday, pushing crude in London above $50 for the first time  and extending a relentless rise that has added around 65  percent to the cost of crude this year.
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Oil prices climbed above $47 a barrel today, after figures showed supplies in the U.S. were down for a third consecutive week.
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LONDON - Oil prices rose for the second day in a row on Thursday as several Opec ministers called for the cartel to stop producing more oil than its official target to prevent a glut next year.
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The price of oil rebounds despite data showing that US crude oil stocks have risen.
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Oil prices climbed higher on Thursday as   Iran said it would never abandon its right to nuclear   technology hours before a U.N. watchdog was expected to report   Tehran had defied a deadline to halt atomic work.
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U.S. crude prices rose to another new record on Thursday, rising 25 cents to &#36;47.52 a barrel on evidence that high prices are not hurting world oil demand growth.
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GLOBAL oil prices continued to climb yesterday, recovering from a prolonged fall earlier in the day, as the US hinted that it might lend oil from its Strategic Petroleum Reserve to offset a short-term disruption to imports.
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Oil prices increased for a second day on Wednesday after the twin car bombings in the Saudi capital, Riyadh . US light crude oil prices finished at $43.64 a barrel, increasing by $1.87, or 4.47 percent, on the New York Mercantile Exchange.
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Oil prices continue to climb, with a record of $48.98 reported overnight for US light crude. While prices have fallen back to $48.56 a barrel, with Brent crude oil at $44.43, crude seems destined to climb to $50 a barrel for the first time.
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ARIS, Aug. 18 - Oil prices climbed above $47 a barrel today, setting yet another record, after figures showed supplies in the United States were down for a third consecutive week while a report from OPEC highlighted the threat of high oil ...