Oil Up on Supply Woes, Election Jitters
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Oil prices bounced back on Friday, ending this week&#39;s 8 percent slide on renewed winter supply fears and jitters ahead of next week&#39;s US presidential election.
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Oil prices climbed $2 higher on Friday  on renewed concern over tight supplies of distillate fuels in  all main consuming centers ahead of the Northern Hemisphere  winter.
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Oil prices surged more than $1 on  Wednesday as worries over tight heating fuel supplies in the  U.S. and Europe this winter countered a previous bout of  profit-taking by big-money funds.
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Oil prices climbed back to $50 on  Tuesday, pushed higher by supply outages in the North Sea and  fears about low stocks of winter heating fuels.
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U.S. Treasury debt prices rose on  Friday as oil prices climbed again and uncertainty ahead of the  pre-election weekend prompted renewed interest in safe-haven  government debt.
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Oil prices leaped back above $50 on Wednesday as President George W. Bush edged towards US election victory, a result which traders said would bolster fuel demand and underpin anxiety over security of Middle East supply.
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A combination of political jitters about the Middle East and supply concerns for winter helped drive the price of crude oil briefly past $88 a barrel in New York yesterday.
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Oil prices jumped from a four-month low  on Wednesday as slow growth in U.S. heating fuel inventories  heightened fears for tight winter supplies.
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Oil prices rose sharply on Friday as  worries a cold spell in the United States could erode already  depleted winter fuel inventories spurred the market higher.
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Oil prices slid on Thursday after a  bigger-than-expected rise in U.S. fuel inventories soothed some  worries of a winter squeeze, but the fall was limited by an  upcoming OPEC meeting and Iraqi elections.
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Oil prices edged higher on Thursday from a heavy drop the day before as renewed violence and sabotage attacks in Iraq revived fears over supply disruptions.
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Oil prices edged up from seven-week lows  below $47 a barrel on Wednesday as U.S. crude oil inventories  grew again ahead of winter but heating oil stocks fell.
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Oil prices climbed more than $2 higher on Friday on renewed concern over supplies of distillate fuels in all main consuming centers before the Northern Hemisphere winter.
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Crude oil climbed more than $1 in New York on the re-election of President George W. Bush, who has been filling the US Strategic Petroleum Reserve.
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Oil prices held below $50 on Wednesday as a fresh jump in US crude oil inventories tempered the impact of President George W. Bush&#39;s move towards victory in the US election.
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Oil prices rose on Tuesday following  Monday's fall of nearly $3 in the face of rising U.S.  stockpiles and expected warmer winter weather.
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Oil prices rose $2 on Friday on renewed  concern over tight supplies of distillate fuels in all main  consuming centers ahead of the northern hemisphere winter.