Oil Flirts with &#36;48 on U.S. Cold Spell
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Oil prices stayed close to six-week highs on Friday on forecasts that a bout of cold weather in the United States would raise demand for heating fuels and natural gas.
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Oil prices held firm near $47 a barrel  on Friday, bolstered by a tightening outlook for market  fundamentals and sliding U.S. temperatures.
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Oil prices steadied on Friday, stemming heavy losses this week, with a bout of cold weather in the United States expected to keep up demand for heating fuels over the weekend.
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Oil prices climbed back above $59 a barrel on Wednesday as a blast of cold weather boosts heating oil demand in the United States and OPEC supply cuts quicken the seasonal fall in crude stocks in industrialised countries.
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Oil prices held around $41 a barrel on  Tuesday as colder weather in the U.S. brought temperatures more  into line with seasonal norms, spurring heating oil buying.
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Oil prices rose well over a dollar on  Friday, spurred by worries a cold spell in the United States  could erode already depleted winter fuel inventories.
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NEW YORK : Oil prices cooled in the wake of sharp spikes last week amid cold weather forecasts for the United States and Europe, but traders said the market remained edgy despite the declines.
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Cold weather will swing into the East  Coast of the United States by the weekend, ending a stretch of  above-normal temperatures in the world's biggest heating oil  market that has curbed energy demand, private forecaster  AccuWeather said on Monday.
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Oil prices resumed this week's upward march on Friday, driven by worries that a new U.S. cold spell might erode already low winter fuel inventories.
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Crude oil futures are headed for their biggest weekly gain in 21 months on speculation cold weather may boost demand in the US Northeast, where 80 percent of the country&#39;s heating oil is used.
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U.S. crude oil futures rose to a fresh  six-week high on Friday as frigid weather swooped into the  Northeast heating oil market, threatening to strain already  tight winter fuel stockpiles.
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Oil prices rebounded to &#36;54 a barrel on Thursday ahead of U.S. inventory data expected to show tight heating fuel stocks ahead of winter.
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Oil prices broke above $46 a barrel on  Tuesday as a cold spell loomed for the U.S. Northeast heating  oil market and a rash of supply problems afflicted big global  producers.
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Oil prices jumped nearly 2 percent on Tuesday as colder weather in the United States, the world&#39;s largest heating oil market, brought temperatures more in line with seasonal norms.
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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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Oil prices climbed back above $59 a barrel on Wednesday as a blast of cold weather boosts heating oil demand in the United States and OPEC supply cuts quicken the seasonal fall in crude stocks in industrialized countries.
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Oil prices steadied on Friday,  stemming heavy losses this week, with a bout of cold weather in  the United States expected to keep up demand for heating fuels  over the weekend.