Crude oil prices dropping in NY
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Crude oil prices have dipped in New York, sliding as much as two dollars to around $50 a barrel. That&#39;s extending declines seen last week despite concerns that a planned strike in Nigeria could affect output.
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Crude oil fell from yesterday&#39;s record of $54.88 a barrel in New York amid concern that sustained high prices may slow economies and reduce demand for energy.
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Crude oil futures tumbled to a four- week low in New York on speculation that growth in demand will ease as supplies increase. US manufacturing growth was the slowest in more than a year
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Crude oil prices have overnight shed 28c of the USD1.28 spike seen in New York last night. The sudden rise came on news of twin car bomb attacks in Saudi Arabia, pushing prices up to USD 43.64 at the New York close.
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The price for a barrel of sweet, light crude oil experienced its biggest-ever drop in a dayâs trading on the New York mercantile Exchange (Nymex), falling from $55,21 to $52,51 on Wednesday to levels last seen on 12 October.
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TORONTO (CP) - A drop in oil prices on reassurances of a steady supply of crude gave stock markets a boost Tuesday. The price of crude oil futures for October delivery on the New York Mercantile Exchange dropped 68 cents to $43.
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The price of oil has fallen in New York after Opec president Purnomo Yusgiantoro said that the oil cartel&#39;s members were increasing production.
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New York crude prices reacted cautiously Wednesday to new inventory reports showing an 800,000-barrel decline in the US crude supply.
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Crude oil futures prices plummeted today, falling by nearly $3 a barrel, as traders shelved concerns about tight winter-fuel supplies.
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NEW YORK  - World crude oil prices plummeted on news of a surprise gain in US commercial petroleum inventories in the early days of the northern hemisphere winter.
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Crude oil futures fell in New York, extending the biggest decline in five months yesterday, after a jump in US inventories eased concern about a winter shortage.
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New York - Oil prices continued to plummet on Thursday, falling almost five per cent to hit a 12-week low. On the New York Mercantile Exchange, the January contract for light sweet crude was down $2.24 US
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NEW YORK, November 4  - Crude oil prices declined today to their lowest levels in more than one month, after rising early this morning and yesterday on news of George Bushâs re-election as the US President.
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Oil prices fall more than a dollar in New York, after speculation Opec might increase output.
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Crude oil in New York fell for the first time in seven sessions on expectations that US stockpiles will rise in coming weeks as imports and production recover in the wake of Hurricane Ivan.
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Oil prices slightly changed after increasing by 1.6 percent Wednesday in New York as the US government announced an unexpected 1 million-barrel decline in supplies of distillate fuels, including diesel and heating oil.
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Crude oil in New York fell from a one-month high after the White House said the US may loan oil to refineries from the Strategic Petroleum Reserve to make up for supply disruptions caused by Hurricane Ivan.