Iraqi oil output increases in December
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Iraq's average oil output rose again in December, marking a roughly 30 percent increase since the start of 2007, the country's oil ministry said Saturday.
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Crude oil rose slightly on Friday to $47.57 per barrel compared to yesterday fall on expectations for inventories to be lifted. December crude oil was at $47.
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Oil rose on Friday on U.S. supply concerns, the slumping dollar and mounting tensions in Pakistan and northern Iraq.
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Oil prices surged to a new high of $47 a  barrel on Wednesday after a new threat by rebel militia against  Iraqi oil facilities and as the United States said inflation  had stayed in check despite rising energy costs.
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Crude oil shot up $10.93, or 33.6 percent, in 2004 to finish the year at $43.45 a barrel. Insurgent attacks on Iraqi pipelines and within Saudi Arabia fueled concerns over supply shortfalls even as producers pumped at near full capacity.
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Aug. 20 (Bloomberg) -- Crude oil futures rose to a record, surpassing $49 a barrel in New York, on concern clashes in southern Iraq between US troops and Shiite Muslim militiamen may cut exports.
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Oil company shares climbed on  Thursday, helped by higher crude prices, while retailers  offered a mixed picture on holiday sales in December.
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Crude oil prices surged again Wednesday, rising above $47 a barrel amid lingering concerns in supply from Iraq and Russia.
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U.S. oil prices rose on Monday as Iraq's  oil exports continued at more than 30 percent below normal  after sabotage attacks on pipelines.
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US oil prices rose slightly on Monday as Iraq&#39;s oil exports continued at more than 30 percent below normal after sabotage attacks on pipelines.
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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 struck a fresh record on Thursday, spurred higher by renewed violence in Iraq and fresh evidence that strong demand growth in China and India has not been slowed yet by higher energy costs.
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Oil rose more than $1 to above $62 a barrel on Thursday after OPEC decided to cut its output by 2 percent starting in February.
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Global oil prices have rallied to fresh highs, with US crude approaching $49, driven by escalating violence in Iraq and unabated demand growth from China and India.
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Iraq's oil exports rose 9.2 percent last year, the Oil Ministry announced Thursday, largely because improved security allowed pumping to resume through a pipeline from northern oil fields.
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ARIS, Aug. 20  Oil prices hit a new record today after the Iraqi insurgency increased its pressure on the country&#39;s oil infrastructure and traders feared growing unrest might interrupt crude exports.
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NEW YORK - Oil prices rose on Wednesday as the re-election of US President George W. Bush countered a big increase in spare oil supplies ahead of winter.