Crude up on winter inventory concerns
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Crude oil futures prices soared more than $2 a barrel to settle above $48 yesterday, as concerns about tight winter fuel supplies mixed with speculation that OPEC may scale back output later this year.
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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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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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Oil prices rose a dollar 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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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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LONDON  - Oil prices pushed higher, extending sharp gains seen late last week as cold weather forecasts for the United States and Europe rattled markets nervous about tight winter supplies.
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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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The price of crude oil broke into new record territory above &#36;52 Thursday on heightened concerns that supplies of heating fuels will prove inadequate during the northern hemisphere winter.
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Crude oil briefly bounced back into the black this morning after the release weekly supply levels. The Department of Energy (DOE) reported that crude oil inventories rose for the eighth consecutive week, gaining 800,000 barrels.
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NEW YORK, November 22  - Crude oil prices increased to near the $50 per barrel mark this morning, amid renewed concerns surrounding a potential shortfall in the heating fuel supplies this winter.
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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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Crude oil futures jumped above 51 dollars a barrel Tuesday amid concern that hurricane damage to production in the Gulf of Mexico would keep supplies from rising enough to meet winter needs.
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Crude oil prices briefly rose above 55 dollars a barrel today, as traders continue to worry about supply ahead of winter. Crude for November delivery hit 55 dollars, 33 cents
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Oil prices rose on Monday as a gas leak  closed a large Norwegian North Sea oilfield and the threat of a  colder-than-normal U.S. winter fueled worries about low heating  oil stocks.
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US demand for natural gas this winter is expected to increase 4.4 percent from last year, and prices should be higher even though inventories will be near record levels at the start of the heating season, a industry trade group said
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Oil prices ticked higher on Tuesday,  holding above $42 a barrel as dealers awaited signs of any  renewed cold snap that would revive demand for winter heating  fuels in the United States.
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Oil prices briefly climbed back over $50  on Tuesday, pushed higher by supply outages in the North Sea  and fears about low stocks of winter heating fuels.