Hurricane Ivan pushes oil higher
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World oil prices are on the rise, as Hurricane Ivan threatens to disrupt oil flow in the Gulf of Mexico.
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OIL&#39;S RECORD-breaking rally took US crude over US$52 a barrel yesterday fuelled by the impact of Hurricane Ivan on US winter inventories.
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Crude oil rose and natural gas soared in New York as the approach of Hurricane Ivan disrupted production and tanker shipments in the Gulf of Mexico, where a quarter of US oil and natural gas is pumped.
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Oil prices headed up toward &#36;45 a barrel on Wednesday as Hurricane Ivan shut 60 percent of crude output in the Gulf of Mexico and at least five refiners along the U.S. coast planned to close as a precaution.
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Oil prices darted above $51 a barrel yesterday as output in the Gulf of Mexico remains in shambles more than two weeks after Hurricane Ivan tore through the region.
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Crude oil was little changed after rising 2.5 percent yesterday as the approach of Hurricane Ivan disrupted production and tanker shipments in the Gulf of Mexico, where a quarter of US oil and natural gas is pumped.
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Crude oil futures may rise in New York on speculation Hurricane Ivan could disrupt output from platforms in the Gulf of Mexico as the storm nears the US mainland this week.
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Oil prices are pushing past the psychological barrier of $50 a barrel Tuesday. Prices are rising in part because of the slow recovery of production in the Gulf of Mexico following Hurricane Ivan.
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Oil prices extended record-setting highs  above $51 for U.S. crude on Wednesday, fueled by the impact of  Hurricane Ivan on U.S. winter inventories.
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Crude oil futures in New York vaulted up 3.9 percent Friday, as supply fears continued to rattle the market following Hurricane Ivan.
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World oil prices surged nearly 4  percent on Friday on worries the U.S. hurricane season would  continue to hamper energy production and imports in the Gulf of  Mexico, delaying vital stock-building ahead of winter.
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WASHINGTON -- Oil prices bounded higher for the fourth day in a row yesterday, with further declines in US supply expected as petroleum producers disrupted by hurricane Ivan continue to regroup.
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World oil prices climbed on Monday as  companies operating in the U.S. Gulf of Mexico braced for  output disruptions from powerful Hurricane Ivan.
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Oil prices surpassed $47 a barrel yesterday, and further declines in the nation&#39;s supply are expected in the short term as petroleum producers disrupted by Hurricane Ivan continue to regroup.
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Oil prices jumped more than a dollar,  climbing above $48 a barrel Wednesday after U.S. data showed  the disruption caused by Hurricane Ivan had eaten into fuel  stocks.
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LONDON: Oil&#39;s record-breaking rally has taken US crude over $US52 a barrel, fuelled by the impact of Hurricane Ivan on US winter inventories.
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London - Oil prices climbed on Thursday, reversing some of the losses seen late the previous day as disruption to production in the Gulf of Mexico continued due to Hurricane Ivan.