Oil sees new high in Asia trade
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Oil prices have surged past a record $55 per a barrel in Asian trade, amid concerns over winter fuel supplies. The price of crude for November delivery on the New York Mercantile Exchange hit $55.
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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 prices climbed higher in Asian trade today as fresh concerns over the possibility of energy shortages in the northern hemisphere winter sparked another wave of panic among investors, dealers said.
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As oil prices keep setting new record highs, there are growing concerns that Asia's energy-hungry economies can no longer continue absorbing the impact with crude creeping toward 60 dollars a barrel.
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SINGAPORE : Oil prices climbed higher in Asian trading on Monday as fresh concerns over possibile energy shortages during the northern hemisphere winter sparked another wave of panic buying among investors, dealers said.
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Oil prices rise to yet another record high due to concerns over tensions between Turkey and Iraq.
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Oil prices surged to a new high of $47 a barrel on Wednesday on evidence from major economies that energy costs are not substantially slowing the economic growth that fuels oil demand. Fresh threats by rebel militia in ...
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THE US trade deficit widened in August to its second-highest level on record, fuelled by the highest oil import prices in 23 years and record imports from China.
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Oil prices struck a fresh record just  under $49 a barrel on Thursday, spurred higher by renewed  violence in Iraq and fresh evidence that strong demand growth  in China and India has not been slowed by higher energy costs.
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Oil prices hit fresh highs on Friday, lifting U.S. crude above &#36;49 a barrel, driven by escalating violence in Iraq and unabated fuel demand growth from China and India.
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The US trade deficit widened to a new high of $55.5 billion in October, boosted by high oil prices and record imports from China as retailers geared up for Christmas.
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SINGAPORE : Crude oil prices were higher in Asian trading hours on Monday after oil workers in Nigeria announced over the weekend they would launch an indefinite general strike later this month, dealers said.
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The price of crude oil surged past $55 per barrel Monday on lingering supply fears in trading in Asia.
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Oil prices extended gains to set a new all-time high on Monday, lifted by heightened tensions between Turkey and Kurdish rebels in northern Iraq, as well as a second wave of abductions in major oil producer Nigeria.
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TORONTO - Crude oil prices hit an all-time high Tuesday, pushing past the psychological barrier of $50 US per barrel during Asian trading.
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In Asian trade, US light crude hit $50.28 a barrel, the highest since the record $50.47 one week ago. London&#39;s Brent crude opened higher Tuesday, up 46 cents at $46.
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Rising oil prices are expected to hit China's growth rate this year.