Oil Holds Near Record Level
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Oil prices simmered near new record  highs Monday even though early reports of victory for  Venezuelan President Hugo Chavez in a referendum on his rule  eased fears that unrest could upset the country's oil exports.
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The price of oil has continued its sharp rise overnight, closing at a record high. The main contract in New York, light sweet crude for delivery next month, has closed at a record $US46.75 a barrel - up 70 cents on yesterday&#39;s close.
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Crude oil in New York traded near a record after exceeding $50 a barrel yesterday on threats to Nigeria&#39;s oil output and as US production remains lower than normal because of damage from Hurricane Ivan.
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Oil prices held strong on Friday not far below $55 as traders worried time is running out to top up low heating oil inventories before winter.
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Oil prices moved back towards record highs tonight amid continued concerns over soaring demand and tight supplies.
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Oil prices clung near the &#36;49 mark on Tuesday, pausing from a 12 percent slide from record highs ahead of key mid-week data on the health of winter fuel stockpiles in the leading consumer, the United States.
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Oil prices have neared last week&#39;s record high after bouncing back above the $50-a-barrel mark despite a peace deal between rebel gangs in Nigeria.
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NEW YORK, October 12  - World crude oil prices continued their upward rally today above $54 per barrel, rising to new record high levels for the sixth consecutive day.
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Oil prices were hovering close to last weekâs record high today after breaking through the 50 US dollars mark again. Production problems in the Gulf of Mexico due to
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Oil prices held strong above $53 a  barrel on Wednesday as worries over a winter supply crunch  countered expectations that high fuel costs would curb growth  in petroleum demand next year.
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Oil prices held near historic highs over &#36;53 a barrel on Tuesday, with global supplies hounded by outages that were thwarting efforts to build U.S. heating oil inventories ahead of the winter.
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Oil was steady on Thursday, hovering  nearly $2 shy of its record high of $89 a barrel as one OPEC  minister raised the prospect of another output increase and  U.S. data showed rising inventories and weak demand.
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Oil jumped to a record high near $94 a barrel on Monday as stormy weather disrupted supplies from giant exporter Mexico and the dollar wallowed near record lows.
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LONDON  - Oil prices remained stubbornly above 54 dollars, creeping up towards new record summits on worries of a winter supply crunch after a fifth straight weekly fall in US heating fuel stockpiles.
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Oil held near $80 a barrel on Friday,  within sight of record-high levels as a hurricane knocked out  U.S. Gulf refineries, deepening supply woes already caused by  lower crude stocks in the world&#39;s top consumer.
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Though oil prices have eased slightly, they remain close to record high points approaching $55 a barrel. World oil prices have more than doubled from about $20 a barrel in New York at the start
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Crude oil in New York traded near Friday s record close amid concern growing Chinese demand may strain supplies at a time when spare global production capacity is limited.