Mexican analyst: crude oil prices to go up
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Prices of crude oil on the world market will go up after the Organization of Petroleum Exporting Countries (OPEC) decided Friday to cut oil production by1 million barrels a day, said a Mexican analyst on Sunday.
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NEW YORK -- Crude oil prices have resumed their climb after word that the nation&#39;s crude supply grew for the second week in a row.
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Aug. 20 (Bloomberg) -- Crude oil futures in New York will probably rise next week, after setting records every day except one since July, on concern that shipments will be curtailed as demand grows, a Bloomberg survey of traders and analysts showed.
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Oil will continue to trend higher  after hitting fresh highs over $82 a barrel but is unlikely to  puncture the $100 level this year, Texas oilman and investor T.  Boone Pickens said on Wednesday.
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CRUDE oil prices are expected to fall rather than rise, despite the latest decision of the oil producers&#39; cartel to reduce supplies coming on to the market.
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Supplies of crude oil continue to swell in the United States, but don't expect that to translate into lower gas prices any time soon, one expert says.
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Another round of petrol price rises could be looming after crude oil prices hit the $US50 a barrel mark over the weekend. Oil prices are at their highest in more than 20 years due to supply concerns in Nigeria
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An African-based investment analyst says further rises in global oil prices are likely, given the growing possibility of civil war in the world&#39;s sixth-largest oil producer, Nigeria.
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Crude oil rose on Monday in New York as market concerned that the approach of Hurricane Ivan woulddisrupt production and tankers shipments in the Gulf of Mexico.
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LOS ANGELES - Gasoline prices have climbed nearly 8 cents a gallon in the last two weeks because of record-high crude oil prices, and they are likely to continue rising, an industry analyst said Sunday.
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NYMEX crude oil futures jumped 36  cents in electronic trading on Monday evening to the  psychological $50 a barrel level, the highest in the 21 years  oil futures have traded on the exchange, as Nigerian rebels  decided an "all-out" war against the government starting Oct.  1.
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Next stop, fifty bucks. Analysts said crude futures could climb that high today, pushed to the psychological barrier of $50 US a barrel by speculative buying amid escalating threats to Iraq&#39;s oil infrastructure.
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Crude oil futures prices rose Wednesday because of lingering concerns about heating oil supplies and fears that OPEC could rein in output when it meets later this week.
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NEW YORK - Crude-oil futures rallied back above $53 late on Wednesday on speculation and panic sparked by an oil-line explosion in Mexico.
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Crude oil prices rose for a third day in four yesterday amid concern about the loss of production and possible damage from Hurricane Ivan, which passed just east of Gulf of Mexico production platforms.
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record-high crude oil prices, and they are likely to continue rising, an industry analyst said Sunday. From Sept. 24 through Friday, the combined national average for all grades of gas rose from $1.
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Crude oil prices rose above 54 US dollars Thursday on speculation sparked by a pipeline explosion inMexico and a continued work stoppage in Nigeria.