Single trader behind oil record
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The man behind the record oil price was a lone trader seeking a minute of fame, observers say.
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PARIS Oil prices hit a new record of nearly $51 a barrel in New York Tuesday as traders turned their attention to the Gulf of Mexico, where production is still suffering delays caused by Hurricane Ivan.
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Oil prices rallied to a record above &#36;55 a barrel Monday on concerns over a winter fuel supply crunch, and as traders took comments from a top U.S. official to mean high prices have yet to really dent U.S. demand.
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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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Brent crude, London's benchmark oil price, sets a new record of $47.42 a barrel in the face of US production problems.
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As October wears on and Halloween draws near, the oil and stock markets are getting more and more spooked. Crude oil hit another record Thursday, settling at $54.
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Oil prices hit a new record near $51 a barrel yesterday as a prolonged US production outage following Hurricane Ivan attracted fresh speculative buying.
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NYMEX crude oil futures struck another record at &#36;48.90 a barrel on Friday before the prompt-month expiry, as surging violence in Iraq sparked fresh concerns over supply disruptions.
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Brent crude hits a record $46 a barrel, and US light crude hovers just below its all-time high despite reassurances over supply from Opec.
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LONDON : Oil prices raced ahead to new record high levels in London and approached 50 dollars in New York as unrest in oil producers Nigeria and Saudi Arabia stoked supply worries, traders said.
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Oil futures were little changed after touching a record $50.47 a barrel on concern Nigerian rebels will follow through on threats to cut shipments from the fifth-largest supplier to the US.
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Crude oil futures traded near a record in New York as damage to pipelines and pumps on the Gulf of Mexico caused by Hurricane Ivan cut supplies before winter.
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Crude oil rose to a record for a sixth day, passing $54 a barrel in New York, as concern about US supplies grew after the International Energy Agency said demand this year is rising faster than expected.
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ARIS, Aug. 20  Oil prices hit a new record today after the Iraqi insurgency increased its pressure on the country&#39;s oil infrastructure and traders feared growing unrest might interrupt crude exports.
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Oil prices have hit record highs in the United States for the third straight day in early trading Thursday, amid continuing concerns about the supply of crude oil.
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U.S. oil futures set a new record &#36;47.01 a barrel on Wednesday after a new threat against Iraq's oil sector by rebel Shi'ite militia.  U.S. crude traded up 26 cents to set a new high in the 21-year history of the New York Mercantile Exchange contract.
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Oil futures shot to a new record above $100 for the first time since Jan. 3 as investors bet that crude prices will keep climbing despite evidence of plentiful supplies and falling demand.