Oil price eases below 50 dollars amid election jitters
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LONDON  - Oil prices continued their retreat, dipping below 50 dollars in New York as Americans voted in a presidential election expected to send ripples through oil markets.
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Oil prices fell sharply last night, taking US crude below $50 ahead of the US presidential election. US light crude dipped as low as $49.
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Oil has leapt back above $50 as President George W. Bush edges towards US election victory, a result which traders. say will bolster fuel demand and underpin anxiety over security of Middle East supply.
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Oil prices eased below $62 on Monday, extending last week's losses, as concern over brimming global fuel inventories offset a likely second supply cut by OPEC and news of deepening Saudi export curbs.
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Oil prices fell more than one dollar to sit just above $43 a barrel Monday as unusually mild winter weather in the United States eased fears that thin heating fuel stockpiles might prove inadequate.
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Oil prices eased on Wednesday on mild  U.S. weather as traders waited to see whether the first cold  snap of the U.S. winter has eaten into low heating fuel  supplies.
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Oil prices extended their bounce from three-week lows on Monday, climbing back above $52 amid jitters over thin global winter fuel stocks and this week&#39;s presidential election.
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U.S. oil prices hovered just below  $50 a barrel on Tuesday, holding recent gains on a rash of  crude supply outages and fears over thin heating oil tanks.
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Uncertainty ahead of the U.S.  presidential election is playing some role in high oil prices,  but don't expect a big energy sell-off after the ballots are  counted, oil experts said on Tuesday.
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Crude oil prices have dipped in New York, sliding as much as two dollars to around $50 a barrel. That&#39;s extending declines seen last week despite concerns that a planned strike in Nigeria could affect output.
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Oil prices slid on Thursday after a  bigger-than-expected rise in U.S. fuel inventories soothed some  worries of a winter squeeze, but the fall was limited by an  upcoming OPEC meeting and Iraqi elections.
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U.S. oil prices hovered just below &#36;50 a barrel on Tuesday, holding recent gains on a rash of crude supply outages and fears over thin heating oil tanks.
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Oil prices eased on Thursday, trimming gains from a $1 rally the previous day following President George W. Bush&#39;s US.election victory.
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Oil prices eased to $45 a barrel on  Tuesday, extending a profit-taking set-back despite a looming  cold spell in the eastern United States and global supply  outages.
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Oil prices edged lower in thin early  trade on Wednesday, keeping within sight of $50 a barrel on  supply worries in the United States, where weekly data is  expected to show a draw in distillate inventories.
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OIL prices eased, trimming gains from a US$1 rally the previous day following President George Bushâs US election victory. US light crude eased 19 cents to $50.
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NEW YORK - Oil fell back below US$50 on Thursday, resuming a downturn that has cut prices 11 per cent from record highs and ending a brief rally following President George W. Bush&#39;s US election victory.