Oil jumps again as cold weather lingers
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NEW YORK - Crude oil futures gained more than $2 US a barrel Friday as slumping inventories and frigid forecasts pushed oil to its highest level of the month.
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BEIJING, Dec. 30 -- Crude oil rose for a second day after forecasters said weather next week in the US Northeast, where 80 per cent of the country&#39;s home heating oil is used, may be colder than predicted.
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Oil prices edged up toward $48 a  barrel early on Friday as worries that an early or severe  winter could stress low winter fuel stocks helped staunch the  market's $8 tumble from record highs.
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Oil prices made fresh gains on Friday after leaping almost $2 a day earlier the US government said crude stocks sank for the sixth straight week last week and distillate fuels barely grew ahead of winter.
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Oil prices rose on Monday as cold  weather in the U.S. northeast pushed heating oil prices higher  and after sabotage again disrupted Iraq's oil exports.
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Oil prices extended a bounce from three-week lows on Monday, climbing back above $52 for US crude amid jitters over tight global winter fuel stocks and this week&#39;s US presidential election.
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Oil prices edged higher yesterday, lifted by chilly weather across the Midwest and Northeast that is boosting the demand for heating fuel.
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Oil prices climbed above $42 a barrel on  Wednesday, rising for the third day in a row as cold weather  gripped the U.S. Northeast, the world's biggest heating fuel  market.
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Oil prices steadied above &#36;48 a barrel on Wednesday as a cold snap in the U.S. Northeast overshadowed an expected build in crude and product inventories.
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LONDON  - Oil prices firmed, rising briefly above 50 dollars in New York, supported by supply disruptions to operations in the North Sea, making markets nervous heading into the northern winter.
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Oil prices rose for the second day in a row on Thursday with an Arctic blast forecast to hit the United States next week, ramping up demand for heating fuels.
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Crude oil futures rose for a second day amid speculation demand for heating oil may gain in the US after weather forecasters said unseasonably warm weather predicted this week will end in early January.
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Oil prices rose well over a dollar on  Friday, spurred by worries a cold spell in the United States  could erode already depleted winter fuel inventories.
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Oil prices held firm near six-week highs  on Friday after a six percent jump on Thursday driven by  concern that a looming U.S. cold snap will test low U.S. fuel  stocks.
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Oil prices climbed above $42 a barrel  on Wednesday, rising for the third day in a row as the heavy  consuming U.S. Northeast feels the first chills of winter.
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Oil prices made fresh gains Friday, after leaping almost $2 a day earlier, as the US government said crude stocks sank for the sixth straight week last week and distillate fuels barely grew ahead of winter.
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Oil prices resumed this week's upward  march on Friday, driven by worries that a new U.S. cold spell  might erode already low winter fuel inventories.