Oil slips under $58 as U.S. winter fuel worries ease
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Oil prices edged lower on Thursday,  adding to a near 2 percent sell off the previous day caused by  a smaller-than-expected drop in U.S. heating fuel inventories.
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U.S. oil prices were slightly softer on Monday after a four-day break, but the threat of a cold winter stretching persistently low global heating oil inventories kept the market within sight of &#36;50 a barrel.
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Oil prices eased again early on  Wednesday, hovering around $46 a barrel ahead of weekly U.S.  data expected to show fuel stocks rising in time for winter.
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Oil prices slipped toward $54 a  barrel on Tuesday, breathing easier after a Norwegian strike  threat receded but still anxious over the thin state of global  pre-winter heating oil supplies.
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Oil prices edged below $49 a barrel on  Wednesday as traders factored in expectations for petroleum  stock builds in weekly U.S. inventory data that would ease  supply worries ahead of peak northern winter demand.
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Oil prices steadied on Friday,  stemming heavy losses this week, with a bout of cold weather in  the United States expected to keep up demand for heating fuels  over the weekend.
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Oil edged above $58 a barrel on Thursday in volatile trade that has trapped prices in a narrow range.
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Oil prices steadied on Tuesday, after  sliding 3 percent on Monday as forecasts of continued mild  winter weather in the United States soothed concerns over low  heating oil stocks.
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Oil prices steadied on Thursday after  they had fallen three percent a day earlier when a surprise  increase in U.S. fuel stocks eased worries about meeting peak  winter demand.
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Oil prices eased on Wednesday on mild US weather as traders waited to see whether the first cold snap of the US winter has eaten into low heating fuel supplies.
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Oil prices declined on international markets on Thursday as reassuring levels of natural gas stocks eased fears of a winter energy crunch in the United States.
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Oil prices eased on Friday, but still  within sight of the $55-mark as traders feared time was running  out to top up low heating oil supplies before winter.
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Oil prices slipped further below $55  a barrel on Tuesday, breathing easier after a Norwegian strike  threat receded but still anxious over the thin state of  pre-winter heating oil supplies.
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Oil prices tumbled again on Monday, sliding to an 8-week low under &#36;46 a barrel, as growing fuel stocks in the United States eased fears of a winter supply crunch.
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Oil prices eased on Wednesday ahead of  U.S. stocks data expected to show a rise in heating fuel  supplies as mild winter temperatures suppressed demand in the  United States.
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Oil prices rebounded toward $58 on Thursday after freezing weather cut fuel stocks in the world's top oil consumer, the United States and as buyers re-emerged following a 2 percent sell-off the previous day.
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Oil prices fell on Monday to a 7-week low under $47 a barrel, as growing fuel stocks in the United States eased fears of a winter supply crunch despite a cold snap in North America at the weekend.