Oil prices drop below US$44 in Asia as supply worries ease
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SINGAPORE : Crude oil prices fell in Asian trading on Monday after a three-day Christmas break as investors digested further the surprise rise in US petroleum stocks.
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World oil prices fell Monday on easing supply fears, as crude exports from Iraq&#39;s southern pipelines resumed close to normal levels, analysts said.
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OIL prices were easing back from their recent record highs yesterday as the cost of a barrel dipped below the $46 mark.
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Oil prices came within a whisker of   retesting a near six-month low of $63 on Friday as supply   worries eased, knocking gold to three-month lows and dragging   resource shares such as Japan's INPEX lower.
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Singapore: Crude oil prices slipped below 46 dollars a barrel in Asian trade today on increasing hopes of adequate heating fuel supply during the northern hemisphere winter, dealers said.
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US 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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Oil prices hover just below Monday's record peaks in Asian trade, amid continued concerns over global supply shortages.
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Oil prices tumbled to an 11-week low below $45 a barrel on Thursday, deepening a dramatic slide after an increase in US heating oil stocks eased worries of a winter supply squeeze.
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Oil prices eased on Tuesday, as  Middle East cyclone fears waned, but concerns over gasoline  supply in the United States kept crude above the $70 mark.
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Oil fell back below $50 on Thursday, resuming a downturn that has cut prices 11 percent from record highs and ending a brief rally following President Bush&#39;s US election victory.
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Oil prices fell to a four-week low yesterday, briefly dropping below $50 a barrel, as traders grew less concerned about possible threats to supplies.
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The price of oil sank for the fourth consecutive day yesterday amid profit taking and easing concerns about supply, dipping below $44 US a week after it threatened to hit $50 US.
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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.
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Oil prices fell below $48 a barrel Wednesday after the US government reported increases in the nation&#39;s supply of crude oil and distillate fuel, which includes heating oil.
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Oil prices fell more than a dollar to  under $43 a barrel on Monday as unusually mild winter weather  in the United States eased fears that thin heating fuel  stockpiles could prove inadequate.
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SINGAPORE--Crude oil prices fell in Asian trading Monday as investors discounted initial worries over the prospects for a cold winter in the northern hemisphere and rising violence in Iraq, dealers said.
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Oil prices steadied below $70 on   Wednesday as dealers weighed tensions over Iran's nuclear   program against robust crude inventories in the United States,   the world's largest energy consumer.