Oil prices cool in volatile trading
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NEW YORK : Oil prices cooled in the wake of sharp spikes last week amid cold weather forecasts for the United States and Europe, but traders said the market remained edgy despite the declines.
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WASHINGTON -- Oil prices tumbled for a third consecutive day yesterday, briefly falling below $45 a barrel, as geopolitical concerns that had brought the market to a boil in recent weeks appeared to cool off.
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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 slipped further from record highs on Wednesday as traders locked in profits after the market's &#36;10 surge since mid-August.
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Oil prices were little changed on Friday, holding around $59 a barrel after tumbling on a build in crude stocks, but trade was muted by a U.S. holiday.
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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 slipped toward $54 a  barrel on Tuesday as traders breathed easier after a Norwegian  strike threat receded but remained anxious over the thin state  of global pre-winter heating oil supplies.
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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 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 fell to $61 a barrel in choppy trading yesterday as brokers weighed a healthy supply-demand balance against the possibility of an OPEC production cut.
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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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Oil prices held firm on Friday after  leaping almost $2 a day earlier as the U.S. government said  crude stocks sank for the sixth straight week and distillate  fuels barely grew ahead of winter.
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LONDON SEPTEMBER 6: Oil prices eased on Monday as speculative funds continued to take profits but a tight global supply picture stopped the selling from gaining much momentum.
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Oil prices dropped nearly 6.5 percent in thin holiday trade on Monday as forecasts of a return to mild winter weather in the US Northeast eased worries about heating oil supplies.
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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 turned lower Monday as traders apparently shrugged off worries about whether production cuts by two key producing nations were harbingers of further restrictions by OPEC members.
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Oil prices slipped on Monday but held  above $49 a barrel as easing concerns about a winter supply  crunch pulled the market further away from record highs set two  weeks ago.