Crude prices rise above US$54 on supply fears
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Crude oil prices rose above US$54 Thursday on speculation sparked by a pipeline explosion in Mexico and a continued work stoppage in Nigeria.
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(09/27/04)-- Crude oil prices are on the rise again, this time because of supply fears. In early trading Monday, a price spike nudged a barrel to within four cents of the all-time high of $49.
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Oil prices flew back above $54 a barrel on Wednesday as a fresh fall in US heating oil stocks stoked worries over winter supplies.
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Crude oil prices rose Wednesday even as the government report showed a sharp increase in US inventories of crude oil. On the New York Mercantile Exchange, crude futures for
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Oil prices climbed back to $54 a barrel on Thursday as a US government report showed another fall in heating fuel stocks ahead of winter.
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Nagging concerns about tight heating oil supplies and increasing pressure within OPEC to rein in overproduction sent oil prices above US$43 a barrel on Thursday.
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Crude oil rose, extending a 4.7 percent gain in London yesterday, the biggest in seven weeks, amid concern that a larger-than-expected decline in US inventories last week reduced supplies available for production of heating fuels.
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NEW YORK, October 12  - World crude oil prices continued their upward rally today above $54 per barrel, rising to new record high levels for the sixth consecutive day.
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Oil prices held overnight at slightly higher levels after a mixed report yesterday on US inventory levels. Crude for December delivery spiked to USD47 a barrel in New York last night after the figures, but
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Crude oil prices surged past an unprecedented 55 dollars per barrel today as uncertainty swirls over production, high demand and tight global supplies.
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NEW YORK, November 22  - Crude oil prices increased to near the $50 per barrel mark this morning, amid renewed concerns surrounding a potential shortfall in the heating fuel supplies this winter.
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World oil prices hit new records above $50 a barrel Tuesday amid fears that problems in oil-producing nations mean that oil supplies may not meet strong demand.
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Oil prices rise above $71 a barrel as fears intensify over Mid-East instability and insufficient supply in the US.
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Oil prices climbed back to $50 on  Tuesday, pushed higher by supply outages in the North Sea and  fears about low stocks of winter heating fuels.
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Oil prices set historic highs near  $54 a barrel Tuesday, with global supplies hounded by outages  that were thwarting efforts to build U.S. heating oil  inventories ahead of the winter.
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LONDON: Oil prices extended record-setting highs above US$51 for US crude yesterday, led by worries over the impact of Hurricane Ivan on US winter fuel stocks.
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The price of crude oil surged past $55 per barrel Monday on lingering supply fears in trading in Asia.