Oil Near $52 on Winter Fuel Fears
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Oil prices extended record-setting highs  close to $52 a barrel for U.S. crude on Wednesday, fueled by  the impact of Hurricane Ivan on U.S. winter inventories.
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U.S. oil prices hovered near $47 a  barrel on Wednesday, awaiting data that was expected to show a  big drop in fuel stocks in the United States due to  weather-related disruptions to output and shipments.
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Oil prices held around $41 a barrel on  Tuesday as colder weather in the U.S. brought temperatures more  into line with seasonal norms, spurring heating oil buying.
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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 futures prices briefly topped $55 US a barrel Wednesday after a report showed American supplies of distillate fuel, which includes heating oil and diesel, shrank for a fifth straight week, heightening fears of a winter-fuels crunch.
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Oil prices broke into new record  territory above $52 Thursday on heightened concerns that  supplies of heating fuels will prove inadequate during the  northern hemisphere winter.
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Oil prices jumped nearly two dollars  on Thursday after the U.S. government said crude stocks fell to  a fresh five-month low last week and distillate fuel  inventories barely grew ahead of winter.
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Oil prices inched closer to $50 a barrel Thursday even as the Bush administration considered tapping the nation&#39;s emergency stockpile of crude on behalf of refiners whose supply was disrupted by Hurricane Ivan.
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US 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 $50 a barrel.
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Oil prices ticked higher on Tuesday, holding above &#36;42 a barrel as dealers awaited signs of any renewed cold snap that would revive demand for winter heating fuels in the United States.
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Oil's record-breaking rally took U.S.  crude over $52 a barrel on Wednesday, a new all-time high,  fueled by the impact of Hurricane Ivan on U.S. winter  inventories.
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Oil prices scaled new heights at $53 for  U.S. crude Thursday on concerns over tight winter heating fuel  supplies and an unexpected strike at Nigerian oil terminals.
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Oil prices simmered near $55 a barrel  on Friday on rising fears of a winter fuel supply crunch and  robust but slowing economic growth in China, the world's number  two oil user.
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Crude oil futures finished above 53 dollars a barrel Friday as traders were unsettled about winter fuel supplies in the United States and labor-government confrontation in Nigeria.
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Oil prices fell Monday, nearing a  7-week low just 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.
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Oil's record-breaking rally took U.S.  crude over $52 a barrel on Wednesday fueled by the impact of  Hurricane Ivan on U.S. winter inventories.
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Oil prices fell on Monday to an 8-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.