Oil falls as warm weather looms
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NEW YORK -- Oil prices pulled back after briefly surpassing $62 a barrel yesterday, as traders regarded forecasts of warm US weather as an opportunity to take some profits.
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Oil prices eased on Friday as swelling  crude stockpiles countered worries over a cold snap in the U.S.  Northeast that is expected to keep furnaces fired up until the  middle of next week.
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Crude oil fell to a three-month low on speculation that warm weather and increased refinery production have bolstered US heating-oil stockpiles.
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U.S. oil prices slid more than half a  dollar to below $44 a barrel on Monday as unusually mild winter  weather in the United States curtailed demand.
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Oil prices fell 3.5 percent to a three-month low Tuesday as mild winter weather sapped heating oil demand in the US Northeast. US light crude settled down $1.52 at $41.46 a barrel, the
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Oil futures retreated below $50 a barrel yesterday, though analysts said there is enough uncertainty about geopolitics and weather -- and the industry&#39;s
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Oil prices fell Thursday, failing to top the $100-a-barrel mark, despite a larger-than-expected fall in crude inventories.
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Oil futures skidded lower Thursday on growing concerns that a U.S. economic slowdown is imminent and will depress demand.
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Oil prices dropped again on Friday,  bringing this week's slide to nearly 15 percent, as warm  weather in the U.S. Northeast and disappointing U.S. jobs data  darkened prospects for energy demand.
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Oil prices slid $2 on Monday on  expectations that more mild U.S. weather at the start of the  New Year will limit heating oil demand.
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Oil prices fell on Thursday as the U.S.  government considered whether to release crude from the U.S.  petroleum reserve after Hurricane Ivan sliced into supplies.
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The price of heating oil isn't falling as fast as the price of gasoline, but it's starting to drop.
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NEW YORK - Oil prices fell nearly US$2 a barrel on Wednesday, dragged down by heavy losses in US petrol futures after summer driving demand in the world&#39;s largest consumer failed to meet expectations.
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The price of crude oil falls by more than a dollar in New York, as mild weather in northern US states eases demand for heating oil.
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OIL prices fell more than a dollar to a three-month low yesterday as mild winter weather sapped demand in the heavy energy consuming north-east of the United States.
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Oil prices fell on Thursday as forecasts  of mild U.S. weather prompted traders to take profits from a  rally that has added over 30 percent to the cost of crude this  year.
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Oil fell toward $61 on Tuesday on   robust U.S. inventories ahead of the winter heating season, but   producer group OPEC said the price slide from peaks this summer   had gone far enough.