Update 12: Crude Oil Climbs Above $50 in Asia
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Crude oil prices climbed above the key $50 mark in Asian trade Tuesday, creeping close to an all-time high as worries continued over supply and unrest in key oil producing areas.
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Crude oil futures rose to within a quarter of $50 a barrel Monday after a gas leak shut down a North Sea oil production platform and as traders weighed concerns about heating oil supplies against the fact that temperatures have been mild in recent weeks.
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Oil prices struck a fresh record high  above $47.50 a barrel on Thursday as fresh evidence of demand  growth in China and India underlined how rising appetite for  oil is straining the world's supply system.
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Oil prices marched toward $50 a  barrel on Friday, weighing on Asian stock markets as investors  fretted over the impact of high energy costs on corporate  profits, consumer spending and economic growth in general.
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LONDON: World oil prices surged into new record territory above $50 a barrel Tuesday as traders took fright at a multitude of supply threats, including unrest in Nigeria and recent hurricanes.
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Oil prices briefly climbed back over $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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U.S. crude oil futures broke through  $50 to a new record on Tuesday, on worries over supply  disruptions from Nigeria and other major producers.
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SINGAPORE - The price of crude oil surged past an unprecedented $55 per barrel Monday amid continued uncertainty over production, high demand and tight supply globally.    The price of crude for November delivery on the New York Mercantile Exchange reached $55.02 per barrel mid-morning in Asia, up 9 cents from its settlement price on Friday...
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NEW YORK, November 1  - World crude oil prices rose in Asia trading this morning, with the Nigerian oil unions beginning their protests in a build-up to a nationwide general strike planned for later this month.
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Crude oil prices set fresh records as  US light crude tops $50 a barrel in Asian trade and Brent sticks close to $46.
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Crude oil reached a new high in Asian trade Thursday, hitting $52.38 US per barrel as the market took stock of reports of a possible strike in Nigeria and the sluggish revival of output in key Gulf of Mexico oil fields following hurricane
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CRUDE oil prices pushed past the psychologically important $US50-per-barrel mark today and hit an all-time high as the market reacted to the slow recovery of US production in the Gulf of Mexico following Hurricane Ivan as well as unrest in key oil
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Crude oil continued to move upwards to fresh highs in Asian trade today, hitting a new mark of $52.53 US per barrel as the market took stock of a possible strike in Nigeria and the sluggish revival of output in key Gulf of Mexico oil
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Asian shares ticked higher on Tuesday as oil paused in its near-daily record climb, providing investors a chance to buy banks and some semiconductor shares such as NEC Electronics Corp.
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CRUDE oil prices surged past US$50 a barrel for the first time yesterday to a new record high, raising concerns that higher energy costs could slow the global economy next year.
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Crude oil climbed back over $50 a  barrel on Thursday, with worries over the security of Nigerian  supplies supporting prices despite a surprise increase in U.S.  crude inventories.
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U.S. blue chips were higher on  Tuesday, led by shares of major oil producers benefiting from  higher crude oil prices, which broke through the $50 a barrel  mark.