Gas Prices Jump As Ivan Disrupts Supply
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Gas prices jumped more than 5 cents a gallon in the past two weeks, largely because of supply problems related to Hurricane Ivan, an industry analyst said Sunday.
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Crude futures prices surged above $48 per barrel yesterday as oil production and shipping disruptions caused by Hurricane Ivan caused domestic supplies to shrink more than expected.
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World crude prices have risen amid fears that supplies from the oil-rich Gulf of Mexico could be disrupted by Hurricane Ivan. Energy companies have evacuated thousands of offshore workers and shut down some production in the region.
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Crude oil futures in New York vaulted up 3.9 percent Friday, as supply fears continued to rattle the market following Hurricane Ivan.
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Oil prices jumped more than a dollar,  climbing above $48 a barrel Wednesday after U.S. data showed  the disruption caused by Hurricane Ivan had eaten into fuel  stocks.
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World oil prices climbed on Monday as  companies operating in the U.S. Gulf of Mexico braced for  output disruptions from powerful Hurricane Ivan.
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Hurricane Ivan blew oil prices back above &#36;44 a barrel on Tuesday, fueling fears of disruption to supplies and giving European investors an excuse to take profits from stock markets at 10-week highs.
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The price of oil jumped to another high on Monday, in part because of dramatic disruptions caused by hurricanes whipping through the Gulf of Mexico.
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The price of crude oil rose to a record high yesterday even as the Bush administration agreed to tap the nation&#39;s emergency oil stockpile because of supply problems caused by Hurricane Ivan.
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Oil prices were hovering close to last weekâs record high today after breaking through the $50 mark again. Production problems in the Gulf of Mexico due to the impact of Hurricane Ivan continued to have
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London - Oil prices climbed on Thursday, reversing some of the losses seen late the previous day as disruption to production in the Gulf of Mexico continued due to Hurricane Ivan.
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Oil&#39;s record-breaking rally lifted US crude beyond $52 a barrel on Wednesday, fueled by the impact of Hurricane Ivan on US winter inventories.
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World oil prices rose on Thursday as  Hurricane Ivan reached the U.S. Gulf Coast, shutting more than  1 million barrels daily of output in the Gulf of Mexico and 13  percent of U.S. refining capacity.
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Crude oil was little changed after rising 2.5 percent yesterday as the approach of Hurricane Ivan disrupted production and tanker shipments in the Gulf of Mexico, where a quarter of US oil and natural gas is pumped.
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World oil prices rose on Thursday on worries about oil production shut by Hurricane Ivan and a new storm that could delay imports from entering the Gulf of Mexico.
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Hurricane Ivan, with winds near 140 mph, pushed oil prices higher today as it moved through the Gulf of Mexico on a path that may bring it ashore between Louisiana and Florida by Thursday.
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LONDON  - World oil prices climbed on Monday as companies operating in the U.S. Gulf of Mexico braced for output disruptions from powerful Hurricane Ivan.