Oil Hits $53 High on Supply Worries
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Oil prices set a new record today on concerns over tight winter heating fuel supplies and news that a strike in Nigeria could put some crude exports on hold.
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Oil prices jumped to record highs  above $54 on Tuesday as supply hitches hindered efforts to  build winter heating fuel inventories. They later shed over a  $1 a barrel as traders took profits from the surge.
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The Toronto stock market was on positive ground this morning as energy stocks continued to benefit from record high oil prices that hit $53 (US) a barrel.
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Oil  breaches the $81 a barrel mark on worries about rising demand amid constrained supply.
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Oil prices stayed on the boil above  $53 a barrel on Monday, bolstered by persistent anxiety over  OPEC member Nigeria and the nearly month-long loss of a quarter  of U.S. Gulf of Mexico production, traders said.
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Oil prices held steady above $53 a barrel  on Wednesday as worries over a winter supply crunch countered  expectations that high fuel costs would curb growth in  petroleum demand next year.
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Oil prices set a new record at $53 a  barrel on Thursday on concerns over tight winter heating fuel  supplies and news that a strike in Nigeria had put some crude  exports on hold.
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The price of crude oil 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 broke into fresh record  territory above $52 Thursday on heightened concerns over tight  winter heating fuel supplies.
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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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Crude oil rose to $53.54 a barrel in electronic trading, up 23 cents from its record settlement price of $53.31 set on Friday.
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NEW YORK, October 25  - Crude oil prices increased to new record high levels at $55.63 per barrel today, driven by concerns surrounding a potential disruption in supplies due to a shipping strike in Norway, the world&#39;s third-largest oil
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Benchmark light, sweet crude futures for November rose 33 cents to settle at a new record high of $53.64 a barrel, after reaching an intraday high of $53.
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Crude oil prices surged past an unprecedented US$55 per barrel yesterday as uncertainty swirls over production, high demand and tight global supplies ahead of the Northern Hemisphere winter.
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The price of crude oil surged past $55 a barrel Monday as uncertainty swirled over production, high demand and tight global supplies.
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Oil prices scaled new heights at $53 for US crude on Thursday on concerns over tight winter heating fuel supplies and an unexpected strike at Nigerian oil terminals.
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Oil prices broke into fresh record territory above $52 on Thursday on heightened concerns over tight winter heating fuel supplies.