Oil Slips Below $47/bbl to 7-Week Low
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Oil prices fell on Monday to a 7-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.
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Oil fell more than a dollar to below $60 a barrel on Tuesday, nearing a seven-month low on forecasts of a further increase in fuel inventories in top oil consumer the United States.
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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 prices fell to a six-month low   under $60 a barrel on Monday as BP's move to restore output at   Prudhoe Bay earlier than expected added to a sense of healthy,   secure supplies, while demand growth questions loomed large.
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Oil prices dip below $62 a barrel amid mixed signals over the possibility of further production cuts.
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Oil prices slid to 7-week lows on  Tuesday as growing signs of ample supply eased concerns over  fuel stocks for the northern winter.
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Oil prices fell to seven-week lows  near $47 a barrel on Wednesday as traders braced for another  increase in U.S. oil and gas inventories.
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Oil prices tumbled again on Monday, sliding to an 8-week low under $46 a barrel, as growing fuel stocks in the United States eased fears of a winter supply crunch.
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SINGAPORE: Oil prices slid to a five-week low on Friday, continuing a downturn that has slashed almost 13 per cent from record highs as rising stockpiles have eased worries of a winter supply crunch.
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Oil fell more than $1 to below $77 a barrel on Monday after some funds booked profits as OPEC expressed concern over near record prices and pledged to pump more crude if needed.
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Oil slid below $63 a barrel on Friday   touching its lowest level since March as U.S. fuel stockpiles   grew ahead of winter and investors probed for a price that   would trigger an OPEC supply cut.
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Oil fell below $60 on Friday, reversing course from the previous day as traders weighed OPEC's plans to cut production by 1 million barrels per day (bpd) against overflowing stockpiles.
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Crude oil futures fell below $47 a barrel yesterday as the US government's latest petroleum report showed an unexpected rise in gasoline inventories and a surprising decline in the nation's oil supply.
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Oil prices fell on Monday to a seven-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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Light crude dips but remains less than a dollar shy of an all-time high reached earlier this week. LONDON  - Oil prices remained just below record highs on Friday amid concern over possible conflict
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On Wednesday, the Energy Department reported a 7.1-million barrel drawdown in oil supplies for the week ended Sept. 10. As of the latest report, oil supplies stood at a seven-month low.
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Crude oil futures traded below $49 a barrel Monday following a steep runup on Friday that was prompted by persistent concerns about winter fuel supplies.