Oil Steady as Winter Worries Stem Decline
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Oil prices were steady on Thursday as  concern over lean heating fuel supplies in the United States  and Europe ahead of winter stemmed falls of nearly $10 since  late October.
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Oil futures stabilized Thursday after a jump that reflected a drop in US crude and heating oil stocks amid rising demand fueled by cold weather spreading across the US Northeast and Midwest.
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U.S. oil prices were steady on  Thursday, holding gains of nearly $2 from a day earlier after a  U.S. government report showed crude oil stocks falling to their  lowest level in five months.
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Oil prices edged lower on Wednesday as traders waited to see whether the first cold snap of the US winter had eaten into low heating fuel supplies.
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Oil prices held steady on Tuesday,  supported by anxiety over Middle East and Russian supplies and  forecasts for a chillier first quarter in the United States  after a mild start to the winter.
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Oil prices slipped on Monday but held  above $49 a barrel as easing concerns about a winter supply  crunch pulled the market further away from record highs set two  weeks ago.
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Oil prices dropped nearly 6.5 percent in thin holiday trade on Monday as forecasts of a return to mild winter weather in the US Northeast eased worries about heating oil supplies.
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Oil prices held steady on Thursday unfazed by a fall in crude supplies in the United States, where stocks are more than 20 million barrels above levels a year ago.
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Oil prices held firm around $55 a  barrel on Wednesday as traders braced for the start of the  northern winter with thin heating oil supplies.
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Oil prices held firm on Tuesday on concerns about another cold snap in the United States and possible supply disruption in the Middle East and Russia.
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Crude oil prices have resumed their upward trend amid continuing worries about supplies for the northern hemisphere&#39;s approaching winter.
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NEW YORK : Oil prices cooled in the wake of sharp spikes last week amid cold weather forecasts for the United States and Europe, but traders said the market remained edgy despite the declines.
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Oil prices steadied on Tuesday, after  sliding 3 percent on Monday as forecasts of continued mild  winter weather in the United States soothed concerns over low  heating oil stocks.
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Oil prices fell 5 percent on Monday as forecasts of a return to mild winter weather in the U.S. Northeast eased worries about heating oil suppplies.
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Oil prices fell on Tuesday as an  expected increase in U.S. heating fuel supplies eased concerns  over an inventory crunch should this winter's weather prove  colder than normal.
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Oil prices were little changed on Thursday, holding above &#36;43 a barrel despite latest data showing rising stocks of winter heating fuels in the United States as mild weather suppressed demand.
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Oil prices resumed this week's upward  march on Friday, driven by worries that a new U.S. cold spell  might erode already low winter fuel inventories.