Oil prices hit lowest level in 7 weeks
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Crude oil futures tumbled below $48 a barrel yesterday, closing at their lowest level in seven weeks, on rising expectations that the US supply of transport and home-heating fuels will be adequate this winter.
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Oil prices rebounded from a seven-month low yesterday as violence in Nigeria stoked supply concerns.
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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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Inflation slowed to its weakest pace for seven months in May, as lower domestic energy prices sparked the second monthly drop in a row.
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Oil prices fell on Monday to an 8-week  low under $47 a barrel, as growing fuel stocks in the United  States eased fears of a winter supply crunch.
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U.S. retail gasoline prices fell to  their lowest level in three months and the cost of diesel fuel  dropped below $2 a gallon for the first time in 12 weeks, the  Energy Department said on Monday.
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Traders brace for another rise in US crude, natural gas stocks, IEA says prices may have peaked. LONDON  - Oil prices fell to seven-week lows Wednesday, below $47 a barrel, as traders braced for another
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Oil futures prices sank to their lowest level in nearly a month Monday on a continuation of the selloff sparked last week by rising US supplies of crude and easing fears about the refining industry&#39;s ability to satisfy heating oil demand.
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London Brent crude slid below $58 on Tuesday but remained in a $57-$60 a barrel range that has defined the market for the past three weeks.
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Crude oil futures tumbled below $48 US a barrel Tuesday, closing at their lowest level in seven weeks, on rising expectations that the US supply of transport and home-heating fuels will be adequate this winter.
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Crude oil futures slid Thursday to their lowest levels in more than two weeks as concerns over supplies ahead of the Northern Hemisphere winter eased because of a rise in US inventories.
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Oil fell below $71 a barrel on Friday, reversing an earlier gain, as restarting oil refinery units in top consumer the United States signaled an increase in gasoline supplies.
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U.S. Treasury yields hit their lowest level in almost seven months on Monday as record high oil prices clouded the outlook for global economic growth.
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London: World oil prices plummeted to the lowest levels for three months on Friday, shedding almost three dollars in New York, as fears of an evaporating supply crunch sent investors packing, analysts said.
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Oil prices on both sides of the Atlantic have fall to some of their lowest levels in eight weeks, as shortage fears ease.
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A fall in the price of crude oil pushes UK raw material prices to their lowest level in two years, official figures show.
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Oil prices tumbled again on Monday to an  8-week low under $46 a barrel, as growing fuel stocks in the  United States eased fears of a winter supply crunch.