Oil prices mark time as trade restarts
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Crude oil futures marked time in Asia overnight, as traders awaited the reopening of US markets later today after a four day holiday weekend.
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NEW YORK -- Oil prices settled at the highest level in more than two months yesterday, as concerns over declining product supplies outweighed traders' worries about volatile global stock markets.
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NEW YORK -- Oil prices have moved to fresh record highs of almost $47 a barrel on concerns about potential supply disruptions in Russia and Iraq.
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Crude oil prices will top $US50 ($A69) a barrel for the first time this week, despite a slight fall in New York on Friday night, some analysts have predicted.
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Oil prices rebounded to $58 on Thursday after fuel stocks in the United States were cut by freezing weather and as buyers reemerged following a 2 percent sell-off the previous day.
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New York, Sept. 29 (NNN): Hitting fresh 21-year highs of more than $50 a barrel a day earlier, oil prices eased slightly on Tuesday but remained quite volatile as increased fighting in Nigeria forced several
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Oil prices hit fresh records again on  Monday, pushing London Brent crude above $50 for the first time  and extending a relentless rise that has added around 65  percent to the cost of crude this year.
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The price of Brent crude oil struck an historic peak of 86.28 dollars per barrel in trading here Thursday on renewed concerns over tight global energy supplies.
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Crude oil prices may fall this week as companies including Royal Dutch/Shell Group restart platforms and tankers resume shipments in the Gulf of Mexico after Hurricane Ivan
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LONDON : Oil prices resumed their march towards 50 dollars in New York as peace talks in major producer Nigeria and an unexpected rise in US crude inventories failed to ease traders&#39; fears about supply.
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WASHINGTON - Oil prices rose Thursday despite reports that refineries along the Gulf Coast, as well as production platforms in the Gulf of Mexico, that had been shut down were slowly being restaffed, as Hurricane Ivan proved to be less disruptive than feared.   "We've really not heard of any refineries in that area reporting any problems," and several are already being restarted, said Tom Bentz, a trader at BNP Paribas Futures in New York...
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Crude oil prices are back above the $47 a barrel mark after an energy market watchdog raised its forecasts for global demand.
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Oil steadied at a seven-day high of   just under $63 a barrel on Thursday, following the previous   day's $2 leap as traders awaited clearer signs from OPEC on   whether it would cut output to counter swelling U.S. stocks.
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LONDON : World oil prices sprinted up to new one-month high points as traders showed alarm at a steep fall in US crude oil inventories in the wake of Hurricane Ivan.
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The price of oil looks set to grab headlines as analysts forecast that its record-breaking run may well continue.
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Crude stays above $45, $8 higher than at end of June, but analysts doubt prices will near $50 again. LONDON  - Oil prices rose modestly Wednesday as traders took stock after a three-day losing streak from record highs near $50 a barrel.
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Global oil prices fall back from 11-month highs after US data showed a fall in crude stockpiles but rise in petrol stocks.