Crude oil prices end over $53 per barrel in NY
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Crude oil futures finished above 53 dollars a barrel Friday as traders were unsettled about winter fuel supplies in the United States and labor-government confrontation in Nigeria.
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Oil prices hit record highs again Wednesday, amid continuing concerns about the supply of crude oil. In New York, crude oil for future delivery hit an all-time high of $51.
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NEW YORK : Crude oil futures jumped to a record high closing on the New York Mercantile Exchange Friday, as markets fretted over tight US supplies despite a decision to release small amounts from a strategic reserve.
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By Malcolm Moore, Economics Correspondent (Filed: 21/08/2004). The price of oil came close to $50 a barrel in New York yesterday, as fighting between US forces and Moqtada al-Sadr&#39;s militia in Iraq continued to inflame the market.
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Oil prices held above $53 a barrel yesterday, setting a record, on lingering concerns about winter fuel supplies in the United States, operational snags in the Gulf of Mexico, and labor strife in petroleum-rich Nigeria.
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Crude oil futures rose to a record for a third day, reaching US$52.53 a barrel in New York, on concern US supplies may be insufficient to meet demand this winter.
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Crude oil futures fell Tuesday after moving above $47 US a barrel in intraday trading. December delivery crude on the New York Mercantile Exchange dropped 76 cents to $46.11 per barrel.
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Crude oil prices in New York stayed higher Tuesday after passing 50 dollars per barrel as Nigerian rebels threatened oil output and Hurricane Ivan slashed production in the US Gulf of Mexico.
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December delivery crude on the New York Mercantile Exchange dropped 76 cents to $46.11 per barrel. The benchmark light, sweet crude remained about $8 a barrel cheaper than its closing record of $55.17 recorded Oct. 22 and Oct. 26.
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This winter, as crude oil touched $53 a barrel today, they will translate into higher heating bills for American households.
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Crude oil surpassed $50 a barrel and was close to a record in New York as US production in the Gulf of Mexico took longer than expected to recover, slowing the buildup of inventories to meet winter needs.
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Oil prices have surged to two-week highs following news that supplies in the US are tightening. In New York on Thursday, the cost of a barrel of oil rose almost $2 to $44.
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The price of crude oil surged past an unprecedented $55 per barrel Monday amid continued uncertainty over production, high demand and tight supply globally.
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NEW YORK : New York&#39;s main crude oil contract closed above 51 dollars a barrel for the first time, riding a speculative wave powered by fear of interruptions to supply from the Gulf of Mexico.
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Crude oil prices have overnight shed 28c of the USD1.28 spike seen in New York last night. The sudden rise came on news of twin car bomb attacks in Saudi Arabia, pushing prices up to USD 43.64 at the New York close.
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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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New York&#39;s main crude oil contract shot to a record high of $55.45 a barrel on Friday amid deepening concern over US stocks of winter heating fuel.