Oil Finds Feet on Warm US Weather
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Oil prices hovered above $41 a barrel on Tuesday, pausing after a fall of more than 10 percent in the last five sessions amid rising US stockpiles and warmer-than-expected weather.
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Oil prices stayed close to six-week  highs on Friday on forecasts that a bout of cold weather in the  United States would raise demand for heating fuels and natural  gas.
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Oil prices firmed after touching a four-month low on Wednesday, as a government report showing that US supplies of heating oil rose only slightly last week kept dealers on edge ahead of Friday&#39;s OPEC meeting.
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Oil rose above $61 on Wednesday, pushed higher by expectations colder weather in the U.S. Northeast would boost demand in the world's top heating oil market.
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The threat of a cold winter in the United States ended a slide in oil prices on the New York market on Wednesday and put the spotlight on US heating fuel reserves.
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Oil prices eased on Wednesday on mild US weather as traders waited to see whether the first cold snap of the US winter has eaten into low heating fuel supplies.
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Crude oil futures were little changed after posting their biggest weekly gain in almost five years on expectation below-normal temperatures in the US Northeast will increase demand on heating oil stockpiles.
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Oil prices stayed close to six-week highs on Friday on forecasts that a bout of cold weather in the United States would raise demand for heating fuels and natural gas.
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LONDON : Oil prices rose slightly a day after renewed concerns over heating oil stocks in the United States brought a halt, even if temporary, to a sharp slide in prices in recent weeks.
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Oil prices rose for the second day in  a row on Thursday with an Arctic blast forecast to hit the  United States next week, ramping up demand for heating fuels.
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LONDON  - Oil prices rose in London as analysts gauged the impact on key markets of a possible dearth of US heating oil stockpiles during the northern winter.
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U.S. oil prices touched a new three-month low on Wednesday as mild winter weather in the United States and expectations of a rise in heating fuel stocks kept the downward pressure on the market.
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Oil rose on Tuesday, adding to sharp gains made the previous session on expectations that a cold spell in the U.S. Northeast this weekend would boost demand in the world's biggest heating oil market.
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Oil prices surged $2 a barrel late yesterday, as energy traders rushed back into the market amid frigid temperatures in the United States and political tension overseas.
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Oil prices surged more than two dollars on Wednesday as the US government reported a fall in heating oil stocks and cold weather gripped the US.
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Oil prices rose a dollar on Friday as  worries a cold spell in the United States could erode already  depleted winter fuel inventories spurred the market higher.
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Oil prices rose for the second day in a row on Thursday with an Arctic blast forecast to hit the United States next week, ramping up demand for heating fuels.