RPT - Oil closes at a 3-week low on US supply, China hike -
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If China wants to slow the rate of economic growth and oil demand slows because of that, &quot;then the oil prices at these levels are too high,&quot; he said.
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US oil prices have raced towards $46 a barrel after Russia&#39;s YUKOS suspended some oil exports to China and as traders remain concerned about storm-related supply disruptions into the United States.
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CAMARILLO, Calif. Nov 7, 2004 - An increase in the worldwide supply of crude oil contributed to a dip in US prices at the gas pump over the last two weeks, an industry analyst said Sunday.
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CRUDE oil futures eased below $US46 a barrel in Asia today as traders awaited the weekly US crude inventory report, which has helped bring down prices in recent weeks by showing a recovery in supplies.
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LONDON  - Oil prices continued to spiral lower, hitting near three-month low points in New York following a rise in US petroleum stockpiles and signs OPEC will refrain from announcing output cuts next week.
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Oil drifted lower toward $68 a barrel on   Wednesday, hovering near this week's three-and-a-half month low   as dealers feared oil stocks may quickly build up now that the   northern hemisphere summer season has ended.
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The price of crude oil breached the $51 US mark again after falling for most of the day Friday on a surprising midweek US petroleum stocks report and China&#39;s latest moves to cool its economy.
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Oil's rally wavered on Thursday, but  worries over the security of Nigerian supply supported prices  despite an easier U.S. crude inventory picture and news that  Russia's YUKOS would resume full supply to China.
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LONDON: Oil prices fell to seven-week lows below $47 a barrel on Wednesday as traders braced for another increase in US oil and natural gas inventories.
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The price of crude oil fell for a third straight day on Friday, sliding back toward the US$50 mark after a surprising midweek US petroleum stocks report and China&#39;s latest moves to cool its economy.
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Oil steadied at below $69 a barrel on   Wednesday, hovering near its lowest in three and a half months   as dealers feared oil stocks may quickly build up now that the   northern hemisphere summer season has ended.
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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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Oil slid for a third day on Wednesday  but remained in a narrow trading range below $60 a barrel with  little impetus to break out in either direction.
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Crude oil fell for a third day, reaching an 11-week low, as rising US inventories caused speculators to reverse bets that prices would rise.
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Crude hovers around $46 a barrel amid demand from most populous country, damage reports from Ivan. LONDON  - Oil prices held above $46 a barrel Tuesday as China showed no letup in its strong demand
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Oil slid below $63 a barrel on Friday   touching its lowest level since March as U.S. fuel stockpiles   grew ahead of winter and investors probed for a price that   would trigger an OPEC supply cut.
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Oil fell a dollar on Wednesday to the   lowest level in more than three months as robust U.S.   inventories at the end of the summer driving season further   dulled bullish sentiment.