Update 12: Crude Oil Climbs Above $50 in Asia
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Crude oil prices climbed above the key $50 mark in Asian trade Tuesday, creeping close to an all-time high as worries continued over supply and unrest in key oil producing areas.
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The price of a barrel of crude oil passed the record 50-dollar level on Monday, with various factors - such as the violent situation in Iraq and hurricanes in the Gulf of Mexico â-etting the blame for the hike.
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SINGAPORE - Crude oil topped $50 per barrel during Asian trading on Tuesday, pushing past the psychological milestone for the first time then surging further to new record levels likely to unsettle oil-consuming nations.    Traders bid oil to new highs in after-hours trading on the New York Mercantile Exchange in a reaction to the slow recovery of U.S...
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Crude oil prices jumped beyond $50 a barrel yesterday, renewing concerns that sustained high energy costs will further weaken the US economy.
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NEW YORK, November 1  - World crude oil prices rose in Asia trading this morning, with the Nigerian oil unions beginning their protests in a build-up to a nationwide general strike planned for later this month.
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Crude oil prices climbed above $50 per barrel Tuesday, their highest level since futures began trading in 1983. The increase raises new questions about just how far prices will climb, with
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Oil lingered above the $50 per barrel threshold in Asian trade Wednesday, breaching the mark for the second straight day ahead of key US crude stockpile data.
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Light sweet crude for delivery in January traded at US$49.41 a barrel late Monday afternoon in Asian trade, up US$0.52 from the contract&#39;s closing price Friday on the New York Mercantile Exchange.
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Crude oil prices pushed past the psychologically important 50 dollars per barrel mark today to an all-time high of 50.01 dollars as the market stayed bullish on a slow post-Hurricane Ivan recovery in the Gulf of Mexico.
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Crude oil prices briefly hit an all-time high of $50.69 on Tuesday as worries persisted over supply and unrest in key producers.
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Crude oil surpassed $50 a barrel and was close to a record in New York after hurricanes in the Gulf of Mexico curbed US production for more than three weeks, slowing the accumulation of supplies to meet winter needs.
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TORONTO - Crude oil prices hit an all-time high Tuesday, pushing past the psychological barrier of $50 US per barrel during Asian trading.
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LONDON: World oil prices surged into new record territory above $50 a barrel Tuesday as traders took fright at a multitude of supply threats, including unrest in Nigeria and recent hurricanes.
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SINGAPORE: Crude oil futures edged up slightly in Asian trade Tuesday after dropping by almost three dollars overnight amid reports of mild US winter conditions, dealers said.
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Supplies hit $50 a barrel for the first time as global demand rises and supplies are increasingly threatened. By Brad Foss. Crude oil surpassed $50 a barrel for the first time and analysts said Tuesday that
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Asian stocks edged higher on Thursday  as a rally in crude oil prices underpinned resource stocks,  while the dollar was supported by U.S. Fed chief Alan  Greenspan's comment that U.S. interest rates were "fairly low."
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U.S. crude oil futures broke through  $50 to a new record on Tuesday, on worries over supply  disruptions from Nigeria and other major producers.