Crude Oil Prices Fall Below $44 a Barrel
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Crude futures sold off sharply for a second day in row Thursday, falling below $44 a barrel, as traders focused on rising fuel supplies and the lack of cold weather. The drop to two-month lows triggered an additional wave of technical and speculative selling, traders said.
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Oil prices fell sharply last night, taking US crude below $50 ahead of the US presidential election. US light crude dipped as low as $49.
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Crude oil futures prices plummeted today, falling by nearly $3 a barrel, as traders shelved concerns about tight winter-fuel supplies.
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Crude oil prices fell to the lowest level in four months Tuesday as traders speculated that warm weather and increased refinery output had bolstered US heating-oil supply last week.
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Oil prices sank to a four-month low  below $41 for U.S. crude on Wednesday after leading OPEC  producer Saudi Arabia questioned the need for the cartel to  curb supplies.
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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 futures sank for a fourth straight day Friday, settling beneath $43 a barrel for the first time in nearly three months and capping a 14 percent decline for the week.
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Crude oil futures fell for a third session, dropping as low as $44.75 a barrel, on speculation that increased Iraqi shipments will help meet global needs.
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NEW YORK Oil prices have skidded below 48 dollars a barrel after the US government reported increases in the nation&#39;s supply of crude oil and distillate fuel, which includes heating oil.
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Crude oil futures traded below $49 a barrel Monday following a steep runup on Friday that was prompted by persistent concerns about winter fuel supplies.
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The crude oil price, based on the average price package of seven market-monitored crudes, fell to 38.89 dollars a barrel last week, down 2.46 dollars of the price in the previous
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The slide in crude oil prices takes a barrel in London down to little more than $40, as traders realise profits after the recent surge.
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Crude oil prices dropped below $60 a barrel for the first time in six months on Monday before rebounding a bit.
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LONDON : Crude oil prices slipped below 46 dollars a barrel on increasing hopes of adequate heating fuel supply during the northern hemisphere winter.
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After a month-long rally that repeatedly pushed oil prices to new highs, the cost of a barrel slumped for the fourth day in a row, dropping by nearly $2 to below $44.
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U.S. blue chips ended slightly lower  on Wednesday after crude oil climbed above $44 a barrel,  renewing fears that high energy costs would cut into corporate  profits.
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Crude oil futures tumbled below $48 a barrel yesterday, closing at their lowest level in seven weeks, on rising expectations that the US supply of transport and home-heating fuels will be adequate this winter.