Oil rises to $71 on supply worries
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Oil rose to $71 a barrel on Friday, near  a nine-month high, as a strike in Nigeria threatened more of  the country&#39;s output and Iran remained defiant over its nuclear  program.
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Crude oil futures rose above 55 dollars a barrel Friday as concerns about the global supply of heating oil persisted ahead of winter in the Northern Hemisphere.
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Oil prices climbed above $47 a barrel today, after figures showed supplies in the U.S. were down for a third consecutive week.
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WASHINGTON - Oil prices cruised above $55-a-barrel yesterday as concerns about the global supply of winter fuels persist ahead of the Northern Hemisphere winter.
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Oil prices climbed Friday, closing above $55 a barrel for the first time, on worries that supplies will be stretched thin this winter while demand from China remains solid.
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Oil rose $1 on Monday as the dollar slipped and tensions between the United States and Iran stoked supply concerns.
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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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Oil prices rise above $71 amid the prospect of more sanctions against Iran and a strike threat in Nigeria.
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US oil prices held above $46 a barrel on Tuesday on worries of a major supply disruption at a time when producers are pumping at full tilt to meet strong demand.
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The price of crude oil surged past $55 per barrel Monday on lingering supply fears in trading in Asia.
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-- Crude oil prices spiked above $92 a barrel Friday on tensions in the Middle East and renewed concerns about supply.
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Oil prices climbed more than $2 higher on Friday on renewed concern over supplies of distillate fuels in all main consuming centers before the Northern Hemisphere winter.
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World oil prices rose on Thursday as  concerns over a supply shortage after Hurricane Ivan persisted  despite news the U.S. will loan some oil from its reserves to  refineries to make up for lost production.
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Oil rose more than $1 on Monday as the dollar slipped and tensions between the United States and Iran stoked supply concerns.
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Oil rose to $71 a barrel on Friday, near a nine-month high, as a strike in Nigeria threatened more of the country's output and Iran remained defiant over its nuclear program.
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Oil prices climbed again yesterday, closing above $55 a barrel for the first time, on concerns that supplies will be stretched thin this winter while demand from China remains solid.
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World oil prices marched towards $55 today on worries about low stocks of US heating fuel and tight crude supplies, amid strong demand ahead of the northern hemisphere winter.