Oil Prices Briefly Move Past $80
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Crude oil prices hit a record yesterday, briefly topping $80 a barrel as the Energy Department reported an unexpectedly sharp drop in U.S. inventories, a hurricane warning closed the Houston Ship Channel and oil traders discounted the significance of OPEC's announced plan to slightly raise its ou...
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Oil edged up above $64 a barrel on   Wednesday as traders cautiously await the debate among members   of the U.N. nuclear watchdog over Iran's atomic work, and on   renewed concerns over disruptions to Nigerian supplies.
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Oil prices dipped on Thursday but  held near $80 a barrel and the previous day&#39;s record high, as  dealers watched a tropical storm in the Gulf of Mexico after a  sharp fall in U.S. crude stocks.
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By Malcolm Moore, Economics Correspondent (Filed: 21/08/2004). The price of oil came close to $50 a barrel in New York yesterday, as fighting between US forces and Moqtada al-Sadr&#39;s militia in Iraq continued to inflame the market.
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Oil slipped below $75 on Wednesday but remained within sight of an all-time high ahead of U.S. data expected to show a further tightening of crude stocks in the world's top consumer.
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Oil prices firmed after touching a  four-month low on Wednesday, as a government report showing  that U.S. supplies of heating oil rose only slightly last week  kept dealers on edge ahead of Friday's OPEC meeting.
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Oil prices edged up toward $48 a barrel early on Friday as worries that an early or severe winter could stress low winter fuel stocks helped staunch the market&#39;s $8 tumble from record highs.
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Oil edged up above $64 a barrel on  Wednesday as traders cautiously await the debate among members  of the U.N. nuclear watchdog over Iran's atomic work, and on  renewed concerns over disruptions to Nigerian supplies.
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NEW YORK, October 29  - World crude oil prices increased modestly today, after declining by about 8% this week on positive development in US crude inventories and speculations about a decline in demand from China.
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Oil prices dipped on Thursday but held near $80 a barrel and the previous day's record high, as dealers watched a tropical storm in the Gulf of Mexico after a sharp fall in U.S. crude stocks.
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Crude oil futures briefly dipped below $60 a barrel yesterday, then jumped by more than $1 in a sign that the recent free-fall may be nearing an end.
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Oil prices push above $70 a barrel amid fears over US-Iran tensions and low US fuel stockpiles.
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Oil held near $80 a barrel on Friday, within sight of record-high levels as a hurricane knocked out U.S. Gulf refineries, deepening supply woes already caused by lower crude stocks in the world's top consumer.
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NEW YORK - Stocks moved slightly higher Friday as investors tried to uncouple share prices from skyrocketing oil costs, helped in afternoon trading by falling oil prices that had earlier reached new highs and flirted with $50 per barrel.    A barrel of light crude was quoted at $48.15, down 55 cents, on the New York Mercantile Exchange after hitting a record intraday high earlier in the session at $49.40...
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NEW YORK, November 22  - Crude oil prices increased to near the $50 per barrel mark this morning, amid renewed concerns surrounding a potential shortfall in the heating fuel supplies this winter.
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Oil fell on Friday after supply concerns and tight inventories pushed prices to a record above $80 a barrel for the third consecutive day.
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NEW YORK - Oil prices continued climbing on Wednesday as supply concerns lingered and a weekly report showed US crude inventories were smaller than expected.