Crude oil prices dropping in NY
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Crude oil prices have dipped in New York, sliding as much as two dollars to around $50 a barrel. That&#39;s extending declines seen last week despite concerns that a planned strike in Nigeria could affect output.
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December delivery crude on the New York Mercantile Exchange dropped 76 cents to $46.11 per barrel. The benchmark light, sweet crude remained about $8 a barrel cheaper than its closing record of $55.
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Crude oil fell after reaching a record $53 a barrel in New York yesterday on speculation global output may provide US refiners with enough supply to meet winter needs.
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Crude oil prices fell to a 15-week low in New York yesterday as the U.S. summer travel season ended and traders speculated that a dispute with Iran about nuclear research may be resolved without curtailing exports.
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NEW YORKâOil prices jumped nearly $2 (US) yesterday after the US government said crude stocks fell to a fresh five-month low last week and distillate fuel inventories barely grew ahead of winter.
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Oil prices fell 3.5 percent to a three-month low Tuesday as mild winter weather sapped heating oil demand in the US Northeast. US light crude settled down $1.52 at $41.46 a barrel, the
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NEW YORK Crude oil prices are falling sharply as traders anticipate warmer weather in the US later in the week. Also pulling futures prices down are the weekend snowstorms in the Midwest that kept motorists off the road and planes grounded.
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Crude oil futures fell slightly Monday as traders speculated that slower economic growth next year might ease global oil demand. On the New York Mercantile Exchange, crude
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Crude oil prices fell Tuesday astraders widely anticipated a continuing increase in US inventories of crude oil. On the New York Mercantile Exchange, crude oil futures for
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Crude oil barrel price registered a new record in New York yesterday of $ 53.25 over fears of Nigeria&#39;s exports halt and the production decrease of the American oil in the Mexican Gulf related to the bad weather conditions it experienced recently.
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Crude oil futures fell below $50 a barrel in New York for the first time since Oct. 5 on speculation that growth in demand will ease next year as supplies increase.
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Crude oil prices fell sharply Monday as traders speculated temperatures in the eastern half of the United States would limit heating oil needs.
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Crude oil futures tumbled to a four- week low in New York on speculation that growth in demand will ease as supplies increase. US manufacturing growth was the slowest in more than a year
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NEW YORKâOil prices fell nearly $2 (US) a barrel yesterday, dragged down by heavy losses in gasoline futures after summer driving demand in the United States failed to meet expectations.
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Crude oil prices have overnight shed 28c of the USD1.28 spike seen in New York last night. The sudden rise came on news of twin car bomb attacks in Saudi Arabia, pushing prices up to USD 43.64 at the New York close.
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Crude oil in New York fell on speculation that yesterday&#39;s 4.5 percent gain was an overreaction to initial reports of terrorist attacks in the capital of Saudi Arabia, the world&#39;s largest oil exporter.
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Benchmark light, sweet crude oil futures for January dropped as much as 93 cents in early trading today in New York to last week&#39;s low of US$42.05 a barrel.