Oil rises above $61 ahead of U.S. cold spell
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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 rose for the second day in a row on Thursday with an Arctic blast forecast to hit the United States next week, ramping up demand for heating fuels.
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Oil climbed above $61 to a 2007 high on Friday following a sharp drop in fuel stocks in the United States, as tensions over Iran's nuclear program stoked supply concerns.
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Oil prices extended record-setting highs  above $51 for U.S. crude on Wednesday, fueled by the impact of  Hurricane Ivan on U.S. winter inventories.
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Oil prices jumped to the highest  level in two weeks on Thursday, buoyed by a cold weather front  in the United States and below-average stocks of winter heating  fuels.
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Oil firmed above $61 on Wednesday as   dealers balanced an expected swelling in robust U.S. winter   fuel stocks against a warning from producer cartel OPEC that it   may take action to stabilize tumbling prices.
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Oil prices jumped nearly 2 percent on Tuesday as colder weather in the United States, the world&#39;s largest heating oil market, brought temperatures more in line with seasonal norms.
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Oil prices climbed back above $59 a barrel on Wednesday as a blast of cold weather boosts heating oil demand in the United States and OPEC supply cuts quicken the seasonal fall in crude stocks in industrialised countries.
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Oil fell toward $61 Tuesday on robust   U.S. inventories ahead of the winter heating season, but   producer group OPEC said the price slide from peaks this summer   had gone far enough.
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Oil prices ticked higher on Tuesday, holding above &#36;42 a barrel as dealers awaited signs of any renewed cold snap that would revive demand for winter heating fuels in the United States.
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Oil climbed above $61 to a 2007 high on Friday following a sharp drop in fuel stocks in the United States and as tensions over Iran's nuclear program stoked supply concerns.
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U.S. crude oil futures rose to a fresh  six-week high on Friday as frigid weather swooped into the  Northeast heating oil market, threatening to strain already  tight winter fuel stockpiles.
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U.S. crude oil climbed above $60 a barrel  for the first time in a month on Friday, extending a gain of $2  a day earlier, amid signs of falling crude exports from  producer group OPEC.
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Oil prices climbed above $62 a barrel yesterday as colder weather drifted eastward across the United States and after government data showed shrinking supplies of crude, gasoline, and heating oil.
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Oil rose more than $1 to over $61 a barrel on Thursday after U.S. government data showed a sharp fall in fuel supplies last week.
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Oil prices pushed through new highs above 55 US dollars a barrel Monday amid concerns over high demand and tight supplies ahead of the Northern Hemisphere winter.
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Oil bounced back above $59 a barrel on Tuesday as the coldest weather of the U.S. winter was expected to draw down heating oil stocks.