Bush Win Sends Oil Near $51 a Barrel
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Oil prices surged more than $1 on Wednesday as the re-election of President Bush countered the impact of a big increase in spare oil supplies ahead of winter.
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Oil firmed almost $1 to above $97 a barrel on Friday, within sight of its record high, bolstered by a fall in U.S. fuel inventories and mounting tension in Pakistan and northern Iraq.
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Oil prices stayed close to $49 a  barrel on Thursday, supported by a forecast for an early cold  snap in the United States that could put a strain on a thin  supply cushion of winter heating fuel.
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London - Oil prices roared to new record highs yesterday, within a whisker of $51 a barrel, on worries about supplies from the Gulf of Mexico, where almost 30 percent of production remains shut.
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Oil fell 3 percent to $61 a barrel on Monday as healthy fuel inventories in top consumer the United States countered plans by OPEC members Nigeria and Venezuela to trim output.
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WASHINGTON -- Oil prices reached $53 US a barrel yesterday and have advanced more than 20 per cent in a month, largely because hurricane-hobbled output in the Gulf of Mexico has not been restored as quickly as expected.
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Oil prices hit a new record of more  than $51 a barrel Tuesday as a prolonged U.S. production outage  following Hurricane Ivan attracted fresh speculative buying.
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NEW YORK : New York&#39;s main crude oil contract closed above 51 dollars a barrel for the first time, riding a speculative wave powered by fear of interruptions to supply from the Gulf of Mexico.
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Crude oil surpassed $50 a barrel and was close to a record in New York after hurricanes in the Gulf of Mexico curbed US production for more than three weeks, slowing the accumulation of supplies to meet winter needs.
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US stocks advanced on Wednesday as President Bush won re-election, but slipped off the day&#39;s highs after a surge in the price of oil.
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Crude oil prices fell below 51 dollars a barrel Thursday as supply concerns ahead of the winter eased after an high rise in US inventories.
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NEW YORK - Oil prices climbed close to $51 per barrel and kept stocks mixed Tuesday as investors worried that rising energy costs would dampen a widely expected fourth quarter rally.    Wall Street was uneasy but not panicky as a barrel of light crude was quoted at a record high $50.80, up 89 cents, on the New York Mercantile Exchange...
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WASHINGTON - Oil prices darted above $51 a barrel Tuesday as output in the Gulf of Mexico remains in shambles more than two weeks after Hurricane Ivan tore through the region.    Even as the advance in crude futures begins to appear unstoppable, with traders saying $55 a barrel seems possible, some analysts are convinced a speculative bubble has formed...
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Oil eased to under $91 on Tuesday on profit-taking after an early rally.
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Crude oil climbed more than $1 in New York on the re-election of President George W. Bush, who has been filling the US Strategic Petroleum Reserve.
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NEW YORK -- Oil climbed to settle near $61 a barrel yesterday, the highest closing price this year, after the US government reported surprisingly large drops in gasoline and heating oil inventories.
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Crude oil was little changed after rallying more than 2 percent yesterday when US President George W. Bush&#39;s re-election signaled the government probably will continue its policy of buying oil for a national reserve.