Update 16: Oil Prices Pass $54 on Supply Concerns
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Oil prices surpassed $54 a barrel Tuesday due to nagging concerns in the market that the global supply buffer is too thin to handle a significant output disruption.
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SINGAPORE - Crude oil prices surged past an unprecedented $55 per barrel Monday as uncertainty swirls over production, high demand and tight global supplies ahead of the Northern Hemisphere winter.    Crude for November delivery on the New York Mercantile Exchange hit $55.33 per barrel around noon in Asia, up 40 cents from its Friday settlement price...
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SINGAPORE - Crude oil pushed back through the $54 threshold on Thursday after a pipeline explosion in Mexico stirred supply fears, but it eased slightly in the early afternoon.    A continuing strike in Africa's largest producer, Nigeria, also affected prices as traders waited anxiously for key U.S...
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The price of oil settled above $50 a barrel for the first time Friday amid concerns about tight supplies globally and hurricane-related production problems in the Gulf of Mexico.
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Oil prices hit all-time highs near 54 dollars in Asian trade as a general strike in Africa's biggest oil producer Nigeria turned the heat up further on jittery market and brought 65 dollars within sight.
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Oil prices steadied above &#36;45 a barrel on Thursday, attempting to put a floor under a 7.4 percent tumble after a big increase in U.S. heating oil stocks eased worries of a winter supply squeeze.
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Oil futures prices surged above $54 US a barrel Thursday after government data showed a sharp decline in US supplies of distillate fuel, which includes heating oil.
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Oil prices slipped on Monday but held  above $49 a barrel as easing concerns about a winter supply  crunch pulled the market further away from record highs set two  weeks ago.
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Oil prices dipped below $62 on Monday, extending last week's losses, as concern over brimming global fuel inventories offset a likely second OPEC supply cut and news of deepening Saudi export curbs.
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Oil prices fell sharply yesterday after briefly passing $54 a barrel amid nagging concerns in the market that the global supply buffer is too thin to handle a significant output disruption.
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U.S. 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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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 surged to new record highs  again Tuesday, taking U.S. crude above $54, with global  supplies hounded by outages that are thwarting efforts to build  winter heating fuel inventories.
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SAN FRANCISCO (AFX) -- Crude-oil futures climbed back toward $54 a barrel, with traders eagerly awaiting weekly petroleum data to find out how the recovery in the Gulf of Mexico has affected US oil and natural-gas inventories.
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LONDON : World oil prices stormed above 54 US dollars for the first time Tuesday as strikes in Nigeria and Norway raised worries about possible supply shortages during the northern hemisphere winter.
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Oil prices surged to record highs above  $54 on Tuesday as a fire at Nigerian export pipeline became the  latest threat to consumers' efforts to build winter heating  fuel inventories.
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Crude oil futures steadied at under $46 a barrel Thursday, after healthy US inventory data eased fears about a supply crunch over the Northern Hemisphere winter.