Oil Prices Hit New Record High
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Crude oil prices closed at a new record high, extending the recent rally to seven sessions, as traders weighed the impact of the Energy Department&#39;s decision to use the nation&#39;s Strategic Petroleum Reserve to offset lost production as a result of
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Crude oil prices reached a record high of $47.04 (US) a barrel in pre-market trading Wednesday in New York on lingering concerns about supply from Iraq and Russia.
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Oil prices hit fresh records again on  Monday, pushing London Brent crude above $50 for the first time  and extending a relentless rise that has added around 65  percent to the cost of crude this year.
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NEW YORK -- Oil prices have moved to fresh record highs of almost $47 a barrel on concerns about potential supply disruptions in Russia and Iraq.
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Crude oil prices jumped above $51 a barrel yesterday, setting a fresh record amid a prolonged production shut-down in the Gulf of Mexico in the wake of Hurricane Ivan.
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Oil prices surged to a new high above  $47 a barrel on Wednesday on evidence from major economies that  energy costs are not substantially slowing the economic growth  that fuels oil demand.
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U.S. crude prices rose to another new  record on Thursday, rising 25 cents to $47.52 a barrel on  evidence that high prices are not hurting world oil demand  growth.
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Oil prices hit a record high Thursday of more than $90 a barrel after reports indicated that the Organization of Petroleum Exporting Countries has no plans to increase production.
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Oil prices roared to fresh record highs on Thursday as the U.S. government reported another fall in heating fuel stocks ahead of winter.
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As the euro rose above $1.42 to a new high against the dollar, the price of crude oil also hit a record, briefly surpassing $90 a barrel in after-hours electronic trading.
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Oil prices hit record highs again Wednesday, amid continuing concerns about the supply of crude oil. In New York, crude oil for future delivery hit an all-time high of $51.
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Oil surges to a record of nearly $79, despite Opec saying it will boost oil output to ease cost pressures.
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Oil prices struck a fresh record above  $48 a barrel on Thursday, spurred higher by renewed violence in  Iraq and fresh evidence that strong demand growth in China and  India has not been slowed yet by higher energy costs.
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Oil prices surged to a new high of $47 a barrel on Wednesday on evidence from major economies that energy costs are not substantially slowing the economic growth that fuels oil demand.
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CRUDE oil prices surged past US$50 a barrel for the first time yesterday to a new record high, raising concerns that higher energy costs could slow the global economy next year.
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The light American crude oil yesterday registered a new high record price of 47.52 dollars per one barrel via electronic trading in London amid fears among the dealers of the increased pressures in the world demands for oil and tension in Iraq.
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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.