Oil back above $55 as US winter stocks drop
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LONDON: Oil prices charged back up to $55 a barrel yesterday as a fresh fall in US heating oil stocks stoked worries over winter supplies.
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World oil prices marched towards $55 today on worries about low stocks of US heating fuel and tight crude supplies, amid strong demand ahead of the northern hemisphere winter.
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Oil prices roared up to fresh record  highs on Thursday to end near $55 a barrel, as the U.S.  government reported another fall in heating fuel stocks ahead  of winter.
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Oil prices held firm on Friday after  leaping almost $2 a day earlier on news U.S. crude stocks sank  to a five-month low last week and distillate fuels barely grew  ahead of winter.
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Oil prices fell on Monday to a 7-week low under $47 a barrel, as growing fuel stocks in the United States eased fears of a winter supply crunch despite a cold snap in North America at the weekend.
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Crude oil futures stayed above US$55 a barrel Wednesday, over fears of a heating oil shortage before an expected cold Northern Hemisphere winter.
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Oil prices charged back up to &#36;55 a barrel on Wednesday as a fresh fall in U.S. heating oil stocks stoked worries over winter supplies.
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Oil prices edged up from seven-week lows  below $47 a barrel on Wednesday as U.S. crude oil inventories  grew again ahead of winter but heating oil stocks fell.
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Oil prices held firm around $55 a  barrel on Wednesday as traders braced for the start of the  northern winter with thin heating oil supplies.
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Freezing temperatures across much of the US push oil prices back up sharply to nearly $60 a barrel.
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Oil prices rebounded to $54 a barrel  on Thursday ahead of U.S. inventory data expected to show tight  heating fuel stocks ahead of winter.
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Oil futures prices briefly topped $55 US a barrel Wednesday after a report showed American supplies of distillate fuel, which includes heating oil and diesel, shrank for a fifth straight week, heightening fears of a winter-fuels crunch.
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Oil prices surged above $55-a-barrel on Friday as concerns about the global supply of winter fuels persist ahead of the Northern Hemisphere winter.
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Oil prices made fresh gains above $55 a  barrel on Monday led by record-breaking heating oil prices on  fears of a winter supply crunch.
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World oil prices marched towards 55 dollars today on worries about low stocks of US heating fuel and tight crude supplies amid strong demand in key markets ahead of the northern hemisphere winter.
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Oil prices simmered near $55 a barrel  on Friday on rising fears of a winter fuel supply crunch and  robust but slowing economic growth in China, the world's number  two user.
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Oil futures prices briefly topped $55 a barrel yesterday after a report showed US supplies of distillate fuel, which includes heating oil and diesel, shrank for a fifth straight week, heightening fears of a winter-fuels crunch.