Rising oil prices reverberate around world
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Grumbling about high gas prices, Sri Lankan businessmen ditch their cars for the bus.
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Oil prices surged to record highs above  &#36;78 on Friday as global geopolitical storm clouds gathered,  with supply disruption in OPEC exporter Nigeria and tensions  across the Middle East driving crude into unchartered  territory.
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World oil prices have shot to record highs as concern grows about even more expensive fuel at the petrol pumps. In London, Brent North Sea crude oil for delivery in November surpassed $50 a barrel for the first time in the contract&#39;s 16-year history.
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The world&#39;s major stock markets tried hard this week to ignore the proverbial elephant at the table -- record high oil prices -- but it is getting harder and harder to do so.
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Oil prices struck a fresh record high  above $47 a barrel on Thursday as fresh evidence of demand  growth in China and India underlined how rising appetite for  oil is straining the world's supply system.
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Business & money: Violent storms in the North Sea helped push global oil prices to new highs of just under $100 per barrel.
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WORLD oil prices smashed to record highs today as concerns over hot global demand swamped news of a peace deal in Iraq with Muslim Shiite militia leader Moqtada Sadr.
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Oil prices rise again as traders weigh up supply issues and the geopolitical tensions building in the Middle East.
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The world economy will face higher prices than in the past decade as more oil comes from &quot;politically unstable&quot; countries, such as Saudi Arabia and Russia, and production costs rise, the International Energy Agency warned on Tuesday.
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SINGAPORE - The price of crude oil surged past an unprecedented $55 per barrel Monday amid continued uncertainty over production, high demand and tight supply globally.    The price of crude for November delivery on the New York Mercantile Exchange reached $55.02 per barrel mid-morning in Asia, up 9 cents from its settlement price on Friday...
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The price of oil looks set to grab headlines as analysts forecast that its record-breaking run may well continue.
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Oil prices surge past $70, hitting their highest level in 10 months on concerns about short-term supply.
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Global oil prices rise as Venezuela and Nigeria say they are cutting production.
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Oil prices keep climbing but for the moment the economists are sticking to the line that the global and Australian economies will weather the storm.
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Global oil prices have rallied to fresh highs, with US crude approaching $49, driven by escalating violence in Iraq and unabated demand growth from China and India.
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NEW YORK -- Oil prices rose above $70 a barrel yesterday, as persistently high fuel demand and concerns about possible supply disruptions in the Middle East and Nigeria offset news of increasing US inventories.
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World oil prices scaled record peaks last night, rising on concern over disruptions to supply from strike-hit producers Nigeria and Norway.