Oil Eases, Dealers Watch for U.S. Fuel Draw
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Oil prices eased on Wednesday on mild  U.S. weather as traders waited to see whether the first cold  snap of the U.S. winter has eaten into low heating fuel  supplies.
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Oil prices edged lower on Wednesday,  keeping within sight of $50 a barrel on supply worries in the  United States, where weekly data is expected to show a draw in  distillate inventories.
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Oil's advance wavered a little on Friday  as the U.S. government prepared to lend out some strategic  crude stocks, but traders said the amounts were small and that  supply worries remained.
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U.S. oil prices hovered near &#36;47 a barrel on Wednesday, awaiting data that was expected to show a big drop in fuel stocks in the United States due to weather-related disruptions to output and shipments.
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Crude oil futures eased slightly Monday but remained close to the $50 a barrel level amid lingering concerns about shortages of heating oil at the start of the Northern Hemisphere winter.
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Oil prices traded marginally lower on Wednesday ahead of key U.S. data, which was expected to show a rise in heating fuel supplies as mild winter temperatures suppressed demand in the United States.
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Oil prices dipped on Thursday but held near $80 a barrel and the previous day's record high, as dealers watched a tropical storm in the Gulf of Mexico after a sharp fall in U.S. crude stocks.
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High-flying oil prices paused in their  ascent on Thursday as the U.S. government considered whether to  loan out crude from its strategic petroleum reserve after  Hurricane Ivan sliced into supplies.
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Oil traded lower on Wednesday ahead  of key U.S. stocks data, which was expected to show a rise in  heating fuel supplies as mild winter temperatures suppressed  demand in the United States.
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Oil prices slipped to their lowest level   in five months before recovering slightly on Thursday as   dealers took a pause from a three-day decline ahead of U.S.   data expected to show healthy fuel stocks.
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Oil prices firmed on Friday, cementing  this week's gains spurred by worries a U.S. cold spell could  erode already low winter fuel inventories.
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Oil prices eased on Tuesday as milder  weather in the immediate term quelled concerns about thin fuel  stocks, though the market remained nervous about possible  supply disruption in the Middle East and Russia.
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Oil prices eased on Friday, but still  within sight of the $55-mark as traders feared time was running  out to top up low heating oil supplies before winter.
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Oil prices edged lower in thin early trade on Wednesday, keeping within sight of &#36;50 a barrel on supply worries in the United States, where weekly data is expected to show a draw in distillate inventories.
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Oil prices steadied below $70 on   Wednesday as dealers weighed tensions over Iran's nuclear   program against robust crude inventories in the United States,   the world's largest energy consumer.
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Oil prices steadied on Friday, stemming heavy losses this week, with a bout of cold weather in the United States expected to keep up demand for heating fuels over the weekend.
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Oil prices slipped on Tuesday but remained well above &#36;48 a barrel as dealers weighed up whether a thin cushion of heating fuel in the United States would be sufficient to meet winter demand.