High oil prices likely are here to stay
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As soon as oil traders heard Wednesday that oil workers in Nigeria, a major petroleum exporter, threatened to join a national strike, their frenzied bidding drove up the price of crude oil by more than 90 cents, to more than $52 a barrel.
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Oil prices held strong on Friday not far below $55 as traders worried time is running out to top up low heating oil inventories before winter.
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Oil prices held firm near $47 a barrel  on Friday, bolstered by a tightening outlook for market  fundamentals and sliding U.S. temperatures.
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Oil prices held firm Friday after pipeline sabotage in northern Iraq kept up supply fears that have revived a powerful price rally.
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Oil prices held steady near $47 a barrel  on Wednesday a day after setting yet another record when the  United States, the world's biggest oil consumer, said inflation  had stayed in check despite rising energy costs.
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Mexican consultancy firm Bursametrica said on Monday that international market oil prices will remain high in the short and long run.
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Crude oil prices stay close to record levels at more than $51 a barrel, amid production problems in the Gulf of Mexico.
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Watch out at the gas station this weekend. Oil and gasoline prices bounced back up this week. Crude oil prices neared $49 a barrel Friday, capping a rise of 7 percent for the week, as
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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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The London stock market will next week keep a close watch on oil prices, which are showing no signs of cooling after soaring to fresh record high points approaching 50 dollars, analysts said.
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The Organization of Petroleum Exporting Countries (OPEC) is likely to keep production close to a 25-year high to prevent shortages during the US winter, OPEC officials said.
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This oil thing is just temporary, Wall Street has been figuring, and figuring and figuring. The surge in prices is a temporary phenomenon that&#39;s lasted for two years now.
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record-high crude oil prices, and they are likely to continue rising, an industry analyst said Sunday. From Sept. 24 through Friday, the combined national average for all grades of gas rose from $1.
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Oil prices have neared last week&#39;s record high after bouncing back above the $50-a-barrel mark despite a peace deal between rebel gangs in Nigeria.
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Global oil prices are likely to  continue volatile as supplies remain tight, the International  Monetary Fund's chief economist said on Thursday.
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The oil ministers of Opec heavyweights Saudi Arabia and Kuwait have pledged to maintain output after prices hit new peaks at the end of last week.
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ELEANOR HALL: The high price of oil is already threatening global economic growth, but that price could yet be pushed higher by events in Russia.