Crude prices rise as gas plunges to 4-year low
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WASHINGTON -- Oil prices jumped almost $2 yesterday after briefly dropping to nearly $60 a barrel, while natural gas futures plunged to their lowest level since December 2002.
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Oil prices jumped nearly two dollars  on Thursday after the U.S. government said crude stocks fell to  a fresh five-month low last week and distillate fuel  inventories barely grew ahead of winter.
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Oil prices firmed after touching a  four-month low on Wednesday, as a government report showing  that U.S. supplies of heating oil rose only slightly last week  kept dealers on edge ahead of Friday's OPEC meeting.
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Flooding in Midwest refineries and bloated oil costs reversed a predicted downdrift in gas prices -- instead pushing average prices to $3.0577, 6 cents higher than the average price three weeks ago, according to survey findings released Sunday.
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U.S. crude dropped more than $4 on Tuesday to its lowest level since early December on worries that a possible U.S. recession would slow demand from the world's largest energy consumer.
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U.S. retail gasoline prices soared past $3 a gallon for the first time in four weeks, following a steep rise in crude oil costs, the government said on Tuesday.
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SAN FRANCISCO (AFX) -- Crude-oil futures climbed back toward $54 a barrel, with traders eagerly awaiting weekly petroleum data to find out how the recovery in the Gulf of Mexico has affected US oil and natural-gas inventories.
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Oil prices soared to $44 a barrel on  Wednesday, ending a streak of heavy losses, as a U.S.  government report showed crude oil stocks falling to the lowest  level in five months.
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Oil prices rebounded Friday but remained below $50 US a barrel after declining four per cent over the past week due to rising US supplies of crude and natural gas.
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Oil prices rebounded Friday but remained below $50 a barrel after declining 4 percent over the past week due to rising US supplies of crude and natural gas.
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NEW YORK Oil prices have skidded below 48 dollars a barrel after the US government reported increases in the nation&#39;s supply of crude oil and distillate fuel, which includes heating oil.
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Oil prices soared to $44 a barrel on  Wednesday, ending an eight-day streak of losses as a U.S.  government report showed crude oil stocks falling to the lowest  level in five months.
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Oil prices rose nearly $2 on Thursday  after a big fall in U.S. natural gas inventories triggered  renewed concerns about winter fuel stocks in the world's  biggest energy-consuming nation.
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Crude oil prices rose early Wednesday after closing lower Tuesday for the seventh time in eight sessions, with the benchmark US crude still down sharply from a record high of almost $50 a barrel.
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London - Crude oil prices yesterday rose from a three-month low on disruptions to supplies from Nigeria and Norway and comments by Opec officials that output from the oil producers&#39; cartel might be reduced.
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Business & money: The AA warns that the $4 increase in crude prices signals even dearer fuel in the weeks ahead
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As the price of crude oil flirts with $50 a barrel, gasoline prices are heading up again, ending an unusual period in which gasoline prices were falling even as oil prices rose.