Crude oil prices near US$49 per barrel in New York
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Crude oil prices neared US$49 per barrel Friday as Gulf of Mexico crude production rebounded at a slower pace than analysts had expected.
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THE cost of oil soared to a record $US49.64 a barrel today as unrest in Nigeria and Saudi Arabia alarmed traders. Oil futures jumped to their highest closing price on record on the New York Mercantile Exchange.
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Global oil prices raced to fresh highs on Friday with US crude approaching $49, driven by escalating violence in Iraq and unabated demand growth from China and India.
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By Malcolm Moore, Economics Correspondent (Filed: 21/08/2004). The price of oil came close to $50 a barrel in New York yesterday, as fighting between US forces and Moqtada al-Sadr&#39;s militia in Iraq continued to inflame the market.
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Crude oil prices fell by $2.01 to $49.75 per barrel in morning trading on the New York Mercantile Exchange. Oil prices retreated from record closing prices last week, after the US government
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With traders fearing an interruption in exports, crude futures for September delivery traded in New York rose to $49.40 a barrel.
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Crude oil prices pushed above $49 a barrel on Monday, reflecting concerns about supply in key producers and Hurricane Ivan&#39;s impact on oil rigs in the Gulf of Mexico.
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NEW YORK For the first time, oil has settled the day priced at more than 50 dollars a barrel. In New York, crude for November delivery rose 48 cents and closed at a record 50 dollars, 12 cents a barrel.
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Crude oil prices neared their all-time record high of $49.40 US as supply fears in Iraq and other key producers pushed up early trade Monday, while the market took stock of hurricane Ivan&#39;s impact on oil rigs in the Gulf of Mexico.
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Oil prices have surged to two-week highs following news that supplies in the US are tightening. In New York on Thursday, the cost of a barrel of oil rose almost $2 to $44.
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NEW YORK : New York&#39;s main crude oil contract shot to a record high 55.45 dollars a barrel amid deepening concern over US stocks of winter heating fuel.
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In New York the price of light sweet crude for November delivery climbed to an all-time peak of 50.47 dollars per barrel, the highest level since oil began trading on the New York market in 1983.
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With the US presidential elections approaching, world oil prices appear to be going down. New York&#39;s main contract, light sweet crude for delivery in December, fell 26 cents to 49.
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Crude for October delivery closed at $46.35 a barrel on the New York Mercantile Exchange, up 76 cents for the session. It hasn&#39;t closed above $46 since Aug. 20.
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Crude oil futures rose to a record for a third day, reaching US$52.53 a barrel in New York, on concern US supplies may be insufficient to meet demand this winter.
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Oil prices pushed above $49 a barrel on Monday, approaching record levels as worries about the stability of supplies from Iraq, Nigeria and Russia compounded concerns over low fuel stocks ahead of winter.
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Crude oil futures traded above $49 a barrel Monday after a gas leak shut down a North Sea oil production platform and as traders weighed concerns about heating oil supplies this winter against