Economics 101: Oil Rises On Supply Questions
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Outlook for growing demand as supply is crimped by events in Nigeria and Iran sends crude prices higher.
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Oil prices rose $2 on Tuesday on worries over tight inventories in the United States, the world's biggest energy consumer, and a threat of violence in Nigeria's oil region.
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Oil futures prices rose more than $1 a barrel in a volatile trading session yesterday after a government report showed a sharp rise in US crude supplies and tightening inventories of heating oil.
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SAN FRANCISCO (AFX) -- Crude-oil futures closed higher to tally a gain of 5 percent for the month, lifted by growing doubt that ChinaÃ¢â¬â¢s interest-rate hike will dampen energy demand, and the ever-existing possibility that supply disruptions could
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Oil prices climbed more than $2 higher  on Friday on renewed concern over  supplies of distillate fuels  in all main consuming centers before the Northern Hemisphere  winter.
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Oil prices climbed above $47 a barrel today, after figures showed supplies in the U.S. were down for a third consecutive week.
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Crude oil futures prices rose Wednesday because of lingering concerns about heating oil supplies and fears that OPEC could rein in output when it meets later this week.
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Crude oil futures edged up toward $50 a barrel today amid renewed fears over winter supplies. Light sweet crude for delivery in January traded at $49.49 a barrel at midday in Europe, up 60 cents from the contract&#39;s
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Business & money: Crude oil over $100 a barrel for the first time, following jitters over possible tightening of supply
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Crude oil prices surged to a new high Monday on supply concerns ahead of the winter, a possible petroleum-industry strike in Norway and data showing that China&#39;s big demand for oil is likely to increase.
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Oil prices climbed on Friday as tight  supplies of distillate fuels ahead of the northern hemisphere  winter spurred buying.
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Oil prices climbed yesterday as tight supplies of distillate fuels ahead of the northern hemisphere winter spurred buying. London IPE Brent rose 61 cents to $43.33 a barrel , while US light, sweet crude gained 46 cents to $46.68 a barrel.
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Crude oil rose for the first day in four on speculation that US inventory gains and forecasts for rising temperatures didn&#39;t justify yesterday&#39;s 6.5 percent decline in prices.
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Oil prices climbed higher in Asian trade today as fresh concerns over the possibility of energy shortages in the northern hemisphere winter sparked another wave of panic among investors, dealers said.
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Oil prices rose on Monday in choppy trading, reflecting contrasting concerns about political tension in the Middle East and worries that a possible U.S. recession could curb oil demand.
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NEW YORK - Oil prices continued climbing on Wednesday as supply concerns lingered and a weekly report showed US crude inventories were smaller than expected.
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Oil rose $1 on Monday as the dollar slipped and tensions between the United States and Iran stoked supply concerns.