Crude steady in Christmas season
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Singapore: Crude futures held steady below $45 a barrel today after steep overnight falls that came as the US Government reported a surprise build in stocks of oil and distillates.
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Crude oil futures stayed above US$55 a barrel Wednesday, over fears of a heating oil shortage before an expected cold Northern Hemisphere winter.
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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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Crude oil futures markets reflected some caution Tuesday about tight distillate supplies, despite expectations that a winter supply crisis will be averted.
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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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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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VIENNA: OPEC is keeping its foot to the pedal on oil production in a bid to push crude prices back below $40 a barrel. Risking a counter-seasonal fourth quarter build in world crude stocks, Saudi Arabia will
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Oil prices held firm on Friday after leaping almost $2 a day earlier on news US crude stocks sank to a five-month low last week and distillate fuels barely grew ahead of 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 on Tuesday on  concerns about another cold snap in the United States and  possible supply disruption in the Middle East and Russia.
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Oil prices held strong on Friday not far below the &#36;55-a-barrel mark as traders worried time is running out to top up low heating oil inventories before winter.
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Singapore: Crude futures stayed close to the US$49 mark in Asia today, amid renewed fears that heating oil supplies may not meet demand for the coming Northern Hemisphere winter.
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Oil held steady above $63 on Monday, as a dense fog delayed U.S. crude shipments and traders factored in OPEC's plan to further cut output.
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U.S. oil prices steadied near  one-month lows on Tuesday, holding most of their 9 percent  losses since the end of January, on rising stockpile levels and  mild winter weather in the world's biggest consumer.
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Crude oil was little changed in London after falling 12 percent from a record two weeks ago as rising US inventories, steady imports and mild temperatures generated optimism refiners will make enough heating oil for the winter.
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US stocks should hold firm next week with little economic data or corporate news on tap to move the market going into the Christmas holiday, strategists said.
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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.