Oil prices hit new high - and more to come
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Crude oil prices will top $US50 ($A69) a barrel for the first time this week, despite a slight fall in New York on Friday night, some analysts have predicted.
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NEW YORK - Crude oil prices surged to a new high this morning in European trading, with a barrel fetching as much as $55.67. Two reasons were offered by wire-service reports--one relatively old, and one brand new.
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Oil prices surged to a new high above $47 a barrel on Wednesday on evidence that energy costs are not substantially slowing the economic growth that fuels oil demand.
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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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Oil prices soared to new highs on both sides of the Atlantic today as traders fretted over increasingly short supplies. The cost of crude in New York broke through the
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Oil futures reached their highest level in two weeks Friday as investors who had expected lower prices were forced to cover their bets amid colder weather and rising fuel demand.
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Business & money: Motorists set to face higher prices at petrol pumps after cost of oil surges above $79 a barrel.
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CRUDE oil prices surged past US$50 a barrel for the first time yesterday to a new record high, raising concerns that higher energy costs could slow the global economy next year.
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Oil prices have been at record highs this year, with money gushing into the coffers of oil producers thanks to the world&#39;s growing thirst for oil.
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NEW YORK, October 8  - Crude oil price increased to a new record high of $53.40 per barrel at the New York Mercantile Exchange (NYMEX) today, marking the fourth consecutive day of new record high levels.
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NEW YORK -- Oil prices have moved to fresh record highs of almost $47 a barrel on concerns about potential supply disruptions in Russia and Iraq.
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Global oil prices set a 10-month high, breaking through the $73 a barrel level due to high US petrol demand.
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Oil prices reach a fresh high above $98 a barrel but fall back on higher-than-expected US crude supply figures.
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Oil prices struck a fresh record on Thursday, spurred higher by renewed violence in Iraq and fresh evidence that strong demand growth in China and India has not been slowed yet by higher energy costs.
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Oil prices surged to new record highs  again Tuesday, taking U.S. crude above $54, with global  supplies hounded by outages that are thwarting efforts to build  winter heating fuel inventories.
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Oil prices hit fresh records again on  Monday, pushing London Brent crude above $50 for the first time  and extending a relentless rise that has added around 65  percent to the cost of crude this year.
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Business & money: Violent storms in the North Sea helped push global oil prices to new highs of just under $100 per barrel.