Oil Hits $51 a Barrel on Supply Outage
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Oil prices hit a new record of more  than $51 a barrel Tuesday as a prolonged U.S. production outage  following Hurricane Ivan attracted fresh speculative buying.
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Crude oil prices fell below 51 dollars a barrel Thursday as supply concerns ahead of the winter eased after an high rise in US inventories.
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Oil prices hit record highs again Wednesday, amid continuing concerns about the supply of crude oil. In New York, crude oil for future delivery hit an all-time high of $51.
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US oil prices neared $51 per barrel Tuesday, steered by speculative buyers wary of US production after Hurricane Ivan and conflicts in other oil-producing nations.
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Oil prices have fallen sharply after briefly surpassing $54 a barrel amid nagging concerns in the market that the global supply buffer is too thin to handle a significant output disruption.
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Oil prices spiked up above $51 a barrel on Wednesday as increasing signs of an electoral victory for US President George W. Bush raised the prospect of continued
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Crude oil futures traded near a record after rising above $51 a barrel yesterday on concern hurricane damage to production platforms in the Gulf of Mexico will keep supplies from rising enough to meet winter demand.
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Crude oil futures traded near a record after rising above $ 51 a barrel yesterday, on concern that Gulf of Mexico producers won&#39;t fix hurricane damage fast enough to meet winter demand.
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Oil prices hugged $50 a barrel on Wednesday on worries of potential supply disruptions and with US crude inventories expected to fall due to the lingering effects of Hurricane Ivan.
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London - Oil prices roared to new record highs yesterday, within a whisker of $51 a barrel, on worries about supplies from the Gulf of Mexico, where almost 30 percent of production remains shut.
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LONDON: World oil prices surged into new record territory above $50 a barrel Tuesday as traders took fright at a multitude of supply threats, including unrest in Nigeria and recent hurricanes.
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Oil prices surged to record highs above  $54 on Tuesday as supply hitches hindered efforts to build  winter heating fuel inventories.
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Oil prices hit a one-month high of $47 a barrel yesterday as traders worried that US petroleum inventories had drawn down heavily due to Hurricane Ivan.
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Oil prices darted above $US51 a barrel Tuesday as output in the Gulf of Mexico remained in shambles more than two weeks after Hurricane Ivan tore through the region.
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Oil prices hit fresh record highs above  $51 a barrel Wednesday, whipping up worries that high prices  could hit economic growth and weighing on European shares that  were dented by downbeat news from AstraZeneca.
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Oil prices scrambled back over &#36;50 a barrel Tuesday, kept on edge by a prolonged production outage in the Gulf of Mexico at a time when major exporters are already pumping nearly full tilt.
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The price of crude oil breached the $51 US mark again after falling for most of the day Friday on a surprising midweek US petroleum stocks report and China&#39;s latest moves to cool its economy.