Venezuelan oil price rises to 37.08 dollars a barrel
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Venezuela&#39;s oil price has increased by 0.89 dollars to 37.08 dollars a barrel, the Energy and Mining Ministry said on Friday. The ministry attributed the price rise to hurricane
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NYMEX crude oil futures  hit a new record of &#36;46.76 on Monday on worries about possible unrest and disruption to oil supply as Venezuelans voted in a referendum on whether to recall President Hugo Chavez.
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The European Central Bank upgraded Thursday its forecasts for oil prices both this year and next year. The guardian of the euro expected the price of oil to average 36.
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Oil prices simmered near new record  highs Monday even though early reports of victory for  Venezuelan President Hugo Chavez in a referendum on his rule  eased fears that unrest could upset the country's oil exports.
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Oil prices rose to near $63 a barrel on Friday, after BP Plc shut in output at an oil field in Alaska and OPEC members Nigeria and Venezuela pledged to cut production.
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Oil prices jumped to a new record high near &#36;47 on Monday with traders on tenterhooks for the result of Venezuela's weekend referendum and Iraq's exports again disrupted by a Shi'ite uprising in the south.
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Global oil prices rise as Venezuela and Nigeria say they are cutting production.
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Oil prices have gone up sharply in the past month because of production snags in the Gulf of Mexico, where more than 22.6 million barrels of production have been lost since Hurricane Ivan hit mid-September.
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After hovering above $22 for months, cartel looks to adjust range to $28 to reflect soaring prices. SYDNEY  - OPEC may set a new target range for oil prices next week and would like to see crude down
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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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ARIS, Aug. 18 - Oil prices climbed above $47 a barrel on Wednesday, setting yet another record, after figures showed supplies in the United States were down for a third consecutive week and a report from OPEC highlighted the threat of high ...
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Oil prices jumped almost $1 to more than $62 a barrel this afternoon after the Organization of Petroleum Exporting Countries announced plans to cut production by 500,000 barrels a day.
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Oil prices climbed toward $47 a barrel  on Thursday after bullish fuel stocks data in the United States  and a series of production hitches across the globe.
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KUWAIT CITY - Opec is considering raising its price band to between 28 and 30 dollars a barrel, Qatar&#39;s Energy Minister said in comments published yesterday, ahead of a crucial meeting of the group.
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Venezuelan president Hugo Chavez said today in Moscow that 50 US dollars per barrel of oil is âan acceptable priceâ adding that OPEC (Oil Petroleum Exporting Countries) must make sure the price does not drop below 30 US dollars.
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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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JAKARTA The Organization of Petroleum Exporting Countries is united on the need to raise its oil price target to an average of $30 a barrel, a top Iranian oil official said on Thursday, but the cartel has yet to agree on when to move its price range higher