Global worries push oil above $70
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Oil prices push above $70 a barrel amid fears over US-Iran tensions and low US fuel stockpiles.
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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 surge past $70, hitting their highest level in 10 months on concerns about short-term supply.
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Oil surged above $70 on Monday on news a  cyclone was headed towards the oil-producing Arabian peninsula  with a potential to disrupt shipping and output.
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A fresh attack on oil facilities in Nigeria and possible strike action by workers there sends oil prices above $70 a barrel.
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Oil rose above $98 a barrel before falling back on Monday as reports of rising tensions in the Middle East outweighed concerns of demand outlook in top consumer United States from a feared economic recession.
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Global oil prices soar after a decline in US petrol and oil inventories that was larger-than-expected.
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Oil  breaches the $81 a barrel mark on worries about rising demand amid constrained supply.
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The price of oil has continued its sharp rise overnight, closing at a record high. The main contract in New York, light sweet crude for delivery next month, has closed at a record $US46.75 a barrel - up 70 cents on yesterday&#39;s close.
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Oil surged above $70 on Monday on news a cyclone was headed towards the oil-producing Arabian peninsula with a potential to disrupt shipping and output.
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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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Oil prices have continued their record-breaking run on Wednesday, busting through the $47-mark amid concerns that demand will outstrip supply.
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Global oil prices raced to fresh  highs on Friday with U.S. crude approaching $49, driven by  escalating violence in Iraq and unabated demand growth from  China and India.
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WASHINGTON -- Oil prices finished slightly above $70 a barrel yesterday as traders eyed the nuclear dispute between Iran and the West and after BP PLC officials said the company's Prudhoe Bay output could be restored earlier than expected.
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Oil prices surged to record highs above  &#36;78 on Friday as global geopolitical storm clouds gathered,  with supply disruption in OPEC exporter Nigeria and tensions  across the Middle East driving crude into unchartered  territory.
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Oil bounced back above $70 a barrel on   Wednesday, recovering from a 10-week low, as traders   anticipated Iran would fail to meet a looming U.N. deadline to   halt its atomic fuel program.
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LONDON : World oil prices bolted up to new record summits beyond 52 dollars on markets nervous about tight global supplies with winter looming in the northern hemisphere.