Crude oil rally runs out of gas
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NEW YORKâCrude oil futures finished a tad higher yesterday, as an early rally succumbed to a late wave of profit taking. The early rally was triggered by news of a pipeline explosion in Iraq and fresh concerns
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Crude oil closed above $100 a barrel on Tuesday, vaulting through a longstanding psychological barrier amid concern about whether production can keep up with global demand.
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Crude oil fell from yesterday&#39;s record of $54.88 a barrel in New York amid concern that sustained high prices may slow economies and reduce demand for energy.
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The price of crude oil futures reached an all-time high Monday, closing just under $50 per barrel, due to hurricane-related production shortages in the Gulf of Mexico and political turmoil in Africa and the Middle East.
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NEW YORK - Crude-oil futures rallied back above $53 late on Wednesday on speculation and panic sparked by an oil-line explosion in Mexico.
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WASHINGTON -- Crude oil futures surged more than $1 US a barrel yesterday after the US government reported that America&#39;s supply of distillate fuel, which includes heating oil, shrank for the eighth consecutive week.
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CAMARILLO, Calif. Nov 7, 2004 - An increase in the worldwide supply of crude oil contributed to a dip in US prices at the gas pump over the last two weeks, an industry analyst said Sunday.
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NEW YORK -- A worse-than-expected manufacturing report and falling natural gas prices pulled the plug yesterday on a two-day oil rally that saw prices jump more than $4 a barrel.
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LONDON, Nov 18  - Oil prices continued their decline Thursday after a brief rally on the back of renewed concerns over heating oil stocks in the United States fizzled out.
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Oil prices fell sharply from near record peaks on Wednesday after a larger-than-expected build in US crude stocks spurred traders to take profits from a fierce rally.
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Crude oil futures fell below $47 a barrel yesterday as the US government's latest petroleum report showed an unexpected rise in gasoline inventories and a surprising decline in the nation's oil supply.
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The biggest one-day drop in the price of crude oil in more than three years ignited a rally Wednesday that sent the Dow Jones industrial average up by more than 160 points.
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U.S. crude futures soared to a record  &#36;75.40 per barrel on Wednesday amid a rally in gasoline prices.
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Crude oil prices closed at a new record high, extending the recent rally to seven sessions, as traders weighed the impact of the Energy Department&#39;s decision to use the nation&#39;s Strategic Petroleum Reserve to offset lost production as a result of
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Global oil prices rallied to fresh highs on Friday with U.S. crude approaching &#36;49, driven by escalating violence in Iraq and unabated demand growth from China and India.
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Oil futures prices sank to their lowest level in nearly a month yesterday on a continuation of the sell-off sparked last week by rising US supplies of crude
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WASHINGTON &#151; Oil prices charged toward $50 a barrel yesterday, and gasoline prices surged to $1.92 a gallon last week, as petroleum output in the Gulf of Mexico returns at a slower-than-expected rate after Hurricane Ivan, and geopolitical unrest keeps traders on edge.