Update 9: Oil Futures Stabilize on Cold Weather
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Oil futures stabilized Thursday after a jump that reflected a drop in US crude and heating oil stocks amid rising demand fueled by cold weather spreading across the US Northeast and Midwest.
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Oil prices stayed close to $49 a  barrel on Thursday, supported by a forecast for an early cold  snap in the United States that could put a strain on a thin  supply cushion of winter heating fuel.
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Oil prices ticked higher on Tuesday,  holding above $42 a barrel as dealers awaited signs of any  renewed cold snap that would revive demand for winter heating  fuels in the United States.
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SINGAPORE: Oil prices held steady yesterday near seven-week lows on forecasts of colder-than-normal weather in the USâ northeast.
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High-flying oil prices held firm  Monday as a weekend blizzard in the U.S. Northeast strained  tight heating oil stocks.
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Oil prices steadied on Tuesday, holding Monday&#39;s losses as forecasts for a swift end to this week&#39;s US cold snap eased worries over thin fuel stocks in the world&#39;s biggest energy consumer.
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Oil prices stayed close to six-week  highs on Friday on forecasts that a bout of cold weather in the  United States would raise demand for heating fuels and natural  gas.
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U.S. oil prices hovered near &#36;47 a barrel on Wednesday, awaiting data that was expected to show a big drop in fuel stocks in the United States due to weather-related disruptions to output and shipments.
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Oil prices steadied above &#36;48 a barrel on Wednesday as a cold snap in the U.S. Northeast overshadowed an expected build in crude and product inventories.
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Oil prices eased on Wednesday on mild  U.S. weather as traders waited to see whether the first cold  snap of the U.S. winter has eaten into low heating fuel  supplies.
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Oil prices stayed close to &#36;49 a barrel on Thursday, supported by a forecast for an early cold snap in the United States that could put a strain on a thin supply cushion of winter heating fuel.
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Oil prices stabilise near $58 a barrel, influenced by warm US weather and Canadian refinery troubles.
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Crude oil futures traded above $42 a barrel Wednesday as colder weather descended on the northeastern United States, a heavy consumer of heating oil.
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Oil prices held steady on Thursday as concern over lean heating fuel supplies in the United States and Europe ahead of winter stemmed falls of nearly $10 since late October.
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Oil prices climbed near $60 a barrel on Tuesday after bad weather disrupted loadings at Alaska's main export terminal and analysts forecast a drawdown in U.S. fuel stocks ahead of winter.
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U.S. crude oil futures rose to a fresh  six-week high on Friday as frigid weather swooped into the  Northeast heating oil market, threatening to strain already  tight winter fuel stockpiles.
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Oil prices held firm near $47 a barrel  on Friday, bolstered by a tightening outlook for market  fundamentals and sliding U.S. temperatures.