Oil tops US$55-a-barrel mark
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Crude oil prices surged above the US$55-per-barrel mark on Monday on concerns that tight global supply would lead to a further drop in US inventories of heating oil ahead of the winter season.
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Oil prices rallied to a record above  $55 a barrel Monday on concerns over a winter fuel supply  crunch, and as traders took comments from a top U.S. official  to mean high prices have yet to really dent American demand.
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Oil prices struck a fresh record high above $47 a barrel on Thursday as fresh evidence of demand growth in China and India underlined how rising appetite for oil is straining the world&#39;s supply system.
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U.S. oil hit $55 a barrel on Friday as  traders worried over thin heating oil inventories ahead of  winter and Federal Reserve Chairman Alan Greenspan predicted  the soaring costs would not crimp economic growth as they did  in the 1970s.
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LONDON -- Oil scaled a new high above $55 a barrel Monday as a threat by Norwegian ship owners to halt production from the world&#39;s third biggest exporter stoked fears of a winter supply crunch.
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Oil prices broke above $55 a barrel on Tuesday as concern lingered over thin world heating oil supplies ahead of the northern winter.
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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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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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LONDON - Crude oil topped the psychological milestone of $50 per barrel Tuesday for the first time, and a Saudi Arabian oil official said the world's largest petroleum exporter would raise its production capacity by 15 percent in a bid to calm prices.    Analysts said instability in the Middle East, political unrest in Nigeria, Africa's top oil exporter, and damage to U.S...
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LONDON  - World oil prices marched towards 55 dollars on worries about low stocks of US heating fuel and tight crude supplies, amid strong demand ahead of the northern hemisphere winter.
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Crude oil futures rose to a record $55.39 a barrel in New York after the release of a report showing that the Chinese economy grew more than expected last quarter.
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Oil prices hit another record on  Friday, trading as high as $53.40 a barrel, on supply worries  ahead of a planned oil worker strike in Nigeria and delays in  post-Hurricane Ivan U.S. output recovery efforts.
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Crude oil futures stayed above US$55 a barrel Wednesday, over fears of a heating oil shortage before an expected cold Northern Hemisphere winter.
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SINGAPORE - The price of crude oil surged past an unprecedented $55 per barrel Monday amid continued uncertainty over production, high demand and tight supply globally.    The price of crude for November delivery on the New York Mercantile Exchange reached $55.02 per barrel mid-morning in Asia, up 9 cents from its settlement price on Friday...
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Oil prices climbed above $47 a barrel, setting yet another record, after figures showed that supplies in the United States were down for a third consecutive week.
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LONDON - Oil prices hit $47 a barrel yesterday, the highest level in a month, as China showed no let-up in its strong import growth and US Gulf producers reported damage to offshore rigs from Hurricane Ivan.
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Oil prices struck a fresh record high  above $47.50 a barrel on Thursday as fresh evidence of demand  growth in China and India underlined how rising appetite for  oil is straining the world's supply system.