Oil Prices Hit Peaks on Winter Worries
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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 U.S. demand.
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LONDON  - Oil prices pushed higher, extending sharp gains seen late last week as cold weather forecasts for the United States and Europe rattled markets nervous about tight winter supplies.
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Oil prices jumped to record highs  above $54 on Tuesday as supply hitches hindered efforts to  build winter heating fuel inventories. They later shed over a  $1 a barrel as traders took profits from the surge.
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Heating oil prices are unusually high right now, so high that some analysts are wondering whether it's worthwhile for homeowners to try to lock in a price at these levels for the winter.
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LONDON  - Oil prices rose over worries about a possible supply shortage of US heating oil stocks during the northern hemisphere winter.
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Oil prices edged higher on Tuesday  following Monday's fall of nearly $3 made on rising U.S.  stockpiles and warmer-than-expected winter weather.
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Oil prices made fresh gains above $55 a barrel on Monday led by record-breaking heating oil prices on fears of a winter supply crunch.
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Oil surged beyond $90 to a new peak on  Friday as tight fuel stocks ahead of winter and a softening  dollar spurred investor buying.
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Oil bounced back above $59 a barrel on Tuesday as the coldest weather of the U.S. winter was expected to draw down heating oil stocks.
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LONDON: Oil prices extended record-setting highs above US$51 for US crude yesterday, led by worries over the impact of Hurricane Ivan on US winter fuel stocks.
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Oil prices climbed to a seven-week high above &#36;49 a barrel on Tuesday as a cold front swept into the U.S. Northeast, stoking winter fuel demand.
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Oil soared to another record yesterday on worries that global energy supplies could shrink to critical levels during this winter heating season because of strong growth in demand.
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Oil soared to a record above $80 a barrel on Monday on worries that global energy supplies could shrink to critical levels this winter heating season due to strong demand growth.
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Oil prices roared to fresh record highs on Thursday as the U.S. government reported another fall in heating fuel stocks ahead of winter.
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Oil prices surged more than $1 on  Wednesday as worries over tight heating fuel supplies in the  U.S. and Europe this winter countered a previous bout of  profit-taking by big-money funds.
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Oil prices rose a dollar on Friday as  worries a cold spell in the United States could erode already  depleted winter fuel inventories spurred the market higher.
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Oil prices edged up toward $48 a barrel early on Friday as worries that an early or severe winter could stress low winter fuel stocks helped staunch the market&#39;s $8 tumble from record highs.