Oil sinks below $47 as supplies build
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Traders brace for another rise in US crude, natural gas stocks, IEA says prices may have peaked. LONDON  - Oil prices fell to seven-week lows Wednesday, below $47 a barrel, as traders braced for another
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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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Crude oil prices fell below 51 dollars a barrel Thursday as supply concerns ahead of the winter eased after an high rise in US inventories.
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Oil prices fell sharply yesterday after briefly passing $54 a barrel amid nagging concerns in the market that the global supply buffer is too thin to handle a significant output disruption.
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Oil prices briefly raced above $47 a barrel yesterday, then backed off after worries faded about colder weather in the United States and about rough weather that slowed efforts to restore crude production in the North Sea.
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Oil prices eased below $62 on Monday, extending last week's losses, as concern over brimming global fuel inventories offset a likely second supply cut by OPEC and news of deepening Saudi export curbs.
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Oil prices plunged by $3.64 a barrel Wednesday-- a drop of more than 7 percent -- after the release of government data that showed a larger than expected increase in fuel supplies.
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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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Oil prices fell further below $50 on Wednesday as a fresh rise in US crude oil inventories outweighed the impact of President Bush&#39;s victory in the US election.
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Crude oil futures traded below $49 a barrel Monday following a steep runup on Friday that was prompted by persistent concerns about winter fuel supplies.
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Oil prices climbed above $47 a barrel today, after figures showed supplies in the U.S. were down for a third consecutive week.
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Oil prices held just below $48 a  barrel on Tuesday, as the market remained nervous that OPEC  producers may cut supplies before the end of the first quarter.
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Oil prices fell sharply last night, taking US crude below $50 ahead of the US presidential election. US light crude dipped as low as $49.
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Oil prices tumbled below $47 on  Monday after OPEC producers agreed to keep crude output  unchanged for now and Iraq's elections passed without  disruption to oil exports.
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Oil prices fell on Monday to a 7-week  low under $47 a barrel, as growing fuel stocks in the United  States eased fears of a winter supply crunch despite a cold  snap in North America at the weekend.
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Oil fell $2 to below $75 a barrel on  Thursday after Britain said it had thwarted a plot to blow up  aircraft in transatlantic flight and investors recalled the  slump in fuel demand that followed 9/11.
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Oil prices fell by more than $1 a barrel yesterday and analysts said ample global supplies at a time of year when demand is weak could prompt more selling -- at least until winter heating demand kicks in.