Update 23: Crude Prices Stay Above $50 Per Barrel
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Oil lingered above the $50 per barrel threshold in Asian trade Wednesday, breaching the mark for the second straight day ahead of key US crude stockpile data.
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Crude oil futures rose to within a quarter of $50 a barrel Monday after a gas leak shut down a North Sea oil production platform and as traders weighed concerns about heating oil supplies against the fact that temperatures have been mild in recent weeks.
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Crude oil climbed back over $50 a barrel on Thursday, with worries over the security of Nigerian supplies supporting prices despite a surprise increase in U.S. crude inventories.
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NEW YORK, October 26  - Crude oil prices resumed their upward rally to close at above $55 per barrel today, with a shift in focus back to the potential winter shortfall in the US inventories of heating oil, diesel and gasoline.
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NEW YORK, November 22  - Crude oil prices increased to near the $50 per barrel mark this morning, amid renewed concerns surrounding a potential shortfall in the heating fuel supplies this winter.
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Crude oil prices climbed above $50 per barrel Tuesday, their highest level since futures began trading in 1983. The increase raises new questions about just how far prices will climb, with
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SINGAPORE - Crude oil prices surged past an unprecedented $55 per barrel Monday as uncertainty swirls over production, high demand and tight global supplies.    Crude for November delivery on the New York Mercantile Exchange hit $55.33 per barrel around noon in Asia, up 40 cents from its Friday settlement price...
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Crude oil futures eased slightly Monday but remained close to the $50 a barrel level amid lingering concerns about shortages of heating oil at the start of the Northern Hemisphere winter.
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Crude oil futures hovered near $50 a barrel Tuesday ahead of key weekly US petroleum inventory data, which traders expect to show a rise in distillate stocks for a second straight week.
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Crude oil surpassed $50 a barrel for the first time and analysts said Tuesday that prices could keep rising because of a sharp rise in global demand, tight supplies and threats to output in petroleum-producing nations such as Iraq and Nigeria.
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The price of oil settled above $50 a barrel for the first time Friday amid concerns over tight supplies globally and hurricane-related production problems in the Gulf of Mexico.
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The price of crude oil ends above $50 a barrel for the first time in 21 years of trade on New York's Nymex exchange.
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Crude oil prices in New York stayed higher Tuesday after passing 50 dollars per barrel as Nigerian rebels threatened oil output and Hurricane Ivan slashed production in the US Gulf of Mexico.
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BEIRUT: Oil prices remained near recent peaks on Friday, with US crude trading just below $55-a-barrel. In midday New York trading, WTI was down 21 cents at $54.
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High-flying oil climbed back toward $50  a barrel on Thursday, with worries over the security of  Nigerian supply supporting prices despite a surprise build in  U.S. crude inventories.
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Crude futures for September delivery traded in New York rose today to $49.40 a barrel, up 70 cents.
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Crude oil futures surged to within striking range of $50 a barrel yesterday, though traders were split on where the market was headed next.