Oil Dips, Watches Heating Stocks, Weather
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Oil prices slipped on Tuesday but  remained well above $48 a barrel as dealers weighed up whether  a thin cushion of heating fuel in the United States would be  sufficient to meet winter demand.
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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 fell 5 percent on Monday as forecasts of a return to mild winter weather in the US Northeast eased worries about heating oil suppplies.
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Oil prices held firm on Monday, clinging to gains made in the last week as the key heating oil consuming region of the U.S. Northeast braced for a cold snap that could test low winter fuel supplies.
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Oil prices steadied on Tuesday, after  sliding 3 percent on Monday as forecasts of continued mild  winter weather in the United States soothed concerns over low  heating oil stocks.
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Oil prices eased on Friday as swelling  crude stockpiles countered worries over a cold snap in the U.S.  Northeast that is expected to keep furnaces fired up until the  middle of next week.
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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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LONDON : Oil prices fell as markets reckoned on there being enough heating fuel to meet demand in key markets once winter arrives, despite further drops in US stockpiles, analysts said.
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WASHINGTON -- Oil prices fell by more than $1 a barrel yesterday , dipping below $67 as traders focused on slackening demand and rising supplies.
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Oil prices slid on Monday on  expectations that more mild U.S. weather at the start of the  New Year will limit heating oil demand.
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Oil prices fell 5 percent on Monday as forecasts of a return to mild winter weather in the U.S. Northeast eased worries about heating oil suppplies.
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LONDON  - Oil prices see-sawed, failing to sustain a brief rally on news of a surprise fall in US distillate stockpiles, including heating fuel, and an unexpectedly small increase in crude inventories.
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Oil prices dipped on Thursday but held near $80 a barrel and the previous day's record high, as dealers watched a tropical storm in the Gulf of Mexico after a sharp fall in U.S. crude stocks.
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U.S. oil prices touched a new three-month low on Wednesday as mild winter weather in the United States and expectations of a rise in heating fuel stocks kept the downward pressure on the market.
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Crude oil futures prices briefly dipped below $48 a barrel Tuesday on expectations that US oil supplies will continue to grow and that heating oil inventories will be adequate this winter.
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Oil prices held firm on Monday, clinging  to gains made in the last week as the key heating oil consuming  region of the U.S. Northeast braced for a cold snap that could  test low winter fuel supplies.
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Oil prices eased on Tuesday as milder  weather in the immediate term quelled concerns about thin fuel  stocks, though the market remained nervous about possible  supply disruption in the Middle East and Russia.