Oil Prices Drift Around $47 a Barrel
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Oil prices drifted around $47 a  barrel early on Wednesday, well off recent peaks as traders  braced for another increase in U.S. crude oil inventories.
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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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LONDON: Oil prices fell to seven-week lows below $47 a barrel on Wednesday as traders braced for another increase in US oil and natural gas inventories.
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Oil prices fell to seven-week lows below $47 a barrel on Wednesday as traders braced for another increase in US oil and natural gas inventories ahead of winter.
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Oil prices held steady near $47 on  Wednesday, a day after striking another record peak as U.S.  inflation stayed in check despite scorching energy costs and  ahead of weekly data expected to show a drop in crude stocks.
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Oil prices drifted below $47 a barrel  early on Wednesday, well off recent peaks as traders braced for  another increase in U.S. crude oil inventories.
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Oil prices slipped on Monday but held above &#36;49 a barrel as easing concerns about a winter supply crunch pulled the market further away from record highs set two weeks ago.
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Oil futures retreated below $50 US a barrel Monday, though analysts said there is enough uncertainty about geopolitics and weather - and the industry&#39;s ability to boost crude oil output quickly - to keep prices from plummeting anytime
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SINGAPORE - Crude oil futures hovered around the US$55-a-barrel mark Wednesday on fears of a heating oil shortage ahead of the northern winter, and oil cartel OPEC urged Washington to release more oil from its strategic reserve to calm the market.
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Oil prices firmed above $47 a barrel  on Friday, bolstered by a tightening outlook for market  fundamentals and concern OPEC may cut its output this spring.
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Crude oil futures moved above $47 US a barrel on Tuesday, reflecting concern about tight distillate supplies despite expectations that a winter supply crisis will be averted.
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Oil prices held firm, close to $47 a  barrel on Wednesday after U.S. data showed the disruption  caused by Hurricane Ivan had eaten into fuel stocks.
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Oil prices settled just below $57 a barrel â a gain of almost $3 â and the price of natural gas soared more than 11 percent on expectations of more arctic weather in the United States.
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Oil prices held firm above $55 a  barrel on Wednesday as traders braced for the start of the  northern winter with thin heating oil supplies.
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U.S. oil prices were steady on  Thursday, holding gains of nearly $2 from a day earlier after a  U.S. government report showed crude oil stocks falling to their  lowest level in five months.
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LONDON - World oil prices eased slightly yesterday but remained close to record high points near 55 dollars a barrel as traders fretted about low inventories of US heating fuel heading into the northern winter.
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NEW YORK -- Oil prices have moved to fresh record highs of almost $47 a barrel on concerns about potential supply disruptions in Russia and Iraq.