Oil extends retreat on economic worries
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Oil fell on Monday, extending the previous session's decline, as the market mulled over gloomy U.S. economic data and the impact on demand should the world's top energy consumer slip into recession later this year.
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Oil prices fell on Thursday, extending  losses triggered the previous session by U.S. data showing a  big rise in stocks of winter heating fuels in the United States  as mild weather suppressed demand.
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Oil extended its retreat by more than  $1 on Thursday after an unexpectedly large rise in U.S. crude  inventories spurred speculative funds to take profits out of  record high prices.
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Crude oil extended its retreat on Monday from a 21-year high near &#36;50 a barrel, lifting most Asian shares and giving investors some respite from concerns that energy costs would choke off profits and economic growth.
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Oil fell on Monday, extending the  previous session's decline, as the market mulled over gloomy  U.S. economic data and the impact on demand should the world's  top energy consumer slip into recession later this year.
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Oil prices eased to $45 a barrel on  Tuesday, extending a profit-taking set-back despite a looming  cold spell in the eastern United States and global supply  outages.
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Oil fell more than a dollar towards $89 a barrel on Monday as falling global stock markets amid renewed worries about the health of the global economy spurred profit taking.
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Oil prices extended their decline on Wednesday to below $88 a barrel as poor U.S. economic data reinforced fears that the world's largest economy is on the brink of a recession, knocking stock markets lower.
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Oil extended losses for the seventh   consecutive session on Tuesday, retreating to around $65 a   barrel, after Iran sounded a softer note on its atomic program   and OPEC agreed to keep production steady for now.
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Oil prices sank more than 2 percent and fell below $44 a barrel Wednesday, extending their recent slide after a government report showed domestic gasoline supplies had not fallen last week, as Wall Street had expected last week.
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Investors extended their blue chip selloff Thursday as oil prices neared their all-time highs, renewing Wall Street&#39;s concerns that high energy costs would deflate third-quarter earnings.
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Oil extended its retreat on Thursday,  taking two-day losses to 6 percent after an unexpectedly large  rise in U.S. crude inventories spurred speculative funds to  take profits out of record high prices.
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Oil prices continued falling on  Thursday after an unexpectedly large rise in U.S. crude  inventories spurred profit-taking from record highs.
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WASHINGTON: Oil prices retreated slightly yesterday after surpassing $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 eased further on Thursday,  deepening the previous day's three percent slump after a  surprise increase in U.S. fuel stocks eased worries about  meeting peak winter demand.
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Oil prices took time out on Friday from this week's succession of record highs but anxiety over outages in the U.S. Gulf, Nigeria and Norway in the run-up to winter left little hope of relief for consumers.
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Oil prices continued falling on Thursday after an unexpectedly large rise in U.S. crude inventories spurred profit-taking from record highs.