Oil prices cool in volatile trading
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NEW YORK : Oil prices cooled in the wake of sharp spikes last week amid cold weather forecasts for the United States and Europe, but traders said the market remained edgy despite the declines.
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NEW YORK - Oil prices steadied on Tuesday, holding Monday&#39;s losses as forecasts for a swift end to this week&#39;s US cold snap eased worries over thin fuel stocks in the world&#39;s biggest energy consumer.
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Oil prices were little changed on Friday, holding around $59 a barrel after tumbling on a build in crude stocks, but trade was muted by a U.S. holiday.
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Oil prices edged lower on Thursday,  adding to a near 2 percent sell off the previous day caused by  a smaller-than-expected drop in U.S. heating fuel inventories.
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Oil prices declined on international markets on Thursday as reassuring levels of natural gas stocks eased fears of a winter energy crunch in the United States.
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Oil prices held firm Friday after leaping almost $2 a day earlier on news US crude stocks sank to a five-month low last week and distillate fuels barely grew ahead of winter.
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Oil prices held firm on Friday after  leaping almost $2 a day earlier as the U.S. government said  crude stocks sank for the sixth straight week and distillate  fuels barely grew ahead of winter.
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Oil prices fell to a four-week low yesterday, briefly dropping below $50 a barrel, as traders grew less concerned about possible threats to supplies.
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Oil dropped more than $2 a barrel on Friday, joining a slump across the commodities markets amid concern higher interest rates could slow economic growth and cool demand.
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SINGAPORE : Oil prices hovered just below US$50 a barrel in Asian trading on Tuesday as heating stocks for the northern winter remained the prime concern, dealers said.
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Oil prices turned lower Monday as traders apparently shrugged off worries about whether production cuts by two key producing nations were harbingers of further restrictions by OPEC members.
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Oil prices fell below &#36;73 a barrel on  Tuesday in thin trade, but nagging fears about supply  disruption and expectations of strong U.S. demand for gasoline  were expected to prevent a deeper sell-off.
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Oil prices continued their recent slide as optimism that supply would hold up this winter had more traders shifting money out of energy markets.
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Oil prices were little changed Friday amid concerns over a possible slowing of the U.S. economy that could lead to a drop in fuel demand.
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Oil prices fell Wednesday as traders awaited the release of a U.S. government inventory report expected to show increases in supplies of crude, gasoline and distillates.
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SINGAPORE : Crude oil prices slipped further in Asian trade on Tuesday as the market increasingly turned to the view that winter in the northern hemisphere will be mild, dealers said.
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Oil prices slipped further below &#36;55 a barrel on Tuesday, breathing easier after a Norwegian strike threat receded but still anxious over the thin state of pre-winter heating oil supplies.