Oil edged down on Tuesday for the fourth straight day, relinquishing earlier gains, as fresh concerns about weaker demand in top oil consumer the United States tempted some players to cash in. US crude was down 66 cents to ,20 a barrel by 14.40am GMT, off the day’s high of ,60.
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/ 21 September 2007
The price of London Brent oil hit another all-time high on Friday on United States storm concerns at the end of a record-breaking week that saw New York crude soar beyond per barrel. The price of Brent North Sea crude for November delivery surged as high as ,35 per barrel, beating Thursday’s record.
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/ 18 September 2007
Oil prices topped 81 dollars a barrel for the first time on Tuesday, setting another record high amid fears of critically tight supplies for the winter season in the United States. Opec’s announcement last week that it would pump an extra 500 000 barrels per day from November has failed to stop the surge in price.