Oil prices cross $51 a barrel
New York: Oil prices in the US hit a new high above $51 a barrel on Tuesday as a long disruption in the Gulf of Mexico from Hurricane Ivan caused concern about winter heating fuel supplies and set off a round of speculative buying.

The November contract for US light crude ended the day up $1.18 to settle at $51.09 a barrel on the New York Mercantile Exchange.

November Brent crude rose 91 cents to settle at $47.10, after reaching an intraday record of $47.25 a barrel.
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