Oil Near Peaks on Winter Supply Worries
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Oil prices held near record peaks on  Thursday after a larger-than-expected decline in heating fuels  in the United States heightened fears of a winter supply  crunch.
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Top forecasters predict normal to colder-than-normal weather for the U.S. Northeast this winter, but high fuel stockpiles may buffer consumers in the world's biggest heating oil region from price spikes.
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Crude oil futures moved upward Wednesday, as the northeastern United States _ a heavy consumer of heating oil _ felt the first signs of what could likely be a colder-than-expected winter.
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Oil prices climbed to a seven-week high above &#36;49 a barrel on Tuesday as a cold front swept into the U.S. Northeast, stoking winter fuel demand.
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Oil bounced back above $59 on Tuesday on expectations the coldest weather of the U.S. winter would cut heating oil stocks in the world's top energy consumer.
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Oil prices jumped to record highs  above $54 on Tuesday as supply hitches hindered efforts to  build winter heating fuel inventories. They later shed more  than a $1 a barrel as traders took profits from the surge.
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Oil rose above $61 on Wednesday, pushed higher by expectations colder weather in the U.S. Northeast would boost demand in the world's top heating oil market.
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Crude oil rose to a two-week high on concern that heating oil supplies may be insufficient as the winter heating season approaches in North America and Europe.
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Oil prices rose sharply on Friday as  worries a cold spell in the United States could erode already  depleted winter fuel inventories spurred the market higher.
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Crude oil futures moved upward Wednesday, as the northeastern United States - a heavy consumer of heating oil - felt the first signs of what could likely be a colder-than-expected winter.
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Oil prices rose on Friday as tight  supplies of distillate fuel, including heating oil, ahead of  the northern hemisphere winter spurred buying.
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Oil prices climbed more than $2 higher  on Friday on renewed concern over  supplies of distillate fuels  in all main consuming centers before the Northern Hemisphere  winter.
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Crude oil prices have resumed their upward trend amid continuing worries about supplies for the northern hemisphere&#39;s approaching winter.
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Oil prices held near historic highs over &#36;53 a barrel on Tuesday, with global supplies hounded by outages that were thwarting efforts to build U.S. heating oil inventories ahead of the winter.
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Oil prices rose for the fourth out of the last five sessions Thursday as low stocks of heating fuel in all major consuming regions fostered supply concerns ahead of winter.
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Oil prices held steady above &#36;53 a barrel on Wednesday as worries over a winter supply crunch countered expectations that high fuel costs would curb growth in petroleum demand next year.
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Oil prices climbed to a seven-week  high above $49 a barrel on Tuesday as a cold front swept into  the U.S. Northeast, stoking winter fuel demand.