Oil prices breach US$50, setting new mark in Asian trading
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Crude oil prices pushed past the psychologically important US$50-per-barrel mark Tuesday to an all-time high of US$50.01 as the market reacted to the slow recovery of US oil production in the Gulf of Mexico following Hurricane Ivan.
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U.S. oil prices reached a record $50 a  barrel on Monday as Nigeria emerged as the latest focus for  worries about supply in an already tight worldwide energy  market.
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World oil prices rose to a new record high above 55 US dollars a barrel Friday, stirring fears of 60-dollar-a-barrel New York crude, as concerns about the global supply of heating
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NEW YORK - Oil prices raced to new record highs above US$50 on Tuesday as rebel threats against Nigerian oil facilities threatened to inflict further strain on global supplies.
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Oil lingered above the $50 per barrel threshold in Asian trade Wednesday, breaching the mark for the second straight day ahead of key US crude stockpile data.
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Crude oil reached a new high in Asian trade Thursday, hitting $52.38 US per barrel as the market took stock of reports of a possible strike in Nigeria and the sluggish revival of output in key Gulf of Mexico oil fields following hurricane
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World oil prices ruptured fresh records on Tuesday, as US light crude punched through the $50 a barrel mark. US light crude leapt to $50.
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US oil prices reached a record $50 a barrel on Monday as Nigeria emerged as the latest focus for worries about supply in an already tight worldwide energy market.
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Crude oil continued to move upwards to fresh highs in Asian trade today, hitting a new mark of $52.53 US per barrel as the market took stock of a possible strike in Nigeria and the sluggish revival of output in key Gulf of Mexico oil
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U.S. crude oil futures broke through &#36;50 to a new record on Tuesday, on worries over supply disruptions from Nigeria and other major producers.
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Oil prices rose to record highs Monday  near $50 a barrel for U.S. crude as Nigeria emerged as the  latest focus for worries about supply in an already tight  worldwide energy market.
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Singapore - Crude oil prices breached the $54 mark on Tuesday to reach a new all-time high, fueled by continuing worries over supply in Nigeria and reduced output in the hurricane-hobbled Gulf of Mexico.
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Crude oil prices will top $US50 ($A69) a barrel for the first time this week, despite a slight fall in New York on Friday night, some analysts have predicted.
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Oil prices struck a fresh record just  under $49 a barrel on Thursday, spurred higher by renewed  violence in Iraq and fresh evidence that strong demand growth  in China and India has not been slowed by higher energy costs.
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Overnight trading in Asia kept oil prices at around the USD53.64 closing record they set in NY last night. Analysts said the price was supported by new concerns about the possible effects of a general strike
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The price of crude oil surged past $55 per barrel Monday on lingering supply fears in trading in Asia.
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The price of crude oil surged above $50 a barrel in after-hours trading yesterday, raising fears of an economic slowdown and higher prices at the gas pump.