Update 8: Oil Prices Rise on Heating Oil Concerns
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Crude oil futures prices rose Wednesday because of lingering concerns about heating oil supplies and fears that OPEC could rein in output when it meets later this week.
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The price of crude oil surged 4.8 percent in New York yesterday, the biggest rise in more than five months, on concern that cold weather in Europe will draw heating oil from the United States.
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New York: Oil prices pushed higher stoked by nagging concerns that US heating oil stocks could face a supply crunch in coming weeks, as traders sought to cover positions before the Thanksgiving holiday.
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U.S. retail home heating oil prices increased slightly during the last week and heating fuel supplies should stay tight this winter unless temperatures are warmer than forecast, the government said on Wednesday.
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WASHINGTON - Oil prices cruised above $55-a-barrel yesterday as concerns about the global supply of winter fuels persist ahead of the Northern Hemisphere winter.
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WASHINGTON -- Oil futures prices surged to new heights above $55 US a barrel yesterday as concerns about the global supply of heating oil persist ahead of winter.
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Oil prices jumped nearly 2 percent on Tuesday as colder weather in the United States, the world&#39;s largest heating oil market, brought temperatures more in line with seasonal norms.
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Oil prices rose Monday as a gas leak closed a large Norwegian North Sea oil field and the threat of a colder-than-normal US winter fueled worries about low heating oil stocks.
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Oil prices rose well over a dollar on  Friday, spurred by worries a cold spell in the United States  could erode already depleted winter fuel inventories.
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Oil prices climbed $2 higher on Friday  on renewed concern over tight supplies of distillate fuels in  all main consuming centers ahead of the Northern Hemisphere  winter.
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Oil prices rose on Wednesday as a U.S. government report showed heating fuel stocks in the world's largest energy consumer remained tight ahead of the winter, despite a small build in distillate supplies.
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Oil futures prices bolted 5 percent higher yesterday, climbing above $44 a barrel after US government data showed a slight decline in crude and heating oil supplies
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Crude oil futures rose more than $1 a barrel yesterday after the government reported that the nation's supply of distillate fuel, which includes heating oil, shrank for the eighth consecutive week.
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Washington: Oil futures prices bolted 5 per cent higher, climbing above $44 a barrel after US government data showed a slight decline in crude and heating oil supplies as colder weather in the Northeast drove up fuel demand.
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U.S. oil prices rose to a fresh  eight-week high on Tuesday, supported by news of a fire at a  big Louisiana refinery that has slowed the plant's fuel  production.
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Oil prices rise again as traders weigh up supply issues and the geopolitical tensions building in the Middle East.
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Oil prices rose more than $2 on  Thursday as fund-buying and a rally in heating oil reversed two  weeks worth of losses that had been triggered by a stretch of  mild U.S. winter weather.