Oil flirts with 50 a barrel before retreating
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PARIS Oil prices rose to a record Monday but shied away from the $50-a-barrel mark, as traders expressed concerns that hurricanes had hurt output in the United States while commercial supplies remained low.
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Oil futures retreated below $50 US a barrel Monday, though analysts said there is enough uncertainty about geopolitics and weather - and the industry&#39;s ability to boost crude oil output quickly - to keep prices from plummeting anytime
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Crude oil extended its retreat on  Monday from a 21-year high near $50 a barrel, lifting most  Asian shares and giving investors some respite from concerns  that energy costs would choke off profits and economic growth.
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The price of a barrel of crude oil passed the record 50-dollar level on Monday, with various factors - such as the violent situation in Iraq and hurricanes in the Gulf of Mexico â-etting the blame for the hike.
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By Malcolm Moore, Economics Correspondent (Filed: 21/08/2004). The price of oil came close to $50 a barrel in New York yesterday, as fighting between US forces and Moqtada al-Sadr&#39;s militia in Iraq continued to inflame the market.
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With oil near $50 a barrel, the Bush  administration said on Thursday it will negotiate with  refineries that want to borrow oil from the federal emergency  stockpile to offset supplies disrupted by Hurricane Ivan.
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The weeklong slide in the price of oil from a record of almost $50 ends with a slight rise in New York and London.
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With oil near $50 a barrel, the Bush  administration said on Thursday it would negotiate with  refineries that want to borrow oil from the federal emergency  stockpile to offset supplies disrupted by Hurricane Ivan.
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Crude oil futures briefly surpassed $50 a barrel Tuesday before retreating sharply amid concerns about low US heating oil inventories ahead of winter.
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Oil prices pierced the $50-a-barrel mark again today amid concern over possible conflict in Nigeria's oil-producing delta region.
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Oil prices ended above the $50-a-barrel mark on Friday amid concern over possible conflict in Nigeria's oil-producing delta region, where a two-day truce between rebel militia and government forces is holding.
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Oil retreated further from its US$53 per barrel threshold in early Asian trade Friday, but players in the market remained edgy about tight supplies heading into North America&#39;s winter heating season.
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High-flying oil prices neared $50 a  barrel on Monday as a blizzard enveloped the U.S. Northeast,  draining U.S. heating oil stocks.
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Oil prices ended above $50 a barrel on  Friday amid concern over possible fighting between rebels and  the military in Nigeria's oil-rich delta region.
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Crude oil extended its retreat on Monday from a 21-year high near &#36;50 a barrel, lifting most Asian shares and giving investors some respite from concerns that energy costs would choke off profits and economic growth.
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Shares shuffled to a mixed finish yesterday, rebounding from earlier lows as oil prices retreated after surging past $50 a barrel.
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Oil prices hugged $50 a barrel on  Wednesday on worries of potential supply disruptions and with  U.S. crude inventories expected to fall due to the lingering  effects of Hurricane Ivan.