Crude Oil Tops $55 per Barrel
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Oil prices climbed again Friday, closing above $55 a barrel for the first time on conercns of domestic shortages in the upcoming winter.
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U.S. crude prices rose to another new record on Thursday, rising 25 cents to &#36;47.52 a barrel on evidence that high prices are not hurting world oil demand growth.
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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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Crude oil prices moved within range of $55 again Thursday, a day after briefly surpassing the mark over a fall in US distillate fuels stocks that raised fears of shortages as the Northern Hemisphere winter approaches.
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U.S. crude prices rose to another new  record on Thursday, rising 25 cents to $47.52 a barrel on  evidence that high prices are not hurting world oil demand  growth.
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Crude oil fell 55 cents to $42.70 per barrel in early trade on the New York Mercantile Exchange. Inventories grew by 900,000 barrels last week to 293.3 million.
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After touching $53 a barrel, light crude for November delivery settled with a gain of 65 cents at $52.67. Oil prices have risen more than 20 percent over the past month, largely in reaction to news that output
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The price of crude oil surged past an unprecedented $55 per barrel Monday amid continued uncertainty over production, high demand and tight supply globally.
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Oil scaled a new high above $55 a barrel  Monday as a threat by Norwegian ship owners to halt production  from the world's third biggest exporter stoked fears of a  winter supply crunch.
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Aug. 18 (Bloomberg) -- Crude oil prices rose to a record $47.39 a barrel in New York after an Energy Department report showed that US refineries boosted their operations and that gasoline demand rose to the highest level this year.
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Oil closed above $55 a barrel yesterday for the first time as traders worried about low stockpiles of heating oil and strong economic growth in China.
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Oil closed above $55 a barrel Friday for the first time as traders worried about low stockpiles of heating oil and strong economic growth in China.
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Oil prices charged back up to $55 a  barrel on Wednesday as a fresh fall in U.S. heating oil stocks  stoked worries over winter supplies.
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Oil prices pushed through new highs above 55 US dollars a barrel Monday amid concerns over high demand and tight supplies ahead of the Northern Hemisphere winter.
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Crude oil rose to $53.54 a barrel in electronic trading, up 23 cents from its record settlement price of $53.31 set on Friday.
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LONDON - Oil prices charged back up to $55 a barrel this week as a fresh fall in US heating oil stocks stoked worries over winter supplies.
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SINGAPORE - The price of crude oil surged past an unprecedented $55 per barrel Monday amid continued uncertainty over production, high demand and tight supply globally.    The price of crude for November delivery on the New York Mercantile Exchange reached $55.02 per barrel mid-morning in Asia, up 9 cents from its settlement price on Friday...