Oil prices rise yet again in US
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The price of crude reaches a new high in the US, driven up by official data showing a decline in heating oil stocks.
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NEW YORK - Oil prices rose on Wednesday as the re-election of US President George W. Bush countered a big increase in spare oil supplies ahead of winter.
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Oil prices struck another record high on Thursday and remained supported above $47 by a fall in US crude stockpiles and threats by insurgents in Iraq against oil facilities.
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Oil prices soared to another record high of almost 55 US dollars a barrel on Thursday as Washington reported another fall in heating fuel stocks before winter.
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Crude oil prices were up $1.72 at $45.90 per barrel in afternoon trading on the New York Mercantile Exchange. Heating oil futures rose by 7.08 cents on Friday to $1.452 per gallon.
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Oil prices rose 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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Oil rises back above $91 a barrel after weekly US crude stockpiles fall much more sharply than expected.
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Oil prices have jumped nearly $2 a barrel on news of bombings in Saudi Arabia and tighter US fuel supplies. Crude for February delivery rose $1.87 to settle at $43.64 cents a barrel on the New York Mercantile Exchange Wednesday.
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The price of crude reaches a new high in the US,  driven up by official data showing a decline in heating oil stocks.
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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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Oil futures prices rose more than $1 a barrel in volatile trading yesterday after a government report showed a sharp rise in US crude supplies and tightening inventories of heating oil.
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SEPTEMBER oil prices rose yesterday on US economic data showing that inflationary pressure was held in check in July. However, continued disruption in Iraqi supplies and strong world fuel demand and ongoing trouble at Russian oil giant Yukos underpinned ...
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Crude prices rose for the first time in four days. Traders feel that the gains in US crude oil inventories and forecasts of rising temperatures do not justify the previous session&#39;s 6.5% fall.
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GLOBAL oil prices continued to climb yesterday, recovering from a prolonged fall earlier in the day, as the US hinted that it might lend oil from its Strategic Petroleum Reserve to offset a short-term disruption to imports.
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Crude oil prices rose for the third day in a row Friday with the latest attack on Iraq&#39;s oil infrastructure keeping supply worries front and center.
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Oil prices have hit record highs in the United States for the third straight day in early trading Thursday, amid continuing concerns about the supply of crude oil.
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WASHINGTON - High oil prices, which have been a factor in virtually all U.S. recessions over the past three decades, are surging again this year...