Crude futures close 5% higher for the month
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SAN FRANCISCO (AFX) -- Crude-oil futures closed higher to tally a gain of 5 percent for the month, lifted by growing doubt that ChinaÃ¢â¬â¢s interest-rate hike will dampen energy demand, and the ever-existing possibility that supply disruptions could
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NEW YORK - Crude-oil futures rallied back above $53 late on Wednesday on speculation and panic sparked by an oil-line explosion in Mexico.
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Oil futures prices briefly topped $55 US a barrel Wednesday after a report showed American supplies of distillate fuel, which includes heating oil and diesel, shrank for a fifth straight week, heightening fears of a winter-fuels crunch.
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Bargain hunting is sending stock prices higher even as oil futures top 50 dollars per barrel. The Dow Jones Industrial Average is up 29 points in today&#39;s early going.
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Crude oil futures moved above $47 US a barrel on Tuesday, reflecting concern about tight distillate supplies despite expectations that a winter supply crisis will be averted.
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Crude oil futures prices rose Wednesday amid concerns about tight heating oil supplies and fears that OPEC could rein in output when it meets later this week.
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Oil futures prices briefly topped $55 a barrel yesterday after a report showed US supplies of distillate fuel, which includes heating oil and diesel, shrank for a fifth straight week, heightening fears of a winter-fuels crunch.
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Crude oil prices began their week higher after oil workers in Nigeria announced over the weekend they will launch an indefinite general strike later this month.
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Crude for October delivery closed at $46.35 a barrel on the New York Mercantile Exchange, up 76 cents for the session. It hasn&#39;t closed above $46 since Aug. 20.
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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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Oil prices rose close to a record high  on Tuesday on U.S. economic data showing that inflationary  pressure was held in check in July and ahead of weekly  inventory due out on Wednesday and forecast to show a draw in  crude stocks.
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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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Crude oil futures traded above $49 a barrel Monday after a gas leak shut down a North Sea oil production platform and as traders weighed concerns about heating oil supplies this winter against
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Crude oil rose in New York after reports said unions in Nigeria, the fifth-biggest supplier to the US, called a strike this month to disrupt the country&#39;s oil exports.
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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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Oil prices closed higher on Friday,  clawing back some of its heavy losses from earlier in the week,  helped partly by news of strong employment data from  Washington, but ended the week still under $50 a barrel.
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LONDON : Oil prices rallied back above 50 dollars a barrel, closing in on record high points on technical factors and persistent worries about tight global supplies, traders said.