Surging crude stays near record high
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BEIRUT: Oil prices remained near recent peaks on Friday, with US crude trading just below $55-a-barrel. In midday New York trading, WTI was down 21 cents at $54.
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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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Global crude oil prices, which shot up to record highs on Monday, continued to rule at the same level of close to $54 a barrel. Following the nationwide strike that began in Nigeria to protest against high
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NEW YORK, Sept 27  - Oil futures jumped to their highest closing on record Monday on the New York Mercantile Exchange, rising 76 cents to 49.
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Oil prices hit another record on  Friday, trading as high as $53.40 a barrel, on supply worries  ahead of a planned oil worker strike in Nigeria and delays in  post-Hurricane Ivan U.S. output recovery efforts.
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U.S. crude futures soared to a record  &#36;75.40 per barrel on Wednesday amid a rally in gasoline prices.
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Oil prices struck another record high on Thursday and remained supported above &#36;47 by a fall in U.S. crude stockpiles and threats by insurgents in Iraq against oil facilities.
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Crude oil prices jumped above $51 a barrel yesterday, setting a fresh record amid a prolonged production shut-down in the Gulf of Mexico in the wake of Hurricane Ivan.
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Oil hit a fresh record high of &#36;75.70 a  barrel on Friday after a U.S. government report showed strong  fuel demand in the world&#039;s top oil consumer.
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Oil prices rallied to a record above &#36;55 a barrel Monday on concerns over a winter fuel supply crunch, and as traders took comments from a top U.S. official to mean high prices have yet to really dent U.S. demand.
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Oil producers are emerging to lock in record high prices for their future crude output, but activity is modest as firms still fear calling a premature end to this year&#39;s stunning price rise, traders said on Friday.
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Crude oil prices briefly crossed above the $90-a-barrel threshold today on the New York Mercantile Exchange, setting a record and coming very close to an inflation-adjusted record, too.
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NYMEX crude kept close to record highs near &#36;54 early on Tuesday as global oil supplies remained hounded by disruptions, magnifying concerns over U.S. heating oil stocks ahead of the winter, traders said.
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The price of oil has continued its sharp rise overnight, closing at a record high. The main contract in New York, light sweet crude for delivery next month, has closed at a record $US46.75 a barrel - up 70 cents on yesterday&#39;s close.
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Oil prices surged to yet new record highs Tuesday, driving U.S. crude above $54 as global supply outages thwart efforts to build winter heating fuel inventories.
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Oil held above $75 on Wednesday, within sight of an all-time high, as investors balanced tightening U.S. crude stocks against OPEC's reluctance to boost supplies when it meets next week.
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Oil hit a record high above $79 a barrel on Wednesday, propelled by an unexpectedly large drop in U.S. crude oil stocks that coincided with only a small output increase from OPEC ahead of peak winter demand.