Crude settles above $50 US for first time
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NEW YORK -- The price of oil settled above $50 US a barrel for the first time yesterday amid concerns over tight supplies globally and hurricane-related production problems in the Gulf of Mexico.
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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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A boost in US crude supplies and the end of American election uncertainties brought some calm to oil markets Thursday, with crude futures falling but still holding above the $50 mark.
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The price of crude oil surged above $50 a barrel in after-hours trading yesterday, raising fears of an economic slowdown and higher prices at the gas pump.
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Crude oil futures edged up toward $50 a barrel today amid renewed fears over winter supplies. Light sweet crude for delivery in January traded at $49.49 a barrel at midday in Europe, up 60 cents from the contract&#39;s
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Oil prices rose to record highs on  Monday, pushing crude in London above $50 for the first time  and extending a relentless rise that has added around 65  percent to the cost of crude this year.
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Oil prices rose to record highs Monday  near $50 a barrel for U.S. crude as Nigeria emerged as the  latest focus for worries about supply in an already tight  worldwide energy market.
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Crude for November delivery on the New York Mercantile Exchange hit $55.33 per barrel in pre-opening electronic trading Monday, up 40 cents from its Friday settlement price.
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Crude oil prices set fresh records as  US light crude tops $50 a barrel in Asian trade and Brent sticks close to $46.
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Crude oil prices climbed above the key $50 mark in Asian trade Tuesday, creeping close to an all-time high as worries continued over supply and unrest in key oil producing areas.
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Crude oil prices breached the psychological mark of US$50-per-barrel on Tuesday on worries that production shutdowns from hurricanes in the Gulf of Mexico and growing unrest in Nigeria would undermine global supply of black gold.
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The price of crude oil ends above $50 a barrel for the first time in 21 years of trade on New York's Nymex exchange.
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Crude oil prices surged past the $50 per barrel milestone in overnight trading in response to the triple threat of turmoil in the oil-rich countries of Nigeria and Iraq and a decline in production in the hurricane-battered Gulf of Mexico.
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Despite the price of oil settling above $50 a barrel for the first time, Wall Street yesterday celebrated new data showing the nation&#39;s manufacturing sector expand again last month.
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Crude oil prices briefly hit an all-time high of US$50.69 on Tuesday as worries persisted over supply and unrest in key producers.
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The price of US crude oil has eased in early trade, after breaching the $50-a-barrel mark on Friday. Light sweet crude for November delivery fell 42 cents from Friday&#39;s $50.
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Crude oil for delivery next month settled at $46.05 a barrel, down 53 cents, on the New York Mercantile Exchange after briefly trading at a new high of $46.91 early in the day.