Crude oil up for 2nd day on colder US weather
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BEIJING, Dec. 30 -- Crude oil rose for a second day after forecasters said weather next week in the US Northeast, where 80 per cent of the country&#39;s home heating oil is used, may be colder than predicted.
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Crude oil futures jumped toward $44 a barrel yesterday as traders appeared to remain concerned about tight supplies of heating oil ahead of the government's next petroleum supply report and as colder weather approached the Northeast.
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Crude oil prices rose for the second day Thursday as traders worries that the Organization of Petroleum Exporting Countries (OPEC) might trim excess oil output.
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Crude oil rose for a second day after the US government yesterday reported a smaller-than-expected increase in winter inventories of heating oil and diesel.
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Crude oil futures jumped toward $44 a barrel Tuesday as traders appeared to remain concerned about tight supplies of heating oil ahead of the government's next petroleum supply report and as colder weather approached the U.S. Northeast.
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Oil prices held around $41 a barrel on  Tuesday as colder weather in the U.S. brought temperatures more  into line with seasonal norms, spurring heating oil buying.
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Oil prices steadied above &#36;48 a barrel on Wednesday as a cold snap in the U.S. Northeast overshadowed an expected build in crude and product inventories.
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Oil prices bounced higher on Friday following two days of sharp declines that came on the heels of rising inventories of crude in the US and a move by China to cool its economy.
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Crude oil futures moved upward Wednesday, as the northeastern United States _ a heavy consumer of heating oil _ felt the first signs of what could likely be a colder-than-expected winter.
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Oil rose on Tuesday, adding to sharp gains made the previous session on expectations that a cold spell in the U.S. Northeast this weekend would boost demand in the world's biggest heating oil market.
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Oil prices jumped nearly 2 percent on Tuesday as colder weather in the United States, the world&#39;s largest heating oil market, brought temperatures more in line with seasonal norms.
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SAN FRANCISCO (CBS.MW) -- Strength in heating-oil and natural-gas futures led an overall climb among energy prices for a second session Tuesday, as cold US weather sparked concerns over heating-fuel supplies for the winter season.
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Crude oil futures rose yesterday ahead of an extended weekend for traders, even though weekly government data showed rising domestic inventories of crude and distillate fuel, which includes heating oil.
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Oil prices perked up from 7-week lows on Friday on forecasts for colder-than-normal weather in the U.S. Northeast.
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Oil prices rose for the second day on  Wednesday ahead of U.S. government data expected to show a  slight decline in winter heating fuel stocks.
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Crude oil futures traded above $42 a barrel Wednesday as colder weather descended on the northeastern United States, a heavy consumer of heating oil.
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Oil prices climbed back above $59 a barrel on Wednesday as a blast of cold weather boosts heating oil demand in the United States and OPEC supply cuts quicken the seasonal fall in crude stocks in industrialized countries.