Crude oil prices hit new all-time highs: touch US$53 in New York
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NEW YORK (CP) - The price of crude oil continued gurgling up to new highs Thursday, touching $53 US per barrel in morning trading on the New York Mercantile Exchange.
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Global oil prices set a 10-month high, breaking through the $73 a barrel level due to high US petrol demand.
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LONDON : Oil prices raced ahead to new record high levels in London and approached 50 dollars in New York as unrest in oil producers Nigeria and Saudi Arabia stoked supply worries, traders said.
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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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Crude oil prices will top $US50 ($A69) a barrel for the first time this week, despite a slight fall in New York on Friday night, some analysts have predicted.
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U.S. oil prices and Brent crude rocketed to all-time highs on Friday on a record-low dollar, tensions in the Middle East and worries over energy supply shortages ahead of the northern hemisphere's winter.
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NEW YORK -- Crude oil futures rallied late yesterday to a new high of $54.93 US, a day after a decline in the US inventory of heating oil roiled a market already on edge over tight supplies, high demand and unrest among key producers.
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Crude futures have surged above 52 dollars a barrel, reaching a new high in New York. Traders were reacting to a strike threat by Nigerian oil workers and to word that petroleum output in
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The price of crude oil in New York hit a fresh 11-month high point on Thursday, and Brent traded close to its all-time peak, as traders tracked concerns over tight US energy supplies.
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U.S. oil futures set a new record $47.01  a barrel on Wednesday after a new threat against Iraq's oil  sector by rebel Shi'ite militia.  U.S. crude traded up 26 cents  to set a new high in the 21-year history of the New York  Mercantile Exchange contract.
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Crude oil barrel price registered a new record in New York yesterday of $ 53.25 over fears of Nigeria&#39;s exports halt and the production decrease of the American oil in the Mexican Gulf related to the bad weather conditions it experienced recently.
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NEW YORK -- Crude futures surged above $52 a barrel Wednesday, reaching a new high in New York. Traders were reacting to a strike threat by Nigerian oil workers and to word that petroleum output in the Gulf
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Crude oil rose to a record $49.74 a barrel in New York amid concern rebel attacks in Nigeria will reduce production and US refiners will struggle to replenish supplies disrupted by Hurricane Ivan.
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The price of crude oil surged to a new intraday high of US&#36;53.42 in European trade Monday, despite assurances from Middle East oil producers that they were committed to bringing the price down as a strike began in Africa's largest exporter.
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NEW YORK, October 18  - Crude oil prices increased to new record high levels for the third consecutive day, reaching $55.
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NEW YORK, October 25  - Crude oil prices increased to new record high levels at $55.63 per barrel today, driven by concerns surrounding a potential disruption in supplies due to a shipping strike in Norway, the world&#39;s third-largest oil
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Oil prices scaled new heights at $53 for  U.S. crude Thursday on concerns over tight winter heating fuel  supplies and an unexpected strike at Nigerian oil terminals.