Oil Heads Toward $49.40 Record
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Oil prices pushed above $49 a barrel  on Monday, approaching record levels as worries about the  stability of supplies from Iraq, Nigeria and Russia compounded  concerns over low fuel stocks ahead of winter.
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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 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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Oil prices surge to fresh record highs in London, with Brent crude reaching the $50-a-barrel mark for the first time.
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Crude oil prices hovered near an all-time record high of US$49.40 as supply fears in Iraq and other key producers pushed up early trading Monday, while the market took stock of Hurricane Ivan&#39;s impact on oil rigs in the Gulf of Mexico.
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PARIS The price of oil, which has been inexorably rising for the past two years, finally broke through the $50-a-barrel mark Tuesday, reaching a new milestone as some analysts warned that there was nothing to stop prices from rising even further.
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Oil prices struck a fresh record high  above $47.50 a barrel on Thursday as fresh evidence of demand  growth in China and India underlined how rising appetite for  oil is straining the world's supply system.
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Oil prices clung near the $49 mark on  Tuesday, pausing from a 12 percent slide from record highs  ahead of key mid-week data on the health of winter fuel  stockpiles in the leading consumer, the United States.
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Crude oil futures closed in on $49 a barrel Monday as traders kept an eye on the possibility of another OPEC production cut, turmoil in Nigeria and violence in Iraq ahead of the election.
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Oil prices surged briefly to a record high of 50 US dollars per barrel on Monday as the petroleum production in the Gulf of Mexico will not return to normal quickly after
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Crude oil prices passed $49 per barrel today, striking fresh record levels amid heightened concern about supplies in Iraq.
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Oil prices raced to new record highs  above $50 on Tuesday, despite a pledge by OPEC producer Saudi  Arabia to increase production, as rebel threats against  Nigerian oil facilities threatened to inflict further strain on  global supplies.
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The price of oil looks set to grab headlines as analysts forecast that its record-breaking run may well continue.
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Crude oil prices neared their all-time record high of $49.40 US as supply fears in Iraq and other key producers pushed up early trade Monday, while the market took stock of hurricane Ivan&#39;s impact on oil rigs in the Gulf of Mexico.
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Crude oil futures rallied late Friday to a new record high of $54.90, a day after a decline in the U.S. inventory of heating oil roiled a market already on edge over tight supplies, high demand and unrest among key producers.
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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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Crude oil in New York traded near a record after exceeding $50 a barrel yesterday on threats to Nigeria&#39;s oil output and as US production remains lower than normal because of damage from Hurricane Ivan.