Oil Jumps 5 Pct on Cold, Bin Laden Threat
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Oil prices surged 5 percent on Friday as frigid weather lingered in the mammoth US Northeast heating oil market and militant Osama bin Laden urged renewed attacks on Middle East oil installations.
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Oil prices have risen for the fifth day in a row amid continuing concerns over the level of US stocks. The surge helped spark a 1.3% fall on Wall Street as investors worried it could lead to a fall in consumer spending and hit corporate profits.
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Oil prices rose for the second day in  a row on Thursday with an Arctic blast forecast to hit the  United States next week seen ramping up demand for heating  fuels.
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Oil prices made fresh gains above $55 a barrel led by record-breaking heating oil prices amid fears of winter supply shortages across America.
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Crude oil futures were little changed after posting their biggest weekly gain in almost five years on expectation below-normal temperatures in the US Northeast will increase demand on heating oil stockpiles.
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Crude oil prices surged to a new high Monday on supply concerns ahead of the coming winter, a possible petroleum-industry strike in Norway and data showing that China&#39;s big demand for oil is likely to increase.
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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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WASHINGTON -- Oil futures prices surged to new heights above $55 US a barrel yesterday as concerns about the global supply of heating oil persist ahead of winter.
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Oil futures prices bolted 5 percent higher yesterday, climbing above $44 a barrel after US government data showed a slight decline in crude and heating oil supplies
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Oil prices broke into record  territory above $52 Thursday on heightened concerns that  supplies of heating fuels will prove inadequate during the  northern hemisphere winter.
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Oil prices broke into fresh record  territory above $52 Thursday on heightened concerns over tight  winter heating fuel supplies.
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Oil prices held firm on Friday after  leaping almost $2 a day earlier on news U.S. crude stocks sank  to a five-month low last week and distillate fuels barely grew  ahead of winter.
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Oil prices leaped more than a dollar on  Friday on renewed concern over tight supplies of distillate  fuels in Europe and the United States ahead of the northern  hemisphere winter.
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Oil prices broke into fresh record  territory above $52 on Thursday on heightened concerns over  tight winter heating fuel supplies.
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Oil prices held above &#36;46 a barrel on Monday, supported by a blast of freezing weather in the United States and renewed threats by Muslim militants to attack oil facilities in the major exporting Middle East region.
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Oil prices broke into fresh record territory above $52 on Thursday on heightened concerns over tight winter heating fuel supplies.
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Oil rose above $61 on Wednesday, pushed higher by expectations colder weather in the U.S. Northeast would boost demand in the world's top heating oil market.