Crude Futures Gain Ground
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Crude oil prices closed higher Thursday in an up-and-down session as a consensus built that whatever havoc Hurricane Ivan causes in the southeast, its impact on Gulf Coast oil production will be short-lived.
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SINGAPORE (Dow Jones)--Oil futures traded on London&#39;s International Petroleum Exchange are largely expected to head higher Thursday, given the continued worries over a shortage in US heating oil inventories.
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Crude futures climbed above 48 dollars a barrel Wednesday as US Energy Department reported that domestic supplies fell more than expected.
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Crude futures climbed above $48 a barrel Thursday as market fears of sabotage against the Iraqi oil infrastructure outweighed assurances from Baghdad that exports would increase in coming days.
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SINGAPORE -- Crude oil futures rose to a record for a third day Monday, surpassing $55 in New York on speculation US demand for heating oil will deplete inventories this winter.
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Washington: Oil futures prices bolted 5 per cent higher, climbing above $44 a barrel after US government data showed a slight decline in crude and heating oil supplies as colder weather in the Northeast drove up fuel demand.
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Crude-oil futures continued higher Monday, rising more than 1 percent amid ongoing nervousness in the energy pits. Free! Sign up here to receive our Internet Daily e-Newsletter!
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Crude oil futures continued to climb Friday, reaching a record high as decline in the US inventory of heating oil and tight supplies still overshadowed the energy markets.
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Crude oil futures prices soared more than $2 a barrel to settle above $48 yesterday, as concerns about tight winter fuel supplies mixed with speculation that OPEC may scale back output later this year.
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Crude oil prices rose for the third straight day Friday, hovering near $55 a barrel as heating oil futures hit another record high over supply concerns ahead of the Northern Hemisphere winter.
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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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Oil futures prices rose more than $1 a barrel in a volatile trading session yesterday after a government report showed a sharp rise in US crude supplies and tightening inventories of heating oil.
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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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Crude futures bounced higher Tuesday following a 6 percent drop the day before as forecasts for warmer weather in the US eased worries about tight supplies of winter fuel.
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U.S. crude oil futures rose to a fresh  six-week high on Friday as frigid weather swooped into the  Northeast heating oil market, threatening to strain already  tight winter fuel stockpiles.
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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 as colder weather in the Northeast drove up fuel demand.
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Crude futures for December delivery hit a high of $55.67 Monday morning in electronic trading on the New York Mercantile Exchange.