Oil jumps as Bush nears victory
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Oil has leapt back above $50 as President George W. Bush edges towards US election victory, a result which traders. say will bolster fuel demand and underpin anxiety over security of Middle East supply.
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Crude oil rose and natural gas soared in New York as the approach of Hurricane Ivan disrupted production and tanker shipments in the Gulf of Mexico, where a quarter of US oil and natural gas is pumped.
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Oil prices jumped again Tuesday as Hurricane Ivan charged towards the oil-rich Gulf of Mexico and an explosion rocked Iraq&#39;s recovering oil industry.
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Crude oil rose, extending a 4.7 percent gain in London yesterday, the biggest in seven weeks, amid concern that a larger-than-expected decline in US inventories last week reduced supplies available for production of heating fuels.
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Oil rises back above $91 a barrel after weekly US crude stockpiles fall much more sharply than expected.
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Oil climbed to a two-month high near $63  on Thursday, building on the previous session's gains after an  unexpected drop in U.S. winter fuel stocks and signs of solid  economic growth in the world's top consumer.
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Oil rose to $71 a barrel on Friday, near  a nine-month high, as a strike in Nigeria threatened more of  the country&#39;s output and Iran remained defiant over its nuclear  program.
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Oil prices jumped to the highest  level in two weeks on Thursday, buoyed by a cold weather front  in the United States and below-average stocks of winter heating  fuels.
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US stocks advanced on Wednesday as President Bush won re-election, but slipped off the day&#39;s highs after a surge in the price of oil.
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Oil prices spiked up above $51 a barrel on Wednesday as increasing signs of an electoral victory for US President George W. Bush raised the prospect of continued
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Oil prices bounced back on Friday, ending this week&#39;s 8 per cent slide on renewed winter supply fears and jitters ahead of next week&#39;s US presidential election.
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Oil turned higher again on Tuesday after retreating from record highs in response to concerns about the U.S. economy and further indications OPEC has already substantially raised oil output.
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Stock markets rallied across Europe and Asia, oil prices surged and the US dollar was modestly higher Wednesday as President Bush crept closer to re-election in a tight race for the White House.
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Oil prices climbed nearly a dollar on  Monday, moving above $46 a barrel on escalating sabotage at  Iraqi oil facilities and the risk that a U.S. cold spell would  strain thin winter fuel supplies.
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Global oil prices edge up in early Thursday trading ahead of a key meeting by oil producers group Opec.
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OIL prices eased, trimming gains from a US$1 rally the previous day following President George Bushâs US election victory. US light crude eased 19 cents to $50.
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Oil prices surged above $55-a-barrel on Friday as concerns about the global supply of winter fuels persist ahead of the Northern Hemisphere winter.