Rising oil prices hit the pump
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Watch out at the gas station this weekend. Oil and gasoline prices bounced back up this week. Crude oil prices neared $49 a barrel Friday, capping a rise of 7 percent for the week, as
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Average diesel prices rise to a record high above Â£1 a litre as the price of crude oil continues its ascent.
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Oil prices edged higher on Wednesday, pushed upwards by technical buying, but struggling to break above the narrow range that has persisted this month.
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The price of oil finally broke through the $50-a-barrel mark today, a milestone never seen before.
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Oil prices rise again as traders weigh up supply issues and the geopolitical tensions building in the Middle East.
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The price of oil hit another high yesterday, closing above $47 a barrel as traders reacted to continuing concerns about supply disruptions from terrorism and instability in oil-producing countries.
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Oil prices have surged to two-week highs following news that supplies in the US are tightening. In New York on Thursday, the cost of a barrel of oil rose almost $2 to $44.
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Oil prices surged to a new high of $47 a barrel on Wednesday on evidence from major economies that energy costs are not substantially slowing the economic growth that fuels oil demand.
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Oil prices were forced higher today by an outbreak of violence in Saudi Arabia and concerns that Opec may cut output. The cost of a barrel of light, sweet crude oil climbed
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The price of crude oil surged 4.8 percent in New York yesterday, the biggest rise in more than five months, on concern that cold weather in Europe will draw heating oil from the United States.
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Oil prices today hit a new high amid fears over low fuel stocks as winter approaches and renewed concern about the security of supplies.
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NEW YORK - Oil prices surged yesterday, rising to a record near $90 a barrel, as the falling dollar drew new foreign investors and speculators to dollar-denominated energy futures.
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Oil prices hit their highest levels in more than three weeks amid worries the US hurricane season would continue to hamper supplies.
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The higher inflation rate was the result of a surge in oil prices early this year. Oil prices have since leveled off, allowing the inflation rate to return to more modest levels.
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The price of oil has continued its sharp rise overnight, closing at a record high. The main contract in New York, light sweet crude for delivery next month, has closed at a record $US46.75 a barrel - up 70 cents on yesterday&#39;s close.
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Oil prices have jumped nearly $2 a barrel on news of bombings in Saudi Arabia and tighter US fuel supplies. Crude for February delivery rose $1.87 to settle at $43.64 cents a barrel on the New York Mercantile Exchange Wednesday.
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Gasoline prices have jumped 33 cents a gallon across the United States over the past month -- the result of higher crude oil prices, greater demand and fears of shortages.