Oil Prices Edge Up on Iraq Exports Woes
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US oil prices rose on Monday as Iraq&#39;s oil exports continued at more than 30 percent below normal after sabotage attacks on pipelines.
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US oil prices rose slightly on Monday as Iraq&#39;s oil exports continued at more than 30 percent below normal after sabotage attacks on pipelines.
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Aug. 20 (Bloomberg) -- Crude oil futures rose to a record, surpassing $49 a barrel on the New York Mercantile Exchange, on concern clashes in southern Iraq between US troops and Shiite Muslim militiamen may cut Iraqi exports.
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Global oil prices raced to fresh highs on Friday, carrying US crude close to $49.16 a barrel up 46 cents, driven by escalating violence in Iraq and unabated demand growth from China and India.
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Oil prices edged upward Wednesday in anticipation of a report showing declines in U.S. crude and gasoline supplies.
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Oil prices rose on Wednesday, stemming  an eight-session slide that has dragged prices down 14 percent  from record highs as news emerged of a fresh pipeline fire in  Iraq.
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Global oil prices raced to fresh highs  on Friday carrying U.S. crude close to $49 a barrel, driven by  escalating violence in Iraq and unabated demand growth from  China and India.
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Iraq's oil exports rose 9.2 percent last year, the Oil Ministry announced Thursday, largely because improved security allowed pumping to resume through a pipeline from northern oil fields.
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By Andrew Mitchell LONDON  - High-flying oil prices eased for a second session on Monday as Iraq resumed exports from both its northern and southern outlets after lengthy disruption, despite fierce fighting in the holy city of Najaf.
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Oil prices edged higher on Thursday from a heavy drop the day before as renewed violence and sabotage attacks in Iraq revived fears over supply disruptions.
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Oil prices rose on Friday as a sabotage attack on Iraqi oil infrastructure reignited concern about the reliability of crude exports from the country despite a peace deal to end an uprising in Najaf.
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US oil prices edged higher for the second day in a row on Tuesday amid calls within OPEC to crack down on excess output at this week&#39;s meeting.
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Oil prices rose on Friday, stemming five days of heavy losses as fresh sabotage attacks on Iraqi oil infrastructure despite a peace deal in Najaf renewed concern over the country&#39;s supplies.
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Oil prices surged above $47 a barrel on  Wednesday on evidence that energy costs are not substantially  slowing the economic growth that fuels oil demand and new  reports of  rebel militia attacking Iraqi oil facilities.
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il prices climbed nearer to $50 a barrel yesterday before retreating, as traders reacted to reports on the conflict in Iraq, concerned that growing unrest might interrupt crude oil exports.
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Crude oil surpassed $50 a barrel for the first time and analysts said Tuesday that prices could keep rising because of a sharp rise in global demand, tight supplies and threats to output in petroleum-producing nations such as Iraq and Nigeria.    Homeowners and energy-intensive industries could feel the sting from high oil prices worsen as seasonal demand picks up this winter, and there is already evidence that the supply disruptions caused by Hurricane Ivan are making it more costly to drive...
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Oil edged up above $64 a barrel on   Wednesday as traders cautiously await the debate among members   of the U.N. nuclear watchdog over Iran's atomic work, and on   renewed concerns over disruptions to Nigerian supplies.