Crude oil may rise on inventory concern
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Crude oil may rise this week on concern US inventories are falling and supply may be disrupted from Iraq and Russia, according to a weekly Bloomberg News survey of traders and analysts.
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Crude futures rose Tuesday as traders awaited US oil inventory data, and analysts said the market fundamentals were pointing to higher prices in the coming weeks.
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Crude oil futures prices rose Wednesday amid concerns about tight heating oil supplies and fears that OPEC could rein in output when it meets later this week.
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Crude oil futures moved upward past US$47 Tuesday, reflecting concern about tight distillate supplies despite expectations that a winter supply crisis will be averted.
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Crude oil prices rose Wednesday ahead of US petroleum inventory data and an OPEC meeting this week at which the group could decide on a production cut.
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Crude oil futures rose, extending their biggest gain in six months yesterday when the US government reported a decline in US heating-oil inventories.
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Crude oil futures continued to climb Friday, reaching new record high as decline in the US inventory of heating oil and tight supplies still overshadowed theenergy markets.
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Crude oil futures may rise next week as temperatures plunge in the US and Europe, boosting demand for heating oil, and refiners stock up before OPEC&#39;s planned production cut, a Bloomberg survey of traders and analysts shows.
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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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NEW YORK -- Crude oil futures briefly climbed back over $50 a barrel yesterday, with worries over the security of Nigerian supplies supporting prices despite a surprise increase in US crude inventories.
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Crude oil climbed back over $50 a barrel on Thursday, with worries over the security of Nigerian supplies supporting prices despite a surprise increase in U.S. crude inventories.
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Crude oil futures rose for a second day after surging more than $2 a barrel yesterday when the government reported a decline in US heating-oil inventories and as below- normal temperatures this week boosted demand.
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LONDON  - Oil prices rose over worries about a possible supply shortage of US heating oil stocks during the northern hemisphere winter.
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Crude oil futures rose amid speculation that US inventories of heating oil, diesel and gasoline will continue to fall as demand exceeds refinery output.
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Crude oil prices on Thursday extended the US inventories-inspired declines from the previous session, as imports to the worldâs largest consumer helped stockpiles higher than most had expected.
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Oil prices climbed higher in Asian trade today as fresh concerns over the possibility of energy shortages in the northern hemisphere winter sparked another wave of panic among investors, dealers said.
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LONDON, Oct 26  - Oil prices rose slightly on Tuesday as markets turned their attention to upcoming estimates of US crude inventories amid worries that heating stocks are low ahead of the northern hemisphere winter, traders said.