Crude rises on Iraq troubles
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SEPTEMBER oil prices rose yesterday on US economic data showing that inflationary pressure was held in check in July. However, continued disruption in Iraqi supplies and strong world fuel demand and ongoing trouble at Russian oil giant Yukos underpinned ...
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Crude oil shot up $10.93, or 33.6 percent, in 2004 to finish the year at $43.45 a barrel. Insurgent attacks on Iraqi pipelines and within Saudi Arabia fueled concerns over supply shortfalls even as producers pumped at near full capacity.
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-- Crude oil prices spiked above $92 a barrel Friday on tensions in the Middle East and renewed concerns about supply.
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NEW YORK -- Oil prices rose above $70 a barrel yesterday, as persistently high fuel demand and concerns about possible supply disruptions in the Middle East and Nigeria offset news of increasing US inventories.
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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 futures rose for the first time in six sessions on concern that a cease-fire in Najaf, Iraq, won&#39;t eliminate attacks on oil facilities in the Middle East&#39;s fifth-biggest oil producer.
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Oil prices resume their upward path, lifted by reports of pipeline sabotage in Iraq and fears that Russian firm Yukos may cease production.
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Oil prices pushed above $49 a barrel  on Monday, approaching record levels as worries about the  stability of supplies from Iraq, Nigeria and Russia compounded  concerns over low fuel stocks ahead of winter.
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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 rise again as traders weigh up supply issues and the geopolitical tensions building in the Middle East.
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Aug. 19 (Bloomberg) -- Crude oil futures in New York rose to a record after a report showed near-record imports aren&#39;t helping US oil inventories keep pace with demand and as fighting in Iraq raised concern about its ability to boost exports.
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Oil rose above $91 on Thursday, recovering from losses of more than $3 in the past two days, on concerns of escalating Middle East tensions after Israel carried out a missile test.
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Oil prices hit fresh highs on Friday,  lifting U.S. crude above $49 a barrel, driven by escalating  violence in Iraq and unabated fuel demand growth from China and  India.
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Global oil prices have rallied to fresh highs, with US crude approaching $49, driven by escalating violence in Iraq and unabated demand growth from China and India.
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Global oil prices rallied to fresh highs on Friday with US crude approaching $49, driven by escalating violence in Iraq and unabated demand growth from China and India.
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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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Oil prices struck another record high on Thursday and remained supported above $47 by a fall in US crude stockpiles and threats by insurgents in Iraq against oil facilities.