Oil Bubbles Near &#36;55, China Supports
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Oil prices simmered near &#36;55 a barrel on Friday on rising fears of a winter fuel supply crunch and robust but slowing economic growth in China, the world's number two user.
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Oil prices steadied on Friday after an eight percent rout driven by a surprise interest rate hike in China that raised doubts about demand from the world&#39;s second largest energy user.
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Crude oil traded near Friday s record close in New York on concern Chinese demand, which helped push oil prices up 70 percent this year, may rise faster than expected.
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World oil prices marched towards $55 today on worries about low stocks of US heating fuel and tight crude supplies, amid strong demand ahead of the northern hemisphere winter.
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In Chinaâs largest domestic initial public offering so far, PetroChina, Chinaâs biggest oil and gas conglomerate, said it raised $8.93 billion.
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Chinese imports and soaring crude oil prices fuel an 8.9 percent rise in October for a record $55.5 billion gap. By Jeannine Aversa.
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New market set as demand in China, India intensifies supply worries, Iraq lends price support. NEW YORK (CNN/Money) - Oil prices blazed past $47.50 a barrel and set fresh highs early Thursday as demand growth in China and India exacerbated supply shortage ...
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Oil steadied on Thursday after  Wednesday's 5 percent retreat from record highs, as traders  concluded that China's surprise interest rate rise would not do  much to dampen fuel demand growth.
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China to pour one trillion yuan into development of oil alternative    BEIJING, Dec. 14 (Xinhua)-- China will invest over one trillion yuan (about 127 billion U.S.
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Oil prices simmered near $55 a barrel  on Friday on rising fears of a winter fuel supply crunch and  robust but slowing economic growth in China, the world's number  two user.
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Oil prices hit a one month-high of $47  a barrel on Tuesday as China showed no let-up in its strong  import growth and traders worried that U.S. petroleum  inventories had drawn down heavily due to Hurricane Ivan.
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Oil prices held firm just above &#36;47 a barrel on Friday, bolstered by a tightening outlook for market fundamentals and sliding U.S. temperatures.
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Crude hovers around $46 a barrel amid demand from most populous country, damage reports from Ivan. LONDON  - Oil prices held above $46 a barrel Tuesday as China showed no letup in its strong demand
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Rising oil prices are slowing growth across the world but key emerging economies such as China and India will continue to support the near-term outlook for commodities, the world's largest mining company said Friday.
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World oil prices rose on Friday,  building on gains of almost $2 in the previous session when the  U.S. government said crude stocks sank for the sixth straight  week last week and distillate fuels barely grew ahead of  winter.
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Oil prices climbed above &#36;41 a barrel on Monday after Saudi Arabia cut January crude deliveries to clients in Asia, confirming that the top exporter was adhering to OPEC's agreement last week to curb excess supply.
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Crude oil futures rose to a record $55.39 a barrel in New York after the release of a report showing that the Chinese economy grew more than expected last quarter.