Oil prices ring up third straight day of gains
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Singapore - Crude oil prices rose for the third straight day Friday, inching close to $55 a barrel as heating oil futures hit another record high over supply concerns ahead of the Northern Hemisphere winter.
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The US Federal Reserve last night raised interest rates for the third time this year in spite of a renewed surge in oil prices. The widely expected move took the Fed funds&#39; rate up a quarter-point to 1.75%, following similar moves in August and June.
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Oil leapt to a record high for a third day on Monday, surpassing $93 as investors bet on another U.S. interest rate cut this week, the dollar struck new lows and Mexico briefly halted one-fifth of its oil production.
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Oil prices climbed toward $47 a  barrel on Thursday after bullish fuel stocks data in the United  States and a series of production hitches across the globe  rekindled worries of a major supply disruption.
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U.S. stocks ended higher for a third  successive day on Tuesday, even as oil prices rose to another  record, after investors were encouraged by data showing an  easing of inflationary pressure and a sharp rebound in the  housing market.
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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 toward $47 a barrel  on Thursday after bullish fuel stocks data in the United States  and a series of production hitches across the globe.
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Oil prices climbed above $47 a barrel today, after figures showed supplies in the U.S. were down for a third consecutive week.
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Oil leapt to a record high for a third  day on Monday, surpassing $93 as Mexico briefly halted  one-fifth of its production and the U.S. dollar struck new  lows.
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U.S. stocks rose for a third straight  day on Friday in a post-election rally after a government  report showed strong jobs growth last month, boosting hopes  that the economic recovery is taking hold.
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NEW YORK Stocks drifted higher yesterday, brushing aside another record high for oil prices amid hopes the impending tide of third-quarter profit reports will override worries about a struggling economic recovery.
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Oil prices rose on Tuesday following  Monday's fall of nearly $3 in the face of rising U.S.  stockpiles and expected warmer winter weather.
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Oil prices climbed above $42 a barrel  on Wednesday, rising for the third day in a row as the heavy  consuming U.S. Northeast feels the first chills of winter.
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Oil prices rose for the second day in  a row on Thursday with an Arctic blast forecast to hit the  United States next week, ramping up demand for heating fuels.
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Global oil prices rallied to fresh highs on Friday with U.S. crude approaching &#36;49, driven by escalating violence in Iraq and unabated demand growth from China and India.
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ARIS, Aug. 18 - Oil prices climbed above $47 a barrel on Wednesday, setting yet another record, after figures showed supplies in the United States were down for a third consecutive week and a report from OPEC highlighted the threat of high ...
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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.