Oil prices resume upward rally on disappointing heating fuel data
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NEW YORK, November 10  - Crude oil prices increased modestly today, after declining to their lowest levels in the past two months, on news of a further decline in the US heating fuel inventories last week.
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Oil prices bounded higher for the fourth day in a row Tuesday, with traders expecting further declines in the nation&#39;s supply as petroleum producers disrupted by Hurricane Ivan continue to regroup.
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U.S. oil prices rose on Wednesday,  pausing from a losing streak well above $40 a barrel, although  dealers said data on fuel supplies in the United States due  later in the day may trigger a new slide in the market.
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Investor's Business Daily - 1 Oct. crude shot up $1.68 to $79.91, an all-time high, after the gov&#39;t reported steeper-than-expected drawdowns in supplies. Those stocks fell 7.1 mil barrels last week, far more than the 2.4 mil barrels forecast. Heating oil surged 3.64 cents to $2.2191 a gallon, also a record. Analysts say heating oil supplies aren&#39;t as high as they should be this near to the winter season.
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Oil prices rose on Monday as cold  weather in the U.S. northeast pushed heating oil prices higher  and after sabotage again disrupted Iraq's oil exports.
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NEW YORK - Another drop in oil prices and belated reaction to last week's employment report sent stocks higher to start the holiday-shortened week Tuesday as investors saw the news as a sign of new economic strength.    Investors rallied around falling oil prices as a sign that the summer's run on crude oil futures was over, boosting the chances for an autumn rally in stocks...
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Oil prices ticked higher on Tuesday, holding above &#36;42 a barrel as dealers awaited signs of any renewed cold snap that would revive demand for winter heating fuels in the United States.
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Oil prices extended a bounce from three-week lows on Monday, climbing back above $52 for US crude amid jitters over tight global winter fuel stocks and this week&#39;s US presidential election.
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Oil prices edged higher yesterday, lifted by chilly weather across the Midwest and Northeast that is boosting the demand for heating fuel.
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Oil rose more than $1 to over $61 a barrel on Thursday after U.S. government data showed a sharp fall in fuel supplies last week.
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Oil prices climbed above $42 a barrel on  Wednesday, rising for the third day in a row as cold weather  gripped the U.S. Northeast, the world's biggest heating fuel  market.
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Oil prices edged higher for the second day on Wednesday, recovering from a week-long &#36;5 slump ahead of U.S. inventory data expected to show a slight draw in distillates, which include winter heating fuel.
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Oil prices extended their bounce from three-week lows on Monday, climbing back above $52 amid jitters over thin global winter fuel stocks and this week&#39;s presidential election.
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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 have resumed their upward path, lifted by reports of pipeline sabotage in Iraq and fears that Russian firm Yukos may suspend production.
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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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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.