Oil prices stay close to all-time record in Asian trade
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Crude oil prices hovered close to their all-time high of US$53.80 in Asia on Tuesday, fueled by continuing worries over supply in Nigeria and reduced output in the hurricane-hobbled Gulf of Mexico.
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Oil prices were hovering close to last weekâs record high today after breaking through the $50 mark again. Production problems in the Gulf of Mexico due to the impact of Hurricane Ivan continued to have
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NYMEX crude kept close to record highs near &#36;54 early on Tuesday as global oil supplies remained hounded by disruptions, magnifying concerns over U.S. heating oil stocks ahead of the winter, traders said.
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Oil prices struck a fresh record on  Thursday, spurred higher by renewed violence in Iraq and fresh  evidence that strong demand growth in China and India has not  been slowed yet by higher energy costs.
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Crude prices stayed firm on Wednesday as traders held their positions ahead of mid-week US petroleum inventories data and braced for a possible production cut from oil cartel OPEC, which meets later this week.
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Asian shares shrugged off record oil  prices on Wednesday to hit five-month highs as key technology  issues cheered resilience in their U.S. peers, but worries over  the impact of high energy costs on firms' profits capped gains.
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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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Crude oil in New York traded near Friday s record close amid concern growing Chinese demand may strain supplies at a time when spare global production capacity is limited.
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Oil prices held steady above $46 and  most Asian stock markets edged higher on Monday, but Japanese  pharmaceutical shares fell after U.S. drug maker Pfizer  reported safety risks for its Celebrex arthritis drug.
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SINGAPORE - Crude oil prices fell in Asian trade on Tuesday, retreating further below the milestone $55 per barrel mark but apparently unable to go below $53 amid lingering supply worries.
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Oil retreated further from its US$53 per barrel threshold in early Asian trade Friday, but players in the market remained edgy about tight supplies heading into North America&#39;s winter heating season.
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The price of oil has continued its sharp rise overnight, closing at a record high. The main contract in New York, light sweet crude for delivery next month, has closed at a record $US46.75 a barrel - up 70 cents on yesterday&#39;s close.
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Oil prices held near historic highs over &#36;53 a barrel on Tuesday, with global supplies hounded by outages that were thwarting efforts to build U.S. heating oil inventories ahead of the winter.
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Singapore: Oil prices continued falling from record peaks in Asian trade Thursday after the United States reported a surge in crude oil inventories, dealers said.
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SINGAPORE - Oil lingered above the $50 per barrel threshold in Asian trade Wednesday, breaching the mark for the second straight day ahead of key U.S crude stockpile data.    An expected cold Northern Hemisphere winter ahead also weighed in as a pledge by the world's largest producer Saudi Arabia to boost production capacity failed to lower prices...
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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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Asian shares stuck to narrow ranges Friday as record oil prices supported energy stocks and miners rebounded on steadier metals markets, countering worries about technology earnings and falls in Japanese automakers.