Oil hits record above $92 on weak dollar, Nigeria
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Oil prices shot to an all-time high above $92 a barrel on Friday as the tumbling dollar and Nigerian output disruptions helped extend a rally that has lifted prices nearly 30 percent since August.
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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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LAGOS - Nigerian unions began a four-day strike on Monday, helping drive world oil prices to record highs although shipments from Africa&#39;s top producer were unaffected.
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Crude oil rose to a record $49.74 a barrel in New York amid concern rebel attacks in Nigeria will reduce production and US refiners will struggle to replenish supplies disrupted by Hurricane Ivan.
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Oil climbed to a two-month high over $63 on Thursday as a weaker U.S. dollar, colder weather and news that OPEC could be getting bigger spurred buying.
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Oil rose as Nigeria, the world top oil exporter, sees the call for a strike later this month. December crude oil lifted 24 cents to $52.
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Oil vaulted to a record $100 a barrel on Wednesday as geopolitical turmoil, tight energy stockpiles, and a weak dollar triggered a flood of speculative buying, dealers said.
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London crude prices hit record highs on Monday as Nigeria emerged as the new focus of worries about supply security on world oil markets.
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U.S. crude oil futures hit a record $100 a barrel on Wednesday, surging more than $4 as violence in OPEC members Nigeria and Algeria combined with a weak dollar and a cold snap to boost crude futures.
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Oil prices struck a fresh record just  under $49 a barrel on Thursday, spurred higher by renewed  violence in Iraq and fresh evidence that strong demand growth  in China and India has not been slowed by higher energy costs.
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Nigerian unions began a four-day strike on Monday, helping drive world oil prices to record highs although shipments from Africa's top exporter were unaffected.
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Oil future prices climbed to a new high in New York on Monday as a strike began in NigeriaâAfrica&#39;s largest exporter of crude oil.
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Oil prices surged to record highs above  $54 on Tuesday as a fire at Nigerian export pipeline became the  latest threat to consumers' efforts to build winter heating  fuel inventories.
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The Christian Science Monitor - Oil futures hit a record $100 a barrel in futures trading this week, after attacks in Nigeria, Africa's leading oil producer. But most analysts expect that prices will decline from the current spike. A Reuters poll of 37 energy analysts' expectations yielded an average prediction of $74 a barrel for this year, compared with about $70 a barrel this past year.
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Oil prices set a new record today on concerns over tight winter heating fuel supplies and news that a strike in Nigeria could put some crude exports on hold.
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Oil prices vaulted to a record $100 a barrel on Wednesday as violence in Nigeria, tight energy stockpiles and a weaker dollar triggered a surge of speculative buying, dealers said.
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LONDON, England -- Oil prices have surged to historic levels as a threat of civil war in Nigeria adds to concerns over tight global supplies.