Crude Oil Closes Above $55; Tight Winter Supply Is Seen
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Oil prices climbed again yesterday, closing above $55 a barrel for the first time, on concerns that supplies will be stretched thin this winter while demand from China remains solid.
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Oil prices forged to a record high above  $55 a barrel on Friday on rising fears of a winter fuel supply  crunch and robust economic growth in China, the world's number  two user.
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Oil prices held firm around $55 a  barrel on Wednesday as traders braced for the start of the  northern winter with thin heating oil supplies.
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Oil prices broke above $55 a barrel on  Tuesday as concern lingered over thin world heating oil  supplies ahead of the northern winter.
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Oil futures prices briefly topped $55 a barrel yesterday after a report showed US supplies of distillate fuel, which includes heating oil and diesel, shrank for a fifth straight week, heightening fears of a winter-fuels crunch.
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Oil prices broke above $55 a barrel on Tuesday as concern lingered over thin world heating oil supplies ahead of the northern winter.
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Oil prices eased on Friday, but still  within sight of the $55-mark as traders feared time was running  out to top up low heating oil supplies before winter.
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Crude for October delivery closed at $46.35 a barrel on the New York Mercantile Exchange, up 76 cents for the session. It hasn&#39;t closed above $46 since Aug. 20.
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SAN FRANCISCO (CBS.MW) -- Crude-oil futures climbed back above $55 a barrel Tuesday to match last week&#39;s record close as traders turned their attention back to heating fuel ahead of this week&#39;s updates on US petroleum supplies.
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NYMEX crude kept close to record  highs near $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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Crude oil prices surged above the US$55-per-barrel mark on Monday on concerns that tight global supply would lead to a further drop in US inventories of heating oil ahead of the winter season.
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LONDON - World oil prices eased slightly yesterday but remained close to record high points near 55 dollars a barrel as traders fretted about low inventories of US heating fuel heading into the northern winter.
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U.S. oil hit $55 a barrel on Friday as  traders worried over thin heating oil inventories ahead of  winter and Federal Reserve Chairman Alan Greenspan predicted  the soaring costs would not crimp economic growth as they did  in the 1970s.
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Oil prices pushed through new highs above 55 US dollars a barrel Monday amid concerns over high demand and tight supplies ahead of the Northern Hemisphere winter.
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Singapore - Crude oil prices surged past an unprecedented $55 per barrel Monday, driven by uncertainty over production, high demand and tight global supplies ahead of the Northern Hemisphere winter.
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Oil prices held strong on Friday not far below $55 as traders worried time is running out to top up low heating oil inventories before winter.
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Crude oil futures eased slightly Monday but remained close to the $50 a barrel level amid lingering concerns about shortages of heating oil at the start of the Northern Hemisphere winter.