Fall in US oil inventory pushes prices higher
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WASHINGTONâCrude futures prices surged above $48 (US) per barrel yesterday as oil production and shipping disruptions caused by Hurricane Ivan prompted domestic supplies to shrink more than expected.
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Oil prices jumped a dollar on Thursday  after the U.S. government said crude stocks fell to a fresh  five-month low last week and distillate fuel inventories barely  grew ahead of winter.
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LONDON  - Oil prices see-sawed, failing to sustain a brief rally on news of a surprise fall in US distillate stockpiles, including heating fuel, and an unexpectedly small increase in crude inventories.
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Oil prices tumbled Wednesday after a report showing a bigger jump in crude oil inventories than traders and analysts had been expecting.
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Oil prices hit a one-month high of $47 a barrel yesterday as traders worried that US petroleum inventories had drawn down heavily due to Hurricane Ivan.
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Oil prices continued falling on  Thursday after an unexpectedly large rise in U.S. crude  inventories spurred profit-taking from record highs.
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Oil prices rose nearly $2 on Thursday  after a big fall in U.S. natural gas inventories triggered  renewed concerns about winter fuel stocks in the world's  biggest energy-consuming nation.
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Oil futures prices rose more than $1 a barrel in volatile trading yesterday after a government report showed a sharp rise in US crude supplies and tightening inventories of heating oil.
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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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The price of oil surged yesterday on news that US inventories had fallen for the third week in a row.
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Oil prices fall sharply after a US government report shows a steep build up in oil and petrol supplies.
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Oil prices dropped from record highs  above $50 a barrel on Wednesday as weekly U.S. inventory data  showed a surprise increase in crude stocks, easing fears over  stretched international supplies.
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Oil prices extended losses on Thursday  after a bigger-than-expected rise in U.S. fuel inventories  soothed worries of a winter squeeze.
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Oil prices drop by nearly 7% as US government data showed a larger-than expected increase in crude inventories.
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Oil prices slid on Thursday after a  bigger-than-expected rise in U.S. fuel inventories soothed  worries of a winter squeeze.
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Oil prices fell sharply on Wednesday  after a U.S. government report showed a big increase in  national petroleum stockpiles, easing worries of a crunch at  the height of the winter heating season.
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Oil prices rose a dollar on Friday as  worries a cold spell in the United States could erode already  depleted winter fuel inventories spurred the market higher.