Crude oil futures rise ahead of long layoff
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Crude oil futures rose yesterday ahead of an extended weekend for traders, even though weekly government data showed rising domestic inventories of crude and distillate fuel, which includes heating oil.
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Crude oil futures rose for a second day after surging more than $2 a barrel yesterday when the government reported a decline in US heating-oil inventories and as below- normal temperatures this week boosted demand.
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Crude oil futures prices rose Wednesday amid concerns about tight heating oil supplies and fears that OPEC could rein in output when it meets later this week.
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Crude oil futures rose in New York after unions in Nigeria, the fifth-biggest supplier to the US, called a strike this month to disrupt the country&#39;s oil exports.
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Crude oil futures rose yesterday for the first time in a week, climbing above $43 a barrel after an attack at the US consulate in Saudi Arabia and amid growing concerns that OPEC may try to firm-up oil prices after last week's sharp sell-off.
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US crude oil futures climbed towards $46 a barrel Monday after Russia&#39;s Yukos suspended some oil exports to China and traders remained concerned about storm-related supply disruptions into the United States.
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Crude futures prices rose Monday on concerns about tight heating oil supplies ahead of winter, strong oil demand in China and fears about a planned petroleum-industry lockout in Norway.
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Oil prices edged up on Thursday after a larger-than-expected drop in U.S. crude stocks and as traders waited to see if OPEC ministers meeting in Nigeria would hold off from making further cuts to output.
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U.S. crude oil futures rose to a fresh  six-week high on Friday as frigid weather swooped into the  Northeast heating oil market, threatening to strain already  tight winter fuel stockpiles.
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NEW YORK -- Oil futures shot higher Tuesday, closing above $100 for the first time as investors bet that crude prices will keep climbing despite evidence of plentiful supplies and falling demand. At the pump, gas prices rose further above $3 a gallon.
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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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Crude oil futures may rise in New York on speculation Hurricane Ivan could disrupt output from platforms in the Gulf of Mexico as the storm nears the US mainland this week.
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Crude oil futures in New York rose after unions in Nigeria, the fifth-biggest supplier to the US, said they will disrupt the country&#39;s oil exports in an indefinite nationwide strike later this month.
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Crude oil futures moved upward Wednesday, as the northeastern United States _ a heavy consumer of heating oil _ felt the first signs of what could likely be a colder-than-expected winter.
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Crude oil futures moved to a new high Monday as oil workers joined a four-day national strike in Nigeria and some production shutdowns in the Gulf of Mexico could last as long as six months.
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NEW YORK -- Crude oil futures rallied late yesterday to a new high of $54.93 US, a day after a decline in the US inventory of heating oil roiled a market already on edge over tight supplies, high demand and unrest among key producers.
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Crude oil futures rose above 55 dollars a barrel Friday as concerns about the global supply of heating oil persisted ahead of winter in the Northern Hemisphere.