Oil Prices Set a New Record as Supply Falls
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Oil prices climbed above $47 a barrel, setting yet another record, after figures showed that supplies in the United States were down for a third consecutive week.
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NEW YORK - Oil prices reached record highs for the seventh straight session yesterday after refineries in California and Texas said they had new outages and the government reported surprisingly large declines in oil inventories.
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Oil prices jumped to fresh historic highs on Monday, breaching 93 dollars for the first time on mounting concerns about tight energy supplies worldwide, analysts said.
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Oil prices broke into fresh record territory above $52 on Thursday on heightened concerns over tight winter heating fuel supplies.
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Oil prices reach a fresh high above $98 a barrel but fall back on higher-than-expected US crude supply figures.
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Oil prices soared to a new record above $50 yesterday as uncertainties over Nigerian output heightened worries of a severe supply disruption ahead of winter.
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Oil prices roared to fresh record highs  on Thursday as the U.S. government reported another fall in  heating fuel stocks ahead of winter.
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The price of crude oil broke into new  record territory above $52 Thursday on heightened concerns that  supplies of heating fuels will prove inadequate during the  northern hemisphere winter.
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The price of crude oil broke into new record territory above &#36;52 Thursday on heightened concerns that supplies of heating fuels will prove inadequate during the northern hemisphere winter.
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Oil prices struck a fresh record high  above $47.50 a barrel on Thursday as fresh evidence of demand  growth in China and India underlined how rising appetite for  oil is straining the world's supply system.
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Oil prices hit fresh records on Monday,  pushing London Brent crude above $50 for the first time and  extending a relentless rise that has added around 65 percent to  the cost of crude this year.
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Oil prices broke into fresh record  territory above $52 Thursday on heightened concerns over tight  winter heating fuel supplies.
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Oil prices set a new record at $53 a  barrel on Thursday on concerns over tight winter heating fuel  supplies and news of an unexpected strike at Nigerian oil  terminals.
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World oil prices have hit fresh record highs above $US50 per barrel in electronic trading ahead of formal pit deals, stoked by fears about supplies.
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Oil jumped to a record high past $93 a barrel on Monday, as stormy weather disrupted supplies from giant exporter Mexico and the dollar wallowed near record lows.
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Oil hit a record high above $79 a barrel  on Wednesday, propelled by an unexpectedly large drop in U.S.  crude oil stocks that coincided with only a small output  increase from OPEC ahead of peak winter demand.
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Oil prices hit a new record near $51 a barrel yesterday as a prolonged US production outage following Hurricane Ivan attracted fresh speculative buying.