Oil Closes Over $100 for 1st Time
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New York researchers report creation of material that is by far the darkest substance ever made.
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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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Oil prices climbed again Friday, closing above $55 a barrel for the first time on conercns of domestic shortages in the upcoming winter.
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Oil slipped on Wednesday after  surging nearly 5 percent to a record above $100 a barrel a day  ago amid an influx of fresh investor capital into the  commodities sector and concerns that OPEC will not hike output  next month.
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Oil companies' shares got a modest boost as crude oil prices touched a record $100 per barrel on Wednesday, but some analysts do not expect that to trigger a rally in energy's biggest names.
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Crude oil closed above 50 dollars per barrel Friday for the first time as traders worry below-normal US crude inventories could not meet the soaring demand in the upcoming months.
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World oil prices surged to historic highs Friday, breaching 92 dollars for the first time in New York on rising tension in crude-rich Iran and tight US energy supplies, analysts said.
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Oil prices drop back from a new record above $100, but fears high energy prices could stoke inflation hit stocks.
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Oil rose above $87 a barrel on Thursday after two days of losses, as production shutdowns in Nigeria and the North Sea outweighed growing evidence of weaker demand in the world's top oil consumer, the United States.
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Oil jumped $1 past $75 a barrel on Tuesday as a top U.S. hurricane forecaster called for a busy end to the Atlantic storm season, raising concerns over potential oil and gas disruptions.
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Oil prices hit $100 a barrel Wednesday for the first time ever, amid an unshakeable view that global demand for oil and petroleum products will continue to outstrip supplies
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A day after closing above $100 a barrel, oil prices slid as investors focused on a U.S. report expected to show crude stockpiles rose for a sixth week.
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U.S. News & World Report - If you write about energy, apparently nothing can fill up your E-mail inbox like oil briefly hitting the $100-per-barrel mark for the first time. Here is a sampling of the reactions to the crude oil price run-up that I've been urged to note:
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Oil prices rose to near $63 a barrel   on Friday, after BP Plc shut in output at an oil field in   Alaska and OPEC members Nigeria and Venezuela pledged to cut   production.
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NEW YORK - The price of oil settled above $50 a barrel for the first time yesterday amid worries about tight supplies and production problems because of hurricanes in the Gulf of Mexico.
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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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Wall Street gave up a big early gain Tuesday as oil prices closed above $100 for the first time and stoked fears that inflation will stymie an already troubled economy.