Oil prices rise in Europe
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OIL futures prices rose in Europe today amid concerns about heating oil supplies at the beginning of the Northern Hemisphere winter.
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European stock markets rose in early deals, showing resilience in the face of record high oil prices.
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PARIS: European shares opened higher on Friday, led by oil heavyweights such as BP ahead of an expected decision by Opec to trim its output.
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World crude prices climbed on Tuesday, as Qatar&#39;s energy minister said OPEC would not move next week to increase the cartel&#39;s oil output to battle tight global supplies amid strong energy demand.
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The dollar rose to a 3-month high against the euro as crude oil slipped toward &#36;46 a barrel, helping lift European shares to fresh 2-1/2 year highs on Monday, after impressive gains in Asian markets.
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European shares opened higher on Friday, boosted by a strong post-election rally on Wall Street overnight and a fall in oil prices to a five-week low.
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The dollar rose to a 3-month high  against the euro as crude oil slipped toward $46 a barrel,  helping lift European shares to fresh 2-1/2 year highs on  Monday, after impressive gains in Asian markets.
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European shares rose on Wednesday as oil prices fell to seven-week lows, easing pressure on profit margins, but gains were pared as the euro edged back toward record highs on the dollar before key U.S trade data.
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European equities moved higher on Tuesday, as recent losses for financial stocks triggered some technical buying, while oil companies and utilities provided defensive back-up.
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Oil futures prices have jumped 5 percent higher, climbing above $44 a barrel in the United States Wednesday after US government data showed a slight decline in crude and heating oil supplies as colder weather in the Northeast drove up
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European stocks extended recent gains to 5&frac12;-year highs on Thursday, with miners and oil stocks in the vanguard of the advance as metals and crude prices rose on commodities exchanges.
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PARIS, Oct 22  - The French government will raise gas prices by nearly 10 percent on November 1 owing to surging oil prices, the French daily Le Parisien reported Friday.
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PARIS Oil prices climbed to another high on Wednesday after figures showed US crude supplies were down for a third straight week while a report from OPEC highlighted the threat of high oil prices for world economies.
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European share prices rose in early trade on Friday on the back of a string of corporate news and higher oil prices, while investors eyed the Group of Seven finance ministers meeting in Germany.
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Oil prices leaped more than a dollar on  Friday on renewed concern over tight supplies of distillate  fuels in Europe and the United States ahead of the northern  hemisphere winter.
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Europe&#39;s main stock markets climbed higher on Friday as the oil sector was energised by soaring crude prices, dealers said.
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Oil prices climbed more than $2 higher  on Friday on renewed concern over  supplies of distillate fuels  in all main consuming centers before the Northern Hemisphere  winter.