Oil rises as Israel calls up reservists
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Oil held above $74 a barrel on Friday  on concerns about escalating violence in the Middle East after  Israel called up reservists in what could be a ground offensive  against Hizbollah guerrillas.
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Oil futures hit a record high Friday as the government began lending oil from emergency reserves to refineries running low on crude after Hurricane Ivan.
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Gasoline prices extended their climb yesterday, rising a cent overnight while oil and gas futures rose on concerns about gasoline production.
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Crude oil rose from a three-month low after an attack on the US Consulate in Jeddah, Saudi Arabia, boosted concern that a revival of terrorism might threaten oil shipments from the world&#39;s biggest oil exporter.
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Crude oil rose to a record $49.74 a barrel in New York amid concern rebel attacks in Nigeria will reduce production and US refiners will struggle to replenish supplies disrupted by Hurricane Ivan.
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World oil prices rose Thursday, one day after hitting a record high 89 dollars, as traders absorbed geopolitical tensions in the crude-rich Middle East and rising US energy reserves.
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Oil prices rose on Friday, stemming five days of heavy losses as fresh sabotage attacks on Iraqi oil infrastructure renewed concern over the country's supplies, despite a peace deal in Najaf
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Crude oil rose to a three-week high as Statoil ASA, Norway&#39;s largest oil company, said it couldn&#39;t predict when 205,000 barrels a day of production at two North Sea fields will resume.
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Crude oil rose for a second day after the US government yesterday reported a smaller-than-expected increase in winter inventories of heating oil and diesel.
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Oil turned higher again on Tuesday after retreating from record highs in response to concerns about the U.S. economy and further indications OPEC has already substantially raised oil output.
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Oil prices rally, adding almost $1 amid concerns that more crude will need to be refined to boost US petrol reserves.
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Crude oil rose on Monday in New York as market concerned that the approach of Hurricane Ivan woulddisrupt production and tankers shipments in the Gulf of Mexico.
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Oil rose above $96 a barrel on Monday, lifted by mounting political instability in Pakistan and growing tensions between Iran and the United States over Tehran's nuclear ambitions.
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Oil prices rose more than half a   percent on Thursday as Iran looked set to defy the United   Nations' deadline for halting nuclear enrichment, raising the   risk of sanctions against the world's fourth-biggest exporter.
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Oil climbed above $61 to its highest this year on Friday after top fuel consumer the United States reported an unexpected drop in gasoline stocks and Iran said it would show 'no weakness' over its nuclear program.
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Crude oil futures rose in New York, after falling from a record on Friday, as fighting in Iraq&#39;s holy city of Najaf damped expectations the country would restore oil exports to full capacity.
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Oil prices surged over $47 a barrel on  Wednesday on evidence that energy costs are not substantially  slowing the economic growth that fuels oil demand and fresh  threats by rebel militia against Iraqi oil facilities.