Update 7: Oil Charges to New High Above $47 a Barrel
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The price oil charged to a new high above $47 a barrel Wednesday amid nagging concerns about instability in Iraq, the uncertain fate of Russian petroleum giant Yukos and the world&#39;s limited supply cushion.
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Crude oil prices surged past an unprecedented 55 dollars per barrel today as uncertainty swirls over production, high demand and tight global supplies.
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NEW YORK - Crude oil prices surged to a new high this morning in European trading, with a barrel fetching as much as $55.67. Two reasons were offered by wire-service reports--one relatively old, and one brand new.
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Crude oil reached a new high in Asian trade Thursday, hitting $52.38 US per barrel as the market took stock of reports of a possible strike in Nigeria and the sluggish revival of output in key Gulf of Mexico oil fields following hurricane
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Oil hit a fresh record high of &#36;75.70 a  barrel on Friday after a U.S. government report showed strong  fuel demand in the world&#039;s top oil consumer.
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Oil futures prices surged to new heights above $55-abarrel on Friday as concerns about the global supply of heating oil persist ahead of winter in the Northern Hemisphere.
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Oil prices have surged to a new high of $47 a barrel after a new threat by rebel militia against Iraqi oil facilities, and as the United States says inflation has stayed in check despite rising energy costs.
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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 hit a one month-high of $47 a  barrel on Tuesday as China showed no let-up in its strong  import growth and traders worried that U.S. petroleum  inventories had drawn down heavily due to Hurricane Ivan.
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Price of crude topped $47 a barrel Wednesday, despite Saudis' recent talk of loosening spigots.
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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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U.S. oil futures set a new record $47.01  a barrel on Wednesday after a new threat against Iraq's oil  sector by rebel Shi'ite militia.  U.S. crude traded up 26 cents  to set a new high in the 21-year history of the New York  Mercantile Exchange contract.
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WASHINGTON -- Oil futures prices surged to new heights above $55 US a barrel yesterday as concerns about the global supply of heating oil persist ahead of winter.
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Oil prices jumped to a new record high near &#36;47 on Monday with traders on tenterhooks for the result of Venezuela's weekend referendum and Iraq's exports again disrupted by a Shi'ite uprising in the south.
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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, October 25  - Crude oil prices increased to new record high levels at $55.63 per barrel today, driven by concerns surrounding a potential disruption in supplies due to a shipping strike in Norway, the world&#39;s third-largest oil
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The light American crude oil yesterday registered a new high record price of 47.52 dollars per one barrel via electronic trading in London amid fears among the dealers of the increased pressures in the world demands for oil and tension in Iraq.