Oil Prices Hold Near $47 on Iraq Threat
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Oil prices held steady near $47 a barrel  on Wednesday a day after setting yet another record when the  United States, the world's biggest oil consumer, said inflation  had stayed in check despite rising energy costs.
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Oil held near $97 a barrel on Friday, within sight of its record high, bolstered by a fall in U.S. fuel inventories and mounting tension in Pakistan and northern Iraq.
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U.S. oil prices hovered near &#36;47 a barrel on Wednesday, awaiting data that was expected to show a big drop in fuel stocks in the United States due to weather-related disruptions to output and shipments.
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Crude oil prices hovered near an all-time record high of US$49.40 as supply fears in Iraq and other key producers pushed up early trading Monday, while the market took stock of Hurricane Ivan&#39;s impact on oil rigs in the Gulf of Mexico.
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Oil prices held steady on Tuesday after falling 2 percent a day earlier and were set for further falls in anticipation of higher U.S. crude stocks despite concerns over disruptions to Iraqi oil flow.
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Oil prices held steady above $49 on  Friday as market unease persisted over supply security in  Nigeria, despite peace talks, while the world's richest nations  suggested oil resources were scarcer than first thought.
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U.S. oil prices hovered near $47 a  barrel on Wednesday, awaiting data that was expected to show a  big drop in fuel stocks in the United States due to  weather-related disruptions to output and shipments.
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Oil prices clung near the $49 mark on  Tuesday, pausing from a 12 percent slide from record highs  ahead of key mid-week data on the health of winter fuel  stockpiles in the leading consumer, the United States.
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Oil prices held just below the &#36;47 mark on Monday as Iraq resumed exports from both its northern and southern outlets after lengthy disruption, despite fierce fighting in the holy city of Najaf.
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Oil prices held steady on Tuesday after falling 2 percent a day earlier and were set for further falls in anticipation of higher US crude stocks despite concerns over disruptions to Iraqi oil flow.
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Oil prices surged to a new high of $47 a  barrel on Wednesday after a new threat by rebel militia against  Iraqi oil facilities and as the United States said inflation  had stayed in check despite rising energy costs.
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Oil prices held firm just above $47 a  barrel on Friday, bolstered by a tightening outlook for market  fundamentals and sliding U.S. temperatures.
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Oil prices surged to a new high above $47 a barrel spurred by concern for the safety of oil facilities in Iraq.
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Oil prices struck another record high on Thursday and remained supported above $47 by a fall in US crude stockpiles and threats by insurgents in Iraq against oil facilities.
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Oil prices held firm around $55 a barrel  on Wednesday as traders braced for the start of the northern  winter with thin heating oil supplies.
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Oil prices climbed toward $47 a barrel  on Thursday after bullish fuel stocks data in the United States  and a series of production hitches across the globe.
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Oil prices climbed above $47 a barrel today, after figures showed supplies in the U.S. were down for a third consecutive week.