NY Oil Rises to a Record as US Refiners Boost Operations
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Aug. 18 (Bloomberg) -- Crude oil prices rose to a record $47.39 a barrel in New York after an Energy Department report showed that US refineries boosted their operations and that gasoline demand rose to the highest level this year.
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Crude oil prices rose to a record high in London trading and hit near-record levels in New York on Monday. London&#39;s benchmark Brent crude oil hit a record of $46.
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LONDON: Oil&#39;s record-breaking rally has taken US crude over $US52 a barrel, fuelled by the impact of Hurricane Ivan on US winter inventories.
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US crude prices on the New York Mercantile Exchange have hit fresh record highs, hitting $49.45 a barrel, up more than 50 percent from the start of the year.
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Oil future prices climbed to a new high in New York on Monday as a strike began in NigeriaâAfrica&#39;s largest exporter of crude oil.
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Crude oil rose and natural gas soared in New York as the approach of Hurricane Ivan disrupted production and tanker shipments in the Gulf of Mexico, where a quarter of US oil and natural gas is pumped.
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Oil leapt to a record high for a third  day on Monday, surpassing $93 as Mexico briefly halted  one-fifth of its production and the U.S. dollar struck new  lows.
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Oil prices surged to yet new record  highs Tuesday, driving U.S. crude above $54 as global supply  outages thwart efforts to build winter heating fuel  inventories.
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new yorkâCrude oil surged to a four-week high yesterday, bringing the gain this week to almost $3 (US) a barrel, on concern shutdowns caused by Hurricane Ivan will further reduce US inventories.
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NEW YORK : New York&#39;s main crude oil contract shot to a record high 55.45 dollars a barrel amid deepening concern over US stocks of winter heating fuel.
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Aug. 18 (Bloomberg) -- Crude oil prices rose to a record in New York before a government report that&#39;s expected to show the third straight weekly drop in US crude oil inventories.
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THE cost of oil soared to a record $US49.64 a barrel today as unrest in Nigeria and Saudi Arabia alarmed traders. Oil futures jumped to their highest closing price on record on the New York Mercantile Exchange.
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Oil soared to another record yesterday on worries that global energy supplies could shrink to critical levels during this winter heating season because of strong growth in demand.
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Crude oil in New York rose to a record $53.80 a barrel after the US said some production shutdowns in the Gulf of Mexico caused by Hurricane Ivan may last as long as six months.
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U.S. residential heating oil prices  hit a record high for the fourth straight week, and a big boost  in heating fuel inventories won't come until refineries resume  operations after completing their routine autumn maintenance,  the government said on Wednesday.
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Oil rose to an all-time high of $80.20 on Thursday after Hurricane Humberto forced the closure of some U.S. Gulf refiners and stoked concerns of fuel shortages this winter.
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PARIS Crude oil prices rose to a record Thursday, reaching $53 for the first time amid continuing disruption to US production and a threat to Nigerian output from worker unrest.