Crude-oil futures surge to over $53
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NEW YORK - Crude-oil futures rallied back above $53 late on Wednesday on speculation and panic sparked by an oil-line explosion in Mexico.
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LONDON - Oil prices held strong above $53 a barrel today as worries over a winter supply crunch countered expectations that high fuel costs would curb growth in petroleum demand next year.
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Crude futures surged above $52 a barrel yesterday as a possible strike by Nigerian oil workers loomed and petroleum output in the Gulf of Mexico continued to suffer more than two weeks after Hurricane Ivan whipped through the region.
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CRUDE oil prices pushed past the psychologically important $US50-per-barrel mark today and hit an all-time high as the market reacted to the slow recovery of US production in the Gulf of Mexico following Hurricane Ivan as well as unrest in key oil
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U.S. crude futures ended above &#36;75 per  barrel on Wednesday after soaring to a record high earlier in  the trading session.
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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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SINGAPORE -- Crude oil futures rose to a record for a third day Monday, surpassing $55 in New York on speculation US demand for heating oil will deplete inventories this winter.
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Oil's record-breaking rally took U.S.  crude over $52 a barrel on Wednesday, a new all-time high,  fueled by the impact of Hurricane Ivan on U.S. winter  inventories.
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Oil prices scaled new heights at $53 for  U.S. crude Thursday on concerns over tight winter heating fuel  supplies and an unexpected strike at Nigerian oil terminals.
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Crude oil fell after reaching a record $53 a barrel in New York yesterday on speculation global output may provide US refiners with enough supply to meet winter needs.
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The Toronto stock market was on positive ground this morning as energy stocks continued to benefit from record high oil prices that hit $53 (US) a barrel.
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Crude oil prices surged to a new high Monday on supply concerns ahead of the winter, a possible petroleum-industry strike in Norway and data showing that China&#39;s big demand for oil is likely to increase.
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Singapore - Crude oil prices surged past an unprecedented $55 per barrel Monday, driven by uncertainty over production, high demand and tight global supplies ahead of the Northern Hemisphere winter.
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Crude oil prices surged to a new high Monday on supply concerns ahead of the coming winter, a possible petroleum-industry strike in Norway and data showing that China&#39;s big demand for oil is likely to increase.
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Crude oil may rise from a record US$53 a barrel over concerns that imports will not make up for a drop in Gulf of Mexico output caused by Hurricane Ivan.
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NEW YORK (CP) - The price of crude oil continued gurgling up to new highs Thursday, touching $53 US per barrel in morning trading on the New York Mercantile Exchange.
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Crude oil prices rose back up over $53 a barrel Tuesday, signaling more bad news for an airline industry already facing record-high fuel prices.