Crude Oil Rises Above $55 to Record on US Supply Concern
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Crude oil futures rose to a record in New York for a third day on speculation US demand for heating oil will deplete inventories this winter.
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U.S. crude prices rose to another new  record on Thursday, rising 25 cents to $47.52 a barrel on  evidence that high prices are not hurting world oil demand  growth.
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Oil prices made fresh gains above $55 a  barrel on Monday led by record-breaking heating oil prices on  fears of a winter supply crunch.
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Oil prices hit another record on  Friday, trading as high as $53.40 a barrel, on supply worries  ahead of a planned oil worker strike in Nigeria and delays in  post-Hurricane Ivan U.S. output recovery efforts.
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Crude oil futures continued to climb Friday, reaching a record high as decline in the US inventory of heating oil and tight supplies still overshadowed the energy markets.
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Crude oil prices surged again Wednesday, rising above $47 a barrel amid lingering concerns in supply from Iraq and Russia.
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Crude oil futures rallied late Friday to a new record high of $54.90, a day after a decline in the US inventory of heating oil roiled a market already on edge over tight supplies, high demand and unrest among key producers.
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World oil prices marched towards $55 today on worries about low stocks of US heating fuel and tight crude supplies, amid strong demand ahead of the northern hemisphere winter.
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NEW YORK, October 18  - Crude oil prices increased to new record high levels for the third consecutive day, reaching $55.
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Oil prices rise above $71 a barrel as fears intensify over Mid-East instability and insufficient supply in the US.
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Oil prices rallied to a record above  $55 a barrel Monday on concerns over a winter fuel supply  crunch, and as traders took comments from a top U.S. official  to mean high prices have yet to really dent American demand.
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U.S. crude oil futures hit a new  record on Tuesday at $50.01 a barrel as worries about the  stability of supplies from Iraq, Nigeria and Russia compounded  concerns over low fuel stocks ahead of peak winter demand.
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Oil prices soared to another record high of almost 55 US dollars a barrel on Thursday as Washington reported another fall in heating fuel stocks before winter.
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Crude oil prices surged to a record in New York and London on concern that hurricane damage to production platforms in the Gulf of Mexico will keep supplies from rising enough to meet winter needs.
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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 rallied to a record high  above $55 a barrel on Friday on rising fears of a winter fuel  supply crunch and robust economic growth in China, the world's  number two user.
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Oil prices climbed again Friday, closing above $55 a barrel for the first time on conercns of domestic shortages in the upcoming winter.