Oil rises $1 on Bhutto killing, U.S. stock fall
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Oil rose more than a dollar past $97 a barrel on Thursday, on falling U.S. crude stocks and mounting geopolitical tensions after the killing of Pakistani opposition leader Benazir Bhutto.
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Oil prices ticked higher on Tuesday after dropping 1 percent a day earlier as traders were torn between supply anxieties in Nigeria and the looming end of winter oil demand in top consumer the United States.
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Leading shares gained momentum in late afternoon deals to close higher after the assassination of Pakistan's opposition leader, Benazir Bhutto, reignited geopolitical concerns and sent oil prices to a fresh 1-month high, fuelling oil heavyweight share prices.
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Oil prices rose in early trading Wednesday after the government reported that supplies shrank more than expected following production and shipping disruptions caused by Hurricane Ivan.
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LONDON : World oil prices sprinted up to new one-month high points as traders showed alarm at a steep fall in US crude oil inventories in the wake of Hurricane Ivan.
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Oil rose to $71 a barrel on Friday, near a nine-month high, as a strike in Nigeria threatened more of the country's output and Iran remained defiant over its nuclear program.
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Oil futures prices rose more than $1 a barrel in volatile trading yesterday after a government report showed a sharp rise in US crude supplies and tightening inventories of heating oil.
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Crude oil futures rose yesterday for the first time in a week, climbing above $43 a barrel after an attack at the US consulate in Saudi Arabia and amid growing concerns that OPEC may try to firm-up oil prices after last week's sharp sell-off.
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Oil prices rally, adding almost $1 amid concerns that more crude will need to be refined to boost US petrol reserves.
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Oil rose to a one-month high  above $96 a barrel on Wednesday ahead of a U.S. government  report expected to show crude inventories in the world's top  consumer fell for a sixth straight week.
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Oil rose more than $1 to over $61 a barrel on Thursday after U.S. government data showed a sharp fall in fuel supplies last week.
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World oil prices rose on Thursday as OPEC ministers gathering in Cairo raised the prospect of cutting output. New York&#39;s main contract, light sweet crude for delivery in January, climbed 59 cents to 42.53 dollars a barrel.
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Oil extended its retreat by more than  $1 on Thursday after an unexpectedly large rise in U.S. crude  inventories spurred speculative funds to take profits out of  record high prices.
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Oil rose to $71 a barrel on Friday, near  a nine-month high, as a strike in Nigeria threatened more of  the country&#39;s output and Iran remained defiant over its nuclear  program.
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Oil prices have jumped nearly $2 a barrel on news of bombings in Saudi Arabia and tighter US fuel supplies. Crude for February delivery rose $1.87 to settle at $43.64 cents a barrel on the New York Mercantile Exchange Wednesday.
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Oil jumped a dollar to above $60 on Thursday after OPEC officials said the producer group will cut output by 1 million barrels per day as soon as possible to prop up prices.
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Oil prices surged more than $1 on  Wednesday as worries over tight heating fuel supplies in the  U.S. and Europe this winter countered a previous bout of  profit-taking by big-money funds.