Oil continues to rally
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Oil prices made fresh gains Friday, after leaping almost $2 a day earlier, as the US government said crude stocks sank for the sixth straight week last week and distillate fuels barely grew ahead of winter.
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Oil prices held strong on Friday not far below the &#36;55-a-barrel mark as traders worried time is running out to top up low heating oil inventories before winter.
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NEW YORK - Another jump in oil prices pre-empted a strong rally on Wall Street Tuesday, though stocks managed to post modest gains on the strength of a consumer price report that put many investors' inflation fears to rest for the near term.    The three major indexes all finished the session higher, showing resiliency in the face of a new record high in oil futures fueled by continuing problems for Russian oil giant Yukos...
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Another jump in oil prices pre-empted a strong rally on Wall Street Tuesday, though stocks managed to post modest gains.
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U.S. crude prices rose to another new record on Thursday, rising 25 cents to &#36;47.52 a barrel on evidence that high prices are not hurting world oil demand growth.
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Oil prices ticked higher on Tuesday,  holding above $42 a barrel as dealers awaited signs of any  renewed cold snap that would revive demand for winter heating  fuels in the United States.
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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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Oil prices rose Tuesday but stayed within the range the market has maintained since early October.
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NEW YORK A large build in the nation&#39;s energy inventories has oil prices plunging. That, combined with increased consumer spending and good news on manufacturing, has stocks in rally mode.
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OIL&#39;S RECORD-breaking rally took US crude over US$52 a barrel yesterday fuelled by the impact of Hurricane Ivan on US winter inventories.
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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 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 rose two per cent Tuesday on the back of a rally in heating oil futures that was supported by colder weather in the Western Hemisphere.
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Oil prices surged more than $2 on  Thursday to their highest level in six weeks, tracking a nearly  10 percent rally in natural gas as a cold snap cranked up  furnaces across the Midwest.
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Oil prices surged above $47 a barrel on  Wednesday on evidence that energy costs are not substantially  slowing the economic growth that fuels oil demand and new  reports of  rebel militia attacking Iraqi oil facilities.
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Oil prices held strong on Friday not far  below $55 as traders worried time is running out to top up low  heating oil inventories before winter.
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By George Chamberlin , Daily Transcript Financial Correspondent. Stock prices rallied on Friday as oil prices continued to seesaw.