US Oil Holds Above $46 on Supply Concerns
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U.S. oil prices held above $46 a  barrel on Tuesday on worries of a major supply disruption at a  time when producers are pumping at full tilt to meet strong  demand.
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WASHINGTON -- Oil prices shot up above $48 US per barrel yesterday after the US government reported that supplies shrank more than expected following production and shipping disruptions caused by hurricane Ivan.
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Oil prices held strong above $53 a  barrel on Wednesday 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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Oil prices held overnight at slightly higher levels after a mixed report yesterday on US inventory levels. Crude for December delivery spiked to USD47 a barrel in New York last night after the figures, but
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Crude oil prices pushed above $49 a barrel on Monday, reflecting concerns about supply in key producers and Hurricane Ivan&#39;s impact on oil rigs in the Gulf of Mexico.
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Oil prices held steady on Thursday as concern over lean heating fuel supplies in the United States and Europe ahead of winter stemmed falls of nearly $10 since late October.
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Oil prices will remain at high levels into next year owing to tight supplies and despite fears that a weak US economy may dent crude demand, leading energy consultants said here Monday.
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Oil prices held firm on Tuesday on concerns about another cold snap in the United States and possible supply disruption in the Middle East and Russia.
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Oil prices held steady on Thursday as  data showing stubbornly low U.S. heating fuel supplies ahead of  winter stemmed a rout of nearly $10 since late October.
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High-flying oil prices held above $54 a  barrel on Tuesday as concern lingered over the thin state of  heating oil supplies ahead of the northern winter.
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NEW YORK, December 2  - Crude oil futures steadied at under $46 per barrel in early morning trade today, after declining by more than $3 per barrel yesterday on reports of higher-than-expected increases in the US supplies of crude oil
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A boost in US crude supplies and the end of American election uncertainties brought some calm to oil markets Thursday, with crude futures falling but still holding above the $50 mark.
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Oil futures dipped below $46 a barrel yesterday as traders assessed what appeared to be a short-lived cold snap in the United States, where cold weather and tight heating oil supplies helped drive prices higher last week.
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Oil held above $61 on Tuesday after   rebounding from a six-month low as dealers focused on whether   OPEC might trim output should prices fall further.
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Oil prices rose Monday morning, climbing toward $46 per barrel, after reports that embattled Russian oil giant Yukos suspended some oil exports to China and as traders expect further declines in the US petroleum supply due to production, refining and
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Oil prices held steady on Thursday as data showing stubbornly low US heating fuel supplies ahead of winter stemmed a rout of nearly $10 since late October.
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Oil prices held steady above $48 on  Friday as the U.S. government said it would lend refiners crude  from the Strategic Petroleum Reserve (SPR), but traders deemed  the loan too small to have a lasting impact.