HOW HIGH WILL IT GO? Ivan&#39;s damage to Gulf rigs is helping fuel ...
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Crude oil prices climbed above $50 per barrel Tuesday, their highest level since futures began trading in 1983. The increase raises new questions about just how far prices will climb, with
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WASHINGTON - Oil prices rose Thursday despite reports that refineries along the Gulf Coast, as well as production platforms in the Gulf of Mexico, that had been shut down were slowly being restaffed, as Hurricane Ivan proved to be less disruptive than feared.   "We've really not heard of any refineries in that area reporting any problems," and several are already being restarted, said Tom Bentz, a trader at BNP Paribas Futures in New York...
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Crude oil was little changed after rising 2.5 percent yesterday as the approach of Hurricane Ivan disrupted production and tanker shipments in the Gulf of Mexico, where a quarter of US oil and natural gas is pumped.
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Oil prices were hovering close to last weekâs record high today after breaking through the $50 mark again. Production problems in the Gulf of Mexico due to the impact of Hurricane Ivan continued to have
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World oil prices rose on Tuesday as  Hurricane Ivan charged toward the oil-rich Gulf of Mexico,  where energy companies evacuated thousands of offshore workers  and halted some production.
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NEW YORK : The latest twists and turns from Hurricane Ivan prompted renewed concerns Monday about oil production in the Gulf of Mexico, pushing futures prices sharply higher on global markets.
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Hurricane Ivan spared the critical Gulf Coast refining belt, but oil prices rose anyway Thursday on fears a new storm brewing in the Caribbean will delay tankers carrying imported crude to US ports.
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NEW ORLEANS Five offshore oil rigs were set adrift in the Gulf of Mexico and three others were damaged by Hurricane Ivan. The Coast Guard says it received a report from Diamond Offshore that a 335-foot semi
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Oil prices bounded higher for the fourth day in a row Tuesday, with traders expecting further declines in the nation&#39;s supply as petroleum producers disrupted by Hurricane Ivan continue to regroup.
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DALLAS (CBS.MW) -- Oil and gas field operators in the Gulf of Mexico and onshore refiners said Thursday the weather is now calm enough to begin the arduous task of damage assessments after Hurricane Ivan steamrolled through the region.
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Crude oil surged to a four-week high, bringing the gain this week to almost $3 a barrel, on concern that shutdowns caused by Hurricane Ivan would further reduce inventories.
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Energy markets shuddered Monday with the approach of Hurricane Ivan, bidding up crude oil and natural gas prices as crews scrambled to evacuate production platforms in the Gulf of Mexico.
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PENSACOLA, Fla. - Hurricane Ivan drilled the Gulf Coast on Thursday with 130-mph winds that inflicted far less damage than feared everywhere except Florida's Panhandle, where residents were left with surge-ravaged beachfronts, flooded streets and homes ripped apart by deadly tornadoes...
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As oil and natural gas producers  recover from Hurricane Ivan, energy companies and weather  forecasters were carefully watching on Tuesday a remnant of  last week's storm for signs of strengthening as it crosses the  Gulf of Mexico.
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SAN FRANCISCO (CBS.MW) - Transocean, after a frantic search for a giant oil rig blown off location by Hurricane Ivan, said late Thursday it found the structure drifting along 70 miles from the well it had been drilling, upright and apparently undamaged.
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WASHINGTON - Oil prices darted above $51 a barrel Tuesday as output in the Gulf of Mexico remains in shambles more than two weeks after Hurricane Ivan tore through the region.    Even as the advance in crude futures begins to appear unstoppable, with traders saying $55 a barrel seems possible, some analysts are convinced a speculative bubble has formed...
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World oil prices shot higher on Monday  as companies operating in the U.S. Gulf of Mexico braced for  output disruptions from powerful Hurricane Ivan.