Terrorist attack pumps up oil prices
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Oil prices rose off three-month lows yesterday, after an attack on the US consulate in Saudi Arabia and reports of an OPEC pledge to raise its minimum price target.
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The price of oil jumped to another high on Monday, in part because of dramatic disruptions caused by hurricanes whipping through the Gulf of Mexico.
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Oil prices rise again as traders weigh up supply issues and the geopolitical tensions building in the Middle East.
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Oil prices were forced higher today by an outbreak of violence in Saudi Arabia and concerns that Opec may cut output. The cost of a barrel of light, sweet crude oil climbed
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Oil prices rose more than $1 a barrel yesterday after an attack on an oil facility in Iraq and after Saudi Arabia's oil minister said OPEC might decide to cut output again when it meets next month.
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Oil prices have surged to a new high of $47 a barrel after a new threat by rebel militia against Iraqi oil facilities, and as the United States says inflation has stayed in check despite rising energy costs.
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OIL prices surged past $50 a barrel yesterday, driven to the historic high by the threat of an armed uprising in Nigeria against the government and multinationals.
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Oil prices have raced to new record high levels after oil majors evacuated workers in Nigeria and police clashed with suspected Islamic militants in the Saudi Arabian capital, Riyadh.
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Oil prices rose for the second day in  a row on Thursday with an Arctic blast forecast to hit the  United States next week, ramping up demand for heating fuels.
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Oil prices rose more than $1 a barrel Wednesday following reports of at least one explosion in the capital of Saudi Arabia and after the US government reported that winter fuel supplies declined last week.
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World oil prices rose Thursday, one day after hitting a record high 89 dollars, as traders absorbed geopolitical tensions in the crude-rich Middle East and rising US energy reserves.
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Oil prices blasted higher yesterday, surging above $44 a barrel after government data showed a slight decline in crude and heating oil supplies as a Northeast cold snap drove up fuel demand.
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Oil prices surged 5 percent on Friday as frigid weather lingered in the mammoth US Northeast heating oil market and militant Osama bin Laden urged renewed attacks on Middle East oil installations.
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Oil prices soared Friday as worries about heating fuel supplies and technical trading factors pushed prices sharply higher.
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Oil prices rose for a second day on  Wednesday after a car bomb exploded in Saudi Arabia's capital  and after the U.S. government reported another decline in lean  winter heating fuel stocks.
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Oil prices jumped more than a dollar,  climbing above $48 a barrel on Wednesday after U.S. data showed  the disruption caused by Hurricane Ivan had eaten into fuel  stocks.
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Oil prices were forced higher today by an outbreak of violence in Saudi Arabia and concerns that Opec may cut output. The cost of a barrel of light, sweet crude oil climbed to 43.31 US dollars after gunmen