Oil climbs toward $60 on cold weather in U.S.
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Oil surged $1, toward $60, on Tuesday on expectations the coldest weather of the U.S. winter would cut heating oil stocks in the world's top energy consumer.
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Oil prices resumed this week's upward march on Friday, driven by worries that a new U.S. cold spell might erode already low winter fuel inventories.
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Crude oil futures moved upward Wednesday, as the northeastern United States - a heavy consumer of heating oil - felt the first signs of what could likely be a colder-than-expected winter.
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Oil prices edged up toward $48 a barrel early on Friday as worries that an early or severe winter could stress low winter fuel stocks helped staunch the market&#39;s $8 tumble from record highs.
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Oil futures prices have jumped 5 percent higher, climbing above $44 a barrel in the United States Wednesday after US government data showed a slight decline in crude and heating oil supplies as colder weather in the Northeast drove up
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Oil prices jumped to the highest  level in two weeks on Thursday, buoyed by a cold weather front  in the United States and below-average stocks of winter heating  fuels.
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Crude oil futures are headed for their biggest weekly gain in 21 months on speculation cold weather may boost demand in the US Northeast, where 80 percent of the country&#39;s heating oil is used.
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Oil prices soared above $60 a barrel on Wednesday as a rash of snags affecting U.S. oil refineries, pipelines, and an oil field sparked worries of a supply crunch in the world's biggest energy consumer.
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Oil prices stayed close to six-week  highs on Friday on forecasts that a bout of cold weather in the  United States would raise demand for heating fuels and natural  gas.
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Oil prices rose sharply on Friday as  worries a cold spell in the United States could erode already  depleted winter fuel inventories spurred the market higher.
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Oil prices edged up from seven-week lows  below $47 a barrel on Wednesday as U.S. crude oil inventories  grew again ahead of winter but heating oil stocks fell.
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Oil steadied near $60 on Monday after   briefly sliding to a six-month low on abundant supplies in top   consumer the United States and fears that slower U.S. economic   growth would stunt demand for fuel.
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Oil eased near $60 on Wednesday  following big gains the previous day spurred by disruption of  Alaskan crude exports and ahead of U.S. government data  expected to show declining stocks of heating and transport  fuels.
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Oil prices climbed nearly a dollar on  Monday, moving above $46 a barrel on escalating sabotage at  Iraqi oil facilities and the risk that a U.S. cold spell would  strain thin winter fuel supplies.
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Oil prices climbed nearly a dollar on Monday, moving above &#36;46 a barrel on escalating sabotage at Iraqi oil facilities and the risk that a U.S. cold spell would strain thin winter fuel supplies.
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U.S. retail home heating oil prices increased slightly during the last week and heating fuel supplies should stay tight this winter unless temperatures are warmer than forecast, the government said on Wednesday.
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Oil prices surged above $55-a-barrel on Friday as concerns about the global supply of winter fuels persist ahead of the Northern Hemisphere winter.