Oil prices rise as US crude supplies weaken
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New York - Oil prices rose sharply Wednesday following the release of a US government report that said crude supplies fell by more than expected last week due to disruptions caused by Hurricane Ivan.
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LONDON  - Oil prices see-sawed, failing to sustain a brief rally on news of a surprise fall in US distillate stockpiles, including heating fuel, and an unexpectedly small increase in crude inventories.
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OIL prices dropped from record highs above $50 a barrel yesterday as weekly US inventory data showed a surprise increase in crude stocks, easing fears over stretched international supplies.
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NEW YORK, October 27  - Crude oil prices declined sharply today after the US weekly inventory data revealed a higher-than-expected increase in crude oil inventories last week.
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Oil prices fell yesterday after government data showed US inventories of crude grew last week, surprising many traders and analysts who had expected supplies to shrink due to lingering output problems caused by Hurricane Ivan.
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Crude oil futures rose above $42 a barrel Wednesday after government data showed an increase in US fuel supplies. Traders were also focused on an upcoming OPEC meeting at which the group could trim output in response to falling prices.
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Oil prices jumped from a four-month low on Wednesday as slow growth in US heating fuel inventories heightened fears for tight winter supplies.
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Oil prices rebounded Friday but remained below $50 US a barrel after declining four per cent over the past week due to rising US supplies of crude and natural gas.
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A militant attack on the US consulate in Saudi Arabia and unrest in Nigeria pushed crude prices upward Tuesday, as supply fears crept back into play and traders considered a potential production cut from oil cartel OPEC.
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Crude oil futures prices climbed yesterday on the back of a rally in heating oil after the US government said the nation's supply of distillate fuel declined for the ninth consecutive week.
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Crude oil prices have dipped after the government said energy supplies have risen over the past week. It reveals surprising increases in the nation&#39;s supply of oil and distillate fuel, which includes heating oil and diesel.
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Crude oil futures were little changed after rising yesterday as a decline in US heating oil supplies raised concern about shortages this winter, which is expected to be colder than normal.
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A boost in US crude and natural gas supplies brought some relief to oil markets Thursday, with crude futures falling below the $50-a-barrel mark.
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Oil prices fell below $48 a barrel Wednesday after the US government reported increases in the nation&#39;s supply of crude oil and distillate fuel, which includes heating oil.
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NEW YORK -- Crude oil futures briefly climbed back over $50 a barrel yesterday, with worries over the security of Nigerian supplies supporting prices despite a surprise increase in US crude inventories.
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US crude oil futures climbed towards $46 a barrel Monday after Russia&#39;s Yukos suspended some oil exports to China and traders remained concerned about storm-related supply disruptions into the United States.
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Oil prices rose on Friday as worries a  cold spell in the United States could erode already depleted  winter fuel inventories spurred the market higher.