Oil prices firm after striking record 89 dollars
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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 steadied on Friday after an 8  percent rout spurred by a surprise interest rate hike in China  that raised doubts about demand from the world's second largest  energy user.
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Overnight trading in Asia kept oil prices at around the USD53.64 closing record they set in NY last night. Analysts said the price was supported by new concerns about the possible effects of a general strike
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Oil prices steadied on Friday after an  eight percent rout driven by a surprise interest rate hike in  China that raised doubts about demand from the world's second  largest energy user.
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Oil prices set a new record today on concerns over tight winter heating fuel supplies and news that a strike in Nigeria could put some crude exports on hold.
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Oil prices held firm just above &#36;47 a barrel on Friday, bolstered by a tightening outlook for market fundamentals and sliding U.S. temperatures.
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Oil steadied near $66 a barrel on   Tuesday, with bargain-hunting traders ending a six-day retreat   after Iran sounded a softer note on its atomic programme and   OPEC agreed to keep production steady for now.
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Oil shrugged off early losses to rise above $79 a barrel on Monday, within sight of its record high, as the market focused on a Federal Reserve meeting that is widely expected to cut interest rates.
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Oil prices steadied on Friday after an eight percent rout driven by a surprise interest rate hike in China that raised doubts about demand from the world&#39;s second largest energy user.
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Oil prices hit a record high Thursday of more than $90 a barrel after reports indicated that the Organization of Petroleum Exporting Countries has no plans to increase production.
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World oil prices have firmed after a five-session drop after a tentative cease-fire took hold in the Iraqi city of Najaf. New York&#39;s main contract, light sweet crude for October delivery, rose eight cents to $US43.
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Oil held steady on Friday, hovering at about $99 a barrel, after falling the day before as traders took profits from a record rally that propelled crude prices to over $100 a barrel.
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Oil held steady below $91 on Tuesday, supported by hopes of a fresh cut in U.S. interest rates due to its fragile economy, coupled with forecasts for a draw in American distillate stocks and OPEC to maintain output levels.
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LONDON - Oil prices held strong above $53 a barrel today 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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NEW YORK - Oil futures prices rose sharply yesterday, briefly climbing above a record $80 a barrel after the government reported a surprisingly large drop in crude inventories and declines in gasoline supplies and refinery activity.
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Oil prices hit another record on  Friday, trading as high as $53.40 a barrel, on supply worries  ahead of a planned oil worker strike in Nigeria and delays in  post-Hurricane Ivan U.S. output recovery efforts.
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World oil prices held firm on Friday  after pipeline sabotage in northern Iraq kept up supply fears  that have revived a powerful price rally.