Crude oil futures prices hit historical highs
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CONTINUING concerns over possible supply disruptions and strong demand pushed prices of crude oil futures to historical highs yesterday.
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Crude futures for December delivery hit a high of $55.67 Monday morning in electronic trading on the New York Mercantile Exchange.
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Oil prices approach record highs as the weak dollar and more worries about supply inflate prices.
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The price of crude oil hit another record high yesterday, capping a wild week on Wall Street, punctuated by widespread rumors and violent market swings.
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NEW YORK : Crude oil futures jumped to a record high closing on the New York Mercantile Exchange Friday, as markets fretted over tight US supplies despite a decision to release small amounts from a strategic reserve.
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Crude oil futures rallied late Friday to a new record high of $54.90, a day after a decline in the U.S. inventory of heating oil roiled a market already on edge over tight supplies, high demand and unrest among key producers.
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The price of New York crude surged to a new record high of 81.80 dollars a barrel on Tuesday ahead of a US interest rate call and as traders fretted over tight energy supplies in the United States.
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NEW YORK, October 25  - Crude oil prices increased to new record high levels at $55.63 per barrel today, driven by concerns surrounding a potential disruption in supplies due to a shipping strike in Norway, the world&#39;s third-largest oil
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LONDON: Oil prices extended record-setting highs above US$51 for US crude yesterday, led by worries over the impact of Hurricane Ivan on US winter fuel stocks.
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November light, sweet crude oil futures rose as much as 96 cents on the New York Mercantile Exchange to US$54.60 a barrel, the highest price in 21 years of trading.
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US crude oil futures have surged above $55 a barrel in electronic trading due to widespread worries about northern winter fuel supplies, traders said.
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U.S. crude futures ended above &#36;75 per  barrel on Wednesday after soaring to a record high earlier in  the trading session.
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Oil prices jumped to fresh historic highs on Monday, breaching 93 dollars for the first time on mounting concerns about tight energy supplies worldwide, analysts said.
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NEW YORK, Sept 27  - Oil futures jumped to their highest closing on record Monday on the New York Mercantile Exchange, rising 76 cents to 49.
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Crude reaches $51.48 a barrel as the damage from Hurricane Ivan lingers in the Gulf of Mexico. LONDON  - Oil prices streaked to a record high above $51 a barrel Wednesday as speculators drove up prices
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NEW YORK, October 18  - Crude oil prices increased to new record high levels for the third consecutive day, reaching $55.
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Oil futures have jumped to their highest closing on record on the New York Mercantile Exchange, rising 76 US cents to $US49.64 dollars a barrel, as unrest in Nigeria and Saudi Arabia alarmed traders.