Oil breaks $100 as U.S. stockpiles drop
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Oil prices broke above $100 a barrel for the first time on Thursday after a U.S. government report showed a steep slide in crude inventories in the world's biggest energy consumer.
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NEW YORK A large build in the nation&#39;s energy inventories has oil prices plunging. That, combined with increased consumer spending and good news on manufacturing, has stocks in rally mode.
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NEW YORK - Crude oil prices took a big jump Wednesday after a US Energy Department report showed a drop in crude oil inventories amid a cold snap in the big oil-consuming states of the US northeast.
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A barrel of oil for delivery in February trades at $100 on the New York Mercantile Exchange for the first time.
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NEW YORK - Oil prices climbed to within a dollar of a new record on Wednesday after the US government reported a big decline in oil stockpiles because of disruptions from Hurricane Ivan.
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Oil prices dipped on Thursday, after jumping to a lifetime high of $100 the day before, fuelled by expectations of thinning U.S. stockpiles, the falling dollar and geopolitical risks.
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Oil hit a record high above $79 a barrel  on Wednesday, propelled by an unexpectedly large drop in U.S.  crude oil stocks that coincided with only a small output  increase from OPEC ahead of peak winter demand.
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Business & money: US crude oil prices hit the psychological barrier of $100 a barrel for the first time today
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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 prices broke above $100 a barrel for the first time on Thursday, after a U.S. government report showed a steep slide in crude inventories in the world's biggest energy consumer.
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Oil prices tumbled on Wednesday as an unexpected rise in US stockpiles eased supply concerns, and coffee fell for a second straight day as speculators cashed out from the market&#39;s bull run to four-year highs.
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The price of oil surged yesterday on news that US inventories had fallen for the third week in a row.
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World oil prices surged to historic highs Friday, breaching 92 dollars for the first time in New York on rising tension in crude-rich Iran and tight US energy supplies, analysts said.
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Oil prices surpassed $100 a barrel for the first time after a U.S. government report showed a steep slide in crude inventories.
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Oil prices abruptly ended a losing streak on Wednesday, jumping nearly $1 after a US government report showed heating oil stockpiles down 16 percent from last year ahead of winter.
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Oil prices hit another new record after an unexpected fall in US crude stockpiles adds to winter supply concerns.
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Oil prices surged more than two dollars  on Wednesday as the U.S. government reported a fall in heating  oil stocks and cold weather gripped the U.S. Northeast, the  world's biggest heating fuel market.