Supply worries lift oil prices
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Oil prices hit a one-month high of $47 a barrel yesterday as traders worried that US petroleum inventories had drawn down heavily due to Hurricane Ivan.
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Crude oil futures prices rose Wednesday because of lingering concerns about heating oil supplies and fears that OPEC could rein in output when it meets later this week.
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NEW YORK - Oil prices continued climbing on Wednesday as supply concerns lingered and a weekly report showed US crude inventories were smaller than expected.
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Oil prices climbed toward $47 a  barrel on Thursday after bullish fuel stocks data in the United  States and a series of production hitches across the globe  rekindled worries of a major supply disruption.
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World crude prices rise amid fears that oil supplies from the Gulf of Mexico could be disrupted by Hurricane Ivan, and as saboteurs strike a pipeline in Iraq.
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Oil futures prices rose in Europe Thursday amid concerns about heating oil supplies at the beginning of the Northern Hemisphere winter.
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Oil prices rose on Wednesday, as  production glitches knocked around a million barrels daily from  world supply and U.S. government data showed a  bigger-than-expected fall in crude oil stocks.
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Crude oil prices rose for the second day Thursday as traders worries that the Organization of Petroleum Exporting Countries (OPEC) might trim excess oil output.
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Oil futures prices climbed above $46 a barrel yesterday after the US government reported that commercial inventories of crude and heating oil fell last week and as traders considered the effect of global supply snags and forecasts calling for colder weather.
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Crude oil prices surged to a new high Monday on supply concerns ahead of the coming winter, a possible petroleum-industry strike in Norway and data showing that China&#39;s big demand for oil is likely to increase.
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NEW YORK -- Oil prices rose above $70 a barrel yesterday, as persistently high fuel demand and concerns about possible supply disruptions in the Middle East and Nigeria offset news of increasing US inventories.
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OIL prices rose from three- month lows yesterday as political unrest overseas renewed concerns about supplies, while some Organisation of Petroleum Exporting Countries members started talking about cutting production to protect their incomes.
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Oil prices climbed $2 higher on Friday  on renewed concern over tight supplies of distillate fuels in  all main consuming centers ahead of the Northern Hemisphere  winter.
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World oil prices rose on Friday, boosted by production stoppages due to a severe hurricane in the Gulf of Mexico and worries that another storm might further delay imports into the United States.
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Crude futures rose Friday amid market jitters over possible production cuts by OPEC at their meeting in Egypt, as well as fears that winter weather will put pressure on supplies.
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A combination of political jitters about the Middle East and supply concerns for winter helped drive the price of crude oil briefly past $88 a barrel in New York yesterday.
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Oil prices rose on Friday as tight supplies of distillate fuel, including heating oil, ahead of the northern hemisphere winter spurred buying.