Oil majors little moved by $100-per-barrel crude
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Oil companies' shares got a modest boost as crude oil prices touched a record $100 per barrel on Wednesday, but some analysts do not expect that to trigger a rally in energy's biggest names.
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Oil dipping almost $1 doesn&#39;t signal the beginning of a major retreat, say commodities experts who suggest crude might never fall below $40 US a barrel again.
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Oil futures shot higher, closing above $100 for the first time as investors bet that crude prices will keep climbing despite evidence of plentiful supplies and falling demand.
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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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Business & money: Opec under fire as US crude nears $100 a barrel.
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U.S. stocks were little changed on  Friday as investors worried high crude prices will hurt the  economy and corporate profits, but oil production companies  like Exxon Mobil Corp. XOM.N and ChevronTexaco Corp. CVX.N  got a boost as the price of crude inched toward $50 per barrel.
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Oil was steady at $96 a barrel on Monday, heading for its biggest annual gain this decade as growing geopolitical concerns and dwindling consumer nation stockpiles outweighed the risk of a softening U.S. economy.
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Oil hovered above $95 a barrel on Monday, as investors weighed the effects of a slowing U.S. economy against an escalating row between OPEC member Venezuela and oil major Exxon Mobil .
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Oil prices dipped on Thursday, after leaping 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's advance wavered a little on Friday  as the U.S. government prepared to lend out some strategic  crude stocks, but traders said the amounts were small and that  supply worries remained.
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NEW YORK -- Oil futures shot higher Tuesday, closing above $100 for the first time as investors bet that crude prices will keep climbing despite evidence of plentiful supplies and falling demand. At the pump, gas prices rose further above $3 a gallon.
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Stock index futures slipped on Thursday as oil prices stayed near $100 a barrel and as investors were nervous before data on jobs and factory orders.
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US oil prices hovered just shy of $44 a barrel on Tuesday, awaiting the arrival of Hurricane Ivan in the oil-rich Gulf of Mexico, where energy companies had evacuated thousands of offshore workers and shut some production.
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Oil prices vaulted to a record $100 a barrel on Wednesday as violence in Nigeria, tight energy stockpiles and a weaker dollar triggered a surge of speculative buying, dealers said.
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U.S. crude oil futures hit a record $100 a barrel on Wednesday, surging more than $4 as violence in OPEC members Nigeria and Algeria combined with a weak dollar and a cold snap to boost crude futures.
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President George W. Bush will not tap the U.S. Strategic Petroleum Reserve to ease oil prices that hit a record high of $100 a barrel on Wednesday, the White House said.
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Oil prices held firm on Friday,  shrugging off a U.S. government move to lend out some strategic  crude stocks as traders said the amounts were small and that  supply worries remained.