Oil Prices, Inventories Rise
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NEW YORK -- Crude oil prices have resumed their climb after word that the nation&#39;s crude supply grew for the second week in a row.
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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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Oil prices briefly climbed back over $50  on Tuesday, pushed higher by supply outages in the North Sea  and fears about low stocks of winter heating fuels.
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Crude oil prices surged again Wednesday, rising above $47 a barrel amid lingering concerns in supply from Iraq and Russia.
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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 jumped by more than $1 per barrel Wednesday, after the U.S. government reported an unexpected drop in crude inventories amid the lowest import levels since 2005.
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Crude oil climbed back over $50 a  barrel on Thursday, with worries over the security of Nigerian  supplies supporting prices despite a surprise increase in U.S.  crude inventories.
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Oil futures prices rose more than $1 a barrel in volatile trading yesterday after a government report showed a sharp rise in US crude supplies and tightening inventories of heating oil.
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Crude oil briefly bounced back into the black this morning after the release weekly supply levels. The Department of Energy (DOE) reported that crude oil inventories rose for the eighth consecutive week, gaining 800,000 barrels.
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Crude futures rose Tuesday as traders awaited US oil inventory data, and analysts said the market fundamentals were pointing to higher prices in the coming weeks.
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Oil prices added to strong gains on  Thursday, spurred by persistent OPEC talk of a cut in supplies  ahead of the second quarter that could drain healthy U.S.  stockpiles before summer.
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Oil prices climbed more than $2 higher on Friday on renewed concern over supplies of distillate fuels in all main consuming centers before the Northern Hemisphere winter.
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Oil prices climbed higher in Asian trade today as fresh concerns over the possibility of energy shortages in the northern hemisphere winter sparked another wave of panic among investors, dealers said.
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WASHINGTON -- Oil prices shot up above $48 US per barrel yesterday after the US government reported that supplies shrank more than expected following production and shipping disruptions caused by hurricane Ivan.
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Oil prices climbed above $47 a barrel today, after figures showed supplies in the U.S. were down for a third consecutive week.
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Oil prices rose on Thursday,   recovering from a near $4 fall in two days, fueled by signs of   prolonged talks over Iran and an unexpected sharp rise in   already bulging U.S. fuel inventories.
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Oil prices jumped nearly two dollars  on Thursday after the U.S. government said crude stocks fell to  a fresh five-month low last week and distillate fuel  inventories barely grew ahead of winter.