Oil Sets Record as New Violence Flares in Iraq
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Oil prices struck a fresh record on Thursday, spurred higher by renewed violence in Iraq and fresh evidence that strong demand growth in China and India has not been slowed yet by higher energy costs.
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Global oil prices rallied to fresh highs on Friday with U.S. crude approaching &#36;49, driven by escalating violence in Iraq and unabated demand growth from China and India.
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Oil rallied to a fresh record high above  $92 a barrel on Friday as the dollar tumbled to a record low,  Washington imposed new sanctions on Iran and gunmen shut more  oil production in Nigeria.
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Oil prices continue their record-breaking run as fresh threats of sabotage in Iraq boost concerns that demand may outstrip supply.
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Iraq continued to export oil at one  million barrels a day on Friday, after an attack on the South  Oil Company headquarters brought sabotage operations to a new  level, an official at the state-owned entity said.
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NEW YORK - Oil prices reached a new high yesterday before retreating to close below Thursday&#39;s record level, after the Iraqi insurgency increased its pressure on the country&#39;s oil infrastructure and traders feared that growing unrest might interrupt crude ...
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Oil prices surged above $47 a barrel on  Wednesday on evidence that energy costs are not substantially  slowing the economic growth that fuels oil demand and new  reports of  rebel militia attacking Iraqi oil facilities.
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Oil prices set a new record today on concerns over tight winter heating fuel supplies and news that a strike in Nigeria could put some crude exports on hold.
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Iraq continued to export oil at one million barrels per day on Friday after an attack on the South Oil Company headquarters took sabotage operations to a new level, an official at the state-owned entity said.
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Global oil prices rallied to fresh  highs on Friday with U.S. crude approaching $49, driven by  escalating violence in Iraq and unabated demand growth from  China and India.
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World oil prices surged into new record territory above $US50 a barrel as traders took fright at a multitude of supply threats, including unrest in Nigeria and recent hurricanes.
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NEW YORK : New York crude oil smashed past 48 dollars a barrel for the first time, menacing the 50-dollar mark, as heavy fighting gripped the Iraqi city of Najaf.
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Oil prices rose on Friday, stemming five  days of heavy losses as fresh sabotage attacks on Iraqi oil  infrastructure renewed concern over the country's supplies,  despite a peace deal in Najaf
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NYMEX crude oil futures struck  another record at $48.90 a barrel on Friday before the  prompt-month expiry, as surging violence in Iraq sparked fresh  concerns over supply disruptions.
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Oil was trading higher on Monday after a  weekend of worsening conflict between Israel and Hizbollah  guerrillas, leaving traders nervous the violence could escalate  and spread across the oil-producing Middle East.
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Oil 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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World oil prices marched towards 50 dollars per barrel, touching new highs in pre-opening electronic trading as fighting raged in major producer Iraq.