Update 1: Crude Settles Above $50 for First Time
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The price of oil settled above $50 a barrel for the first time Friday amid concerns about tight supplies globally and hurricane-related production problems in the Gulf of Mexico.
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U.S. crude oil futures hit a new  record on Tuesday at $50.01 a barrel as worries about the  stability of supplies from Iraq, Nigeria and Russia compounded  concerns over low fuel stocks ahead of peak winter demand.
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NEW YORK - The price of oil settled above $50 a barrel for the first time yesterday amid worries about tight supplies and production problems because of hurricanes in the Gulf of Mexico.
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PARIS The price of oil, which has been inexorably rising for the past two years, finally broke through the $50-a-barrel mark Tuesday, reaching a new milestone as some analysts warned that there was nothing to stop prices from rising even further.
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NEW YORK, November 22  - Crude oil prices increased to near the $50 per barrel mark this morning, amid renewed concerns surrounding a potential shortfall in the heating fuel supplies this winter.
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Crude oil prices settled at $49.64 a barrel, up 76 cents as traders expressed concern that recent hurricanes had hurt output in the United States.
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The price of oil finally broke through the $50-a-barrel mark today, a milestone never seen before.
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The price of crude oil futures reached an all-time high Monday, closing just under $50 per barrel, due to hurricane-related production shortages in the Gulf of Mexico and political turmoil in Africa and the Middle East.
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Despite the price of oil settling above $50 a barrel for the first time, Wall Street yesterday celebrated new data showing the nation&#39;s manufacturing sector expand again last month.
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Crude oil surpassed $50 a barrel for the first time and analysts said Tuesday that prices could keep rising because of a sharp rise in global demand, tight supplies and threats to output in petroleum-producing nations such as Iraq and Nigeria.
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Crude oil surpassed $50 a barrel and was close to a record in New York after hurricanes in the Gulf of Mexico curbed US production for more than three weeks, slowing the accumulation of supplies to meet winter needs.
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Crude oil prices breached the $54 mark Tuesday to reach a new all-time high, fueled by continuing worries over supply in Nigeria and reduced output in the hurricane-hobbled Gulf of Mexico.
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Crude oil prices briefly hit an all-time high of US$50.69 on Tuesday as worries persisted over supply and unrest in key producers.
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Crude oil continued to move upwards to fresh highs in Asian trade today, hitting a new mark of $52.53 US per barrel as the market took stock of a possible strike in Nigeria and the sluggish revival of output in key Gulf of Mexico oil
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Oil prices closed above $50 a barrel for the first time Friday as concerns linger about damage to oil production in the Gulf of Mexico from Hurricane Ivan.
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Crude oil futures contracts topped the psychological milestone of $50 per barrel for the first time Tuesday, surging to new record levels that could unsettle oil importing nations.
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NEW YORK - The price of oil settled above $50 a barrel for the first time Friday amid concerns about tight supplies globally and hurricane-related production problems in the Gulf of Mexico.    On the New York Mercantile Exchange, crude for November delivery settled at a record $50.12 per barrel, up 48 cents...