Oil Jumps 5 Pct on Cold, Bin Laden Threat
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Oil prices surged 5 percent on Friday as frigid weather lingered in the mammoth US Northeast heating oil market and militant Osama bin Laden urged renewed attacks on Middle East oil installations.
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Oil prices edged higher for the  second day on Wednesday, recovering from a week-long $5 slump  ahead of U.S. inventory data expected to show a slight draw in  distillates, which include winter heating fuel.
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Oil prices climbed back above $59 a barrel on Wednesday as a blast of cold weather boosts heating oil demand in the United States and OPEC supply cuts quicken the seasonal fall in crude stocks in industrialised countries.
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Oil prices rose sharply on Friday as  worries a cold spell in the United States could erode already  depleted winter fuel inventories spurred the market higher.
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Oil prices rose Monday as a gas leak closed a large Norwegian North Sea oil field and the threat of a colder-than-normal US winter fueled worries about low heating oil stocks.
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Oil prices climbed to a seven-week  high above $49 a barrel on Tuesday as a cold front swept into  the U.S. Northeast, stoking winter fuel demand.
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Oil prices surged nearly $2 a barrel yesterday following two bombings in the capital of Saudi Arabia and after the US government reported that winter fuel supplies shrank last week.
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Crude oil prices surged to a record in New York and London on concern that hurricane damage to production platforms in the Gulf of Mexico will keep supplies from rising enough to meet winter needs.
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Oil prices climbed again yesterday, closing above $55 a barrel for the first time, on concerns that supplies will be stretched thin this winter while demand from China remains solid.
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Oil futures prices surged to new heights above $55-abarrel on Friday as concerns about the global supply of heating oil persist ahead of winter in the Northern Hemisphere.
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Oil prices edged up toward $48 a  barrel early on Friday as worries that an early or severe  winter could stress low winter fuel stocks helped staunch the  market's $8 tumble from record highs.
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WASHINGTON - Oil prices cruised above $55-a-barrel yesterday as concerns about the global supply of winter fuels persist ahead of the Northern Hemisphere winter.
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Crude oil futures jumped toward $44 a barrel Tuesday as traders appeared to remain concerned about tight supplies of heating oil ahead of the government's next petroleum supply report and as colder weather approached the U.S. Northeast.
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Oil prices rise for the fifth day in a row amid continuing worries over the level of US stocks.
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Oil prices held above &#36;46 a barrel on Monday, supported by a blast of freezing weather in the United States and renewed threats by Muslim militants to attack oil facilities in the major exporting Middle East region.
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The price of crude oil surged 4.8 percent in New York yesterday, the biggest rise in more than five months, on concern that cold weather in Europe will draw heating oil from the United States.
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Oil prices broke into fresh record territory above $52 on Thursday on heightened concerns over tight winter heating fuel supplies.