Crude prices stay above $50 for second day
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SINGAPORE -- Oil lingered above the $50 per barrel threshold in Asian trade today, breaching the mark for the second straight day ahead of key US crude stockpile data.
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Crude oil prices surged past the $50 per barrel milestone in overnight trading in response to the triple threat of turmoil in the oil-rich countries of Nigeria and Iraq and a decline in production in the hurricane-battered Gulf of Mexico.
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Oil prices held steady on Tuesday after falling 2 percent a day earlier and were set for further falls in anticipation of higher U.S. crude stocks despite concerns over disruptions to Iraqi oil flow.
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Crude oil futures nose-dived for a second day in a row yesterday, briefly dipping below $43 a barrel, as traders focused on rising fuel supplies and the lack of cold weather. The two-day drop of more than $5 a barrel picked up momentum from technical and speculative trading.
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Oil prices held steady near &#36;47 on Wednesday, a day after striking another record peak as U.S. inflation stayed in check despite scorching energy costs and ahead of weekly data expected to show a drop in crude stocks.
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Crude oil prices in New York stayed higher Tuesday after passing 50 dollars per barrel as Nigerian rebels threatened oil output and Hurricane Ivan slashed production in the US Gulf of Mexico.
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NEW YORK -- Crude oil futures briefly climbed back over $50 a barrel yesterday, with worries over the security of Nigerian supplies supporting prices despite a surprise increase in US crude inventories.
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Oil prices held steady near $47 on  Wednesday, a day after striking another record peak as U.S.  inflation stayed in check despite scorching energy costs and  ahead of weekly data expected to show a drop in crude stocks.
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Crude oil futures hovered near $50 a barrel Tuesday ahead of key weekly US petroleum inventory data, which traders expect to show a rise in distillate stocks for a second straight week.
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Crude oil prices rose for the second day Thursday as traders worries that the Organization of Petroleum Exporting Countries (OPEC) might trim excess oil output.
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NEW YORK, October 12  - World crude oil prices continued their upward rally today above $54 per barrel, rising to new record high levels for the sixth consecutive day.
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Oil prices edged higher for the second  day on Wednesday ahead of U.S. government data expected to show  a slight decline in winter heating fuel stocks.
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Singapore: Crude futures stayed close to the US$49 mark in Asia today, amid renewed fears that heating oil supplies may not meet demand for the coming Northern Hemisphere winter.
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Crude oil futures rose for a second day after surging more than $2 a barrel yesterday when the government reported a decline in US heating-oil inventories and as below- normal temperatures this week boosted demand.
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Crude oil was little changed after rising for a second day yesterday on speculation that the Organization of Petroleum Exporting Countries will call for a production cut at a meeting today.
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U.S. oil prices fell for a second session  on Tuesday on worries that high energy costs may crimp economic  growth, but crude remained firmly planted above $50 a barrel on  persistent fears of a winter supply crunch.
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Crude oil prices have dipped in New York, sliding as much as two dollars to around $50 a barrel. That&#39;s extending declines seen last week despite concerns that a planned strike in Nigeria could affect output.