Oil futures pass $55 US for first time
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WASHINGTON -- Oil futures prices surged to new heights above $55 US a barrel yesterday as concerns about the global supply of heating oil persist ahead of winter.
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NEW YORKâCrude oil hit $55 (US) a barrel yesterday as traders worried over thin heating oil inventories ahead of winter and Federal Reserve Board chairman Alan Greenspan predicted the soaring costs would not crimp economic growth like in the 1970s.
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Crude oil futures rose yesterday for the first time in a week, climbing above $43 a barrel after an attack at the US consulate in Saudi Arabia and amid growing concerns that OPEC may try to firm-up oil prices after last week's sharp sell-off.
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Crude oil prices surged past an unprecedented $55 per barrel Monday as uncertainty swirls over production, high demand and tight global supplies.
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Oil prices rallied to a record above  $55 a barrel Monday on concerns over a winter fuel supply  crunch, and as traders took comments from a top U.S. official  to mean high prices have yet to really dent U.S. demand.
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Oil prices surged above $55-a-barrel on Friday as concerns about the global supply of winter fuels persist ahead of the Northern Hemisphere winter.
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BEIRUT: Oil prices remained near recent peaks on Friday, with US crude trading just below $55-a-barrel. In midday New York trading, WTI was down 21 cents at $54.
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Crude oil prices moved within range of $55 again Thursday, a day after briefly surpassing the mark over a fall in US distillate fuels stocks that raised fears of shortages as the Northern Hemisphere winter approaches.
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Crude oil futures inched toward the 55 dollar milestone today, a day after US officials announced a decline in their countryâs inventory of heating oil, heating a market already on edge over tight supplies, high demand and unrest in key producers.
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LONDON : World oil prices stormed above 54 US dollars for the first time Tuesday as strikes in Nigeria and Norway raised worries about possible supply shortages during the northern hemisphere winter.
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Singapore - Crude oil prices rose for the third straight day Friday, inching close to $55 a barrel as heating oil futures hit another record high over supply concerns ahead of the Northern Hemisphere winter.
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The price of crude oil surged past $55 a barrel Monday as uncertainty swirled over production, high demand and tight global supplies.
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NEW YORK, December 15  - Oil futures prices rose this morning after the US Energy Department reported a marginal decline in the countryâs supplies of crude and heating oil.
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Crude oil prices will top $US50 ($A69) a barrel for the first time this week, despite a slight fall in New York on Friday night, some analysts have predicted.
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Oil prices climbed Friday, closing above $55 a barrel for the first time, on worries 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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NEW YORK -- Crude oil futures rallied late yesterday to a new high of $54.93 US, a day after a decline in the US inventory of heating oil roiled a market already on edge over tight supplies, high demand and unrest among key producers.