Saudi blasts and low US stocks drive up crude
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OIL prices rose for a second day after blasts were heard in Saudi Arabiaâs capital and after the United States government reported another decline in lean winter heating fuel stocks.
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NEW YORK - Oil prices jumped nearly two dollars on Thursday after the US government said crude stocks fell to a fresh five-month low last week and distillate fuel inventories barely grew ahead of winter.
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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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NEW YORK - Stocks moved slightly higher Friday as investors tried to uncouple share prices from skyrocketing oil costs, even as crude reached new highs and flirted with $50 per barrel.    A barrel of light crude was quoted at $48.90, up 20 cents, on the New York Mercantile Exchange after setting a new intraday record earlier in the session at $49.40...
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Oil prices held overnight at slightly higher levels after a mixed report yesterday on US inventory levels. Crude for December delivery spiked to USD47 a barrel in New York last night after the figures, but
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Oil prices hit fresh highs on Friday,  lifting U.S. crude above $49 a barrel, driven by escalating  violence in Iraq and unabated fuel demand growth from China and  India.
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Oil prices rose for a second day on  Wednesday after a pair of car bombs exploded in Saudi Arabia's  capital and after the U.S. government reported another decline  in lean winter heating fuel stocks.
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Price of crude topped $47 a barrel Wednesday, despite Saudis' recent talk of loosening spigots.
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Crude-oil futures rose Friday on fears of a possible terrorist attack before Tuesday&#39;s US election, but the market&#39;s recent downturn may continue next week.
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NEW YORK : New York&#39;s main crude oil contract shot higher Wednesday on a market shaken by twin car bomb attacks against security targets in the capital of oil kingpin Saudi Arabia.
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CRUDE oil prices pushed past the psychologically important $US50-per-barrel mark today and hit an all-time high as the market reacted to the slow recovery of US production in the Gulf of Mexico following Hurricane Ivan as well as unrest in key oil
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NEW YORK - Oil prices continued climbing on Wednesday as supply concerns lingered and a weekly report showed US crude inventories were smaller than expected.
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The commercial stocks of crude oil in the United States surged by 4.0 million barrels to 283.4 million barrels in the week ending on October 22, near the lower end of average
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The price of crude reaches a new high in the US,  driven up by official data showing a decline in heating oil stocks.
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LONDON : World oil prices sprinted up to new one-month high points as traders showed alarm at a steep fall in US crude oil inventories in the wake of Hurricane Ivan.
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Oil prices rose for a second day on  Wednesday after twin car bombs exploded in Saudi Arabia's  capital and the U.S. government reported another decline in  lean winter heating fuel stocks.
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Oil prices ticked lower on Thursday,  holding most of the previous day's gains after two car bombs in  Saudi Arabia rekindled fears over Middle East supply security,  one of the factors behind this year's 34 percent rally.