Update 8: Oil Remains Near Record Price in Asia
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Oil retreated further from its US$53 per barrel threshold in early Asian trade Friday, but players in the market remained edgy about tight supplies heading into North America&#39;s winter heating season.
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LONDON - World oil prices eased slightly yesterday but remained close to record high points near 55 dollars a barrel as traders fretted about low inventories of US heating fuel heading into the northern winter.
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Singapore: Oil prices continued falling from record peaks in Asian trade Thursday after the United States reported a surge in crude oil inventories, dealers said.
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Oil prices struck a fresh record on  Thursday, spurred higher by renewed violence in Iraq and fresh  evidence that strong demand growth in China and India has not  been slowed yet by higher energy costs.
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Oil hovered near $75 on Wednesday but remained within sight of an all-time high ahead of U.S. data expected to show a further tightening of crude stocks in the world's top consumer.
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SINGAPORE - Crude oil topped $50 per barrel during Asian trading on Tuesday, pushing past the psychological milestone for the first time then surging further to new record levels likely to unsettle oil-consuming nations.    Traders bid oil to new highs in after-hours trading on the New York Mercantile Exchange in a reaction to the slow recovery of U.S...
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OPEC will keep its oil output near a 25-year high despite a $13 fall in the crude price since mid-July, ministers said on Monday, but the group left the door open to a supply cut before the end of the year.
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Rising oil prices are slowing growth across the world but key emerging economies such as China and India will continue to support the near-term outlook for commodities, the world's largest mining company said Friday.
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Asian shares ticked higher on Tuesday as oil paused in its near-daily record climb, providing investors a chance to buy banks and some semiconductor shares such as NEC Electronics Corp.
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Oil prices edged higher in Asian trading Friday but remained below the $44 level following a ceasefire in the battle-torn Iraqi city of Najaf, dealers said.
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Oil producers are emerging to lock in record high prices for their future crude output, but activity is modest as firms still fear calling a premature end to this year&#39;s stunning price rise, traders said on Friday.
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Crude oil prices hovered close to their all-time high of US$53.80 in Asia on Tuesday, fueled by continuing worries over supply in Nigeria and reduced output in the hurricane-hobbled Gulf of Mexico.
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Oil prices have neared last week&#39;s record high after bouncing back above the $50-a-barrel mark despite a peace deal between rebel gangs in Nigeria.
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Oil prices hover just below Monday's record peaks in Asian trade, amid continued concerns over global supply shortages.
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NYMEX crude kept close to record highs near &#36;54 early on Tuesday as global oil supplies remained hounded by disruptions, magnifying concerns over U.S. heating oil stocks ahead of the winter, traders said.
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Crude oil in New York traded near Friday s record close amid concern growing Chinese demand may strain supplies at a time when spare global production capacity is limited.
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Oil prices held near record highs on  Friday even though oil unions in OPEC member Nigeria said a  two-day wildcat strike would pass without any impact on  exports.