Oil hits record over $80 on tight supply
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Crude oil prices vaulted to a record high $80 a barrel on Wednesday as dealers focused on tight inventories in top consumer the United States ahead of peak winter demand.
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Oil prices vaulted to a record $100 a  barrel on Wednesday as violence in Nigeria, tight energy  stockpiles and a weaker dollar triggered a surge of speculative  buying, dealers said.
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NEW YORK - Oil futures prices rose sharply yesterday, briefly climbing above a record $80 a barrel after the government reported a surprisingly large drop in crude inventories and declines in gasoline supplies and refinery activity.
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Oil held near $80 a barrel after earlier rising to its third record high in as many days on Friday amid concerns over low inventories of fuel in consuming nations.
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The price of crude oil rose to a record high yesterday even as the Bush administration agreed to tap the nation&#39;s emergency oil stockpile because of supply problems caused by Hurricane Ivan.
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The price of New York oil rose on Thursday, heading towards a new record high point above 82 dollars amid tight energy supplies in the United States, the world&#39;s biggest consumer of energy.
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Oil fell on Friday after supply concerns and tight inventories pushed prices to a record above $80 a barrel for the third consecutive day.
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Oil prices hit fresh records on Monday,  pushing London Brent crude above $50 for the first time and  extending a relentless rise that has added around 65 percent to  the cost of crude this year.
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The price of Brent crude oil struck an historic peak of 86.28 dollars per barrel in trading here on Thursday amid concerns over tight energy supplies.
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Oil prices struck a fresh record high  above $47 a barrel on Thursday as fresh evidence of demand  growth in China and India underlined how rising appetite for  oil is straining the world's supply system.
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Oil rose above $87 a barrel on Thursday after two days of losses, as production shutdowns in Nigeria and the North Sea outweighed growing evidence of weaker demand in the world's top oil consumer, the United States.
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Oil prices have continued their record-breaking run on Wednesday, busting through the $47-mark amid concerns that demand will outstrip supply.
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Oil surged beyond $90 to a new peak on  Friday as tight fuel stocks ahead of winter and a softening  dollar spurred investor buying.
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NEW YORK - Oil prices surged yesterday, rising to a record near $90 a barrel, as the falling dollar drew new foreign investors and speculators to dollar-denominated energy futures.
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Oil prices surged to record highs above  $54 on Tuesday as supply hitches hindered efforts to build  winter heating fuel inventories.
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Oil soared to a record near $81 a barrel on Monday on worries that global energy supplies could shrink to critical levels this winter heating season due to strong demand growth.
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Oil prices forged to a record high above  $55 a barrel on Friday on rising fears of a winter fuel supply  crunch and robust economic growth in China, the world's number  two user.