Oil prices stay close to all-time record in Asian trade
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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 held near historic highs over &#36;53 a barrel on Tuesday, with global supplies hounded by outages that were thwarting efforts to build U.S. heating oil inventories ahead of the winter.
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SINGAPORE: Crude oil prices rose above 42 dollars a barrel in Asian trade on northern winter concerns as OPEC indicated its longer-term price target was around 30 dollars a barrel, dealers said.
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In Asian trade, US light crude hit $50.28 a barrel, the highest since the record $50.47 one week ago. London&#39;s Brent crude opened higher Tuesday, up 46 cents at $46.
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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&#39;s top consumer.
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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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Oil prices held strong on Friday not far  below the $55-a-barrel mark as traders worried time is running  out to top up low heating oil inventories before winter.
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SINGAPORE - Oil lingered above the $50 per barrel threshold in Asian trade Wednesday, breaching the mark for the second straight day ahead of key U.S crude stockpile data.    An expected cold Northern Hemisphere winter ahead also weighed in as a pledge by the world's largest producer Saudi Arabia to boost production capacity failed to lower prices...
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Asian shares stuck to narrow ranges  Friday as record oil prices supported energy stocks and miners  rebounded on steadier metals markets, countering worries about  technology earnings and falls in Japanese automakers.
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Crude oil in New York traded near a record after exceeding $50 a barrel yesterday on threats to Nigeria&#39;s oil output and as US production remains lower than normal because of damage from Hurricane Ivan.
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By Toby Reynolds LONDON  - Oil prices held firm on Tuesday as China showed no let-up in its strong import growth and U.S. Gulf producers reported damage to offshore rigs from Hurricane Ivan.
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Oil lingered above the $50 per barrel threshold in Asian trade Wednesday, breaching the mark for the second straight day ahead of key US crude stockpile data.
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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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US oil prices are holding above $54 a barrel in electronic trade in Asia Thursday after a larger-than-expected decline in heating fuels in the United States heightened fears of a winter supply crunch.
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TORONTO - Crude oil prices hit an all-time high Tuesday, pushing past the psychological barrier of $50 US per barrel during Asian trading.
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Oil prices held firm around &#36;51 a barrel on Wednesday, hovering near record highs amid the sluggish recovery in U.S. Gulf oil production and an anticipated decline in key winter fuel stocks, dealers said.
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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.