Oil Slides, Hurricane Has Market on Edge
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World oil prices fell nearly $2 a barrel on Friday as dealers took profits from a recent rally, but the market remained on edge as powerful Hurricane Ivan thrashed through the Caribbean on a track toward the energy-rich Gulf of Mexico
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US oil prices hovered just shy of $44 a barrel on Tuesday, awaiting the arrival of Hurricane Ivan in the oil-rich Gulf of Mexico, where energy companies had evacuated thousands of offshore workers and shut some production.
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WASHINGTON -- Oil prices inched closer to $50 a barrel yesterday even as the Bush administration offered to tap the nation's emergency stockpile of crude on behalf of refiners whose supply was disrupted by Hurricane Ivan.
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Oil prices hugged $50 a barrel on  Wednesday on worries of potential supply disruptions and with  U.S. crude inventories expected to fall due to the lingering  effects of Hurricane Ivan.
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Oil jumped $1 past $75 a barrel on Tuesday as a top U.S. hurricane forecaster called for a busy end to the Atlantic storm season, raising concerns over potential oil and gas disruptions.
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Oil jumped $1 past $75 a barrel on  Tuesday as a top U.S. hurricane forecaster called for a busy  end to the Atlantic storm season, raising concerns over  potential oil and gas disruptions.
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World oil prices steadied with prices, underpinned by the US Atlantic hurricane season -- which threatens to damage energy facilities -- and expectations that OPEC will keep its output unchanged at a meeting next week, dealers said Wednesday.
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Oil prices fell yesterday after government data showed US inventories of crude grew last week, surprising many traders and analysts who had expected supplies to shrink due to lingering output problems caused by Hurricane Ivan.
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NEW YORK : Oil prices retreated in New York and rose marginally in London as worries about the impact of Hurricane Frances subsided, traders said.
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NEW YORK - Stocks rallied in early afternoon trading Tuesday as oil prices fell off their session highs and investors looked past a lackluster report on retail sales.    With Hurricane Ivan threatening oil rigs in the Gulf of Mexico, crude futures moved higher for the second straight day, but the possibility of an increase in output from OPEC took the edge off investors' concerns...
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Oil prices held firm, close to $47 a  barrel on Wednesday after U.S. data showed the disruption  caused by Hurricane Ivan had eaten into fuel stocks.
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Oil held near $80 a barrel on Friday,  within sight of record-high levels as a hurricane knocked out  U.S. Gulf refineries, deepening supply woes already caused by  lower crude stocks in the world&#39;s top consumer.
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Crude oil futures traded near a record after rising above $51 a barrel yesterday on concern hurricane damage to production platforms in the Gulf of Mexico will keep supplies from rising enough to meet winter demand.
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Oil prices dipped on Thursday but held near the previous day's record high above $80 a barrel, as dealers watched a tropical storm in the Gulf of Mexico after a sharp fall in U.S. crude stocks.
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NEW YORK - A surge in oil prices and a disappointing report on retail sales prompted investors to cash in some profits Tuesday, keeping stocks narrowly mixed.    With Hurricane Ivan threatening oil rigs in the Gulf of Mexico, crude futures moved higher for the second straight day, renewing investors' fears of a further drop-off in consumer spending due to higher gasoline prices...
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Oil held near $80 a barrel on Friday, within sight of record-high levels as a hurricane knocked out U.S. Gulf refineries, deepening supply woes already caused by lower crude stocks in the world's top consumer.
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NEW YORK - Stocks regained some momentum Thursday as oil prices declined in spite of Hurricane Ivan's damper on production in the Gulf of Mexico, and fresh economic data suggested inflation remains well under control.    Analysts are closely watching stocks for signs that the market will stabilize in the second half of the year, but volatile moves on news have made it difficult to build confidence among investors, particular given recent fluctuations in oil prices...