Single trader behind oil record
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The man behind the record oil price was a lone trader seeking a minute of fame, observers say.
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Oil vaulted to a record $100 a barrel on Wednesday as geopolitical turmoil, tight energy stockpiles in consumer countries and a weak dollar triggered a surge of speculative buying, dealers said.
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U.S. stocks were higher on Wednesday  even as crude oil prices touched a record at over $52 per  barrel, which helped boost energy shares.
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Oil prices held above $53 a barrel yesterday, setting a record, on lingering concerns about winter fuel supplies in the United States, operational snags in the Gulf of Mexico, and labor strife in petroleum-rich Nigeria.
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As October wears on and Halloween draws near, the oil and stock markets are getting more and more spooked. Crude oil hit another record Thursday, settling at $54.
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U.S. crude oil futures hit a new  record on Tuesday at $50.01 a barrel as worries about the  stability of supplies from Iraq, Nigeria and Russia compounded  concerns over low fuel stocks ahead of peak winter demand.
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Crude oil futures contracts topped the psychological milestone of $50 per barrel for the first time Tuesday, surging to new record levels that could unsettle oil importing nations.
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Oil futures shot to a new record above $100 for the first time since Jan. 3 as investors bet that crude prices will keep climbing despite evidence of plentiful supplies and falling demand.
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Oil prices struck a fresh record today on violence in Iraq and evidence that strong demand growth in China and India has not slowed due to higher energy costs.
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Oil prices rallied to a record above &#36;55 a barrel Monday on concerns over a winter fuel supply crunch, and as traders took comments from a top U.S. official to mean high prices have yet to really dent U.S. demand.
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Oil prices hit a new record near $51 a barrel yesterday as a prolonged US production outage following Hurricane Ivan attracted fresh speculative buying.
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Crude oil futures rallied late Friday to a new record high of $54.90, a day after a decline in the U.S. inventory of heating oil roiled a market already on edge over tight supplies, high demand and unrest among key producers.
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Crude oil futures rose to records in London and New York on concern offshore oil output from Norway, the world&#39;s third-biggest exporter, may be halted by a labor dispute.
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The Dow Jones hits a record high in intraday trading - its highest in level for six years - as oil prices continue to slide.
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Oil leapt to a record high for a third day on Monday, surpassing $93 as investors bet on another U.S. interest rate cut this week, the dollar struck new lows and Mexico briefly halted one-fifth of its oil production.
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The price of oil looks set to grab headlines as analysts forecast that its record-breaking run may well continue.
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OIL prices hit a new record yesterday, near $51 a barrel, as a prolonged US production stoppage following Hurricane Ivan attracted fresh speculative buying.