Oil Extends Gains Above $48
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Oil prices added to strong gains on  Thursday, spurred by persistent OPEC talk of a cut in supplies  that could drain healthy U.S. stockpiles before summer.
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Oil climbed toward &#36;74 on Friday on a  positive outlook for economic growth and fuel demand in top  consumer the United States.
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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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U.S. crude oil climbed above $60 a barrel for the first time in a month on Friday, extending a gain of $2 a day earlier, amid signs of falling crude exports from producer group OPEC.
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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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Oil climbed to a two-month high near $63  on Thursday, building on the previous session's gains after an  unexpected drop in U.S. winter fuel stocks and signs of solid  economic growth in the world's top consumer.
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Oil prices surged to a new high above  $47 a barrel on Wednesday on evidence that energy costs are not  substantially slowing the economic growth that fuels oil  demand.
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Crude oil prices surged again Wednesday, rising above $47 a barrel amid lingering concerns in supply from Iraq and Russia.
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Crude futures have surged above 52 dollars a barrel, reaching a new high in New York. Traders were reacting to a strike threat by Nigerian oil workers and to word that petroleum output in
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Oil prices extended gains above $41 a  barrel on Tuesday on forecasts of colder temperatures in the  U.S. Northeast, a supply cut by top OPEC producer Saudi Arabia  and disruptions to Iraqi crude exports.
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Oil prices climbed toward &#36;47 a barrel on Thursday after bullish fuel stocks data in the United States and a series of production hitches across the globe rekindled worries of a major supply disruption.
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Oil prices steadied above $48 a  barrel on Wednesday as a cold snap in the U.S. Northeast  overshadowed an expected build in crude and product  inventories.
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NYMEX crude oil futures struck  another record at $48.90 a barrel on Friday before the  prompt-month expiry, as surging violence in Iraq sparked fresh  concerns over supply disruptions.
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Oil prices climbed above &#36;42 a barrel on Wednesday, rising for the third day in a row as the heavy consuming U.S. Northeast feels the first chills of winter.
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Oil prices struck another record high on Thursday and remained supported above &#36;47 by a fall in U.S. crude stockpiles and threats by insurgents in Iraq against oil facilities.
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Crude oil futures rose, extending their biggest gain in six months yesterday when the US government reported a decline in US heating-oil inventories.
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Oil's record-breaking rally lifted U.S.  crude beyond $52 a barrel on Wednesday, fueled by the impact of  Hurricane Ivan on U.S. winter inventories.