Cold Forecasts, Supply Outages Boost Oil
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Oil prices rose on Wednesday, as  production glitches knocked around a million barrels daily from  world supply and U.S. government data showed a  bigger-than-expected fall in crude oil stocks.
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Oil prices rose for the fourth out of the last five sessions Thursday as low stocks of heating fuel in all major consuming regions fostered supply concerns ahead of winter.
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Crude oil futures moved upward Wednesday, as the northeastern United States - a heavy consumer of heating oil - felt the first signs of what could likely be a colder-than-expected winter.
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Crude oil futures are headed for their biggest weekly gain in 21 months on speculation cold weather may boost demand in the US Northeast, where 80 percent of the country&#39;s heating oil is used.
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Oil prices ticked higher on Tuesday,  holding above $42 a barrel as dealers awaited signs of any  renewed cold snap that would revive demand for winter heating  fuels in the United States.
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Oil prices jumped 2.6 percent on  Friday as a harsh U.S. cold snap kept heating oil demand  sizzling and fresh signs emerged of China's growing energy  consumption.
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Oil futures prices climbed above $46 a barrel yesterday after the US government reported that commercial inventories of crude and heating oil fell last week and as traders considered the effect of global supply snags and forecasts calling for colder weather.
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Oil prices stayed close to six-week highs on Friday on forecasts that a bout of cold weather in the United States would raise demand for heating fuels and natural gas.
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U.S. crude oil futures rose to a fresh  six-week high on Friday as frigid weather swooped into the  Northeast heating oil market, threatening to strain already  tight winter fuel stockpiles.
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Oil rose on Thursday as forecasts for  colder weather in the giant U.S. Northeast heating oil market  overcame worries over the economic health of the world's top  consumer.
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Oil surged $1, toward $60, on Tuesday on expectations the coldest weather of the U.S. winter would cut heating oil stocks in the world's top energy consumer.
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Oil prices resumed this week's upward  march on Friday, driven by worries that a new U.S. cold spell  might erode already low winter fuel inventories.
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Oil prices held above $45 a barrel on  Tuesday as a cold spell loomed in the eastern United States and  a rash of supply problems afflicted big producers.
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Oil prices surged on Wednesday as U.S.  government reported a fall in heating oil stocks and cold  weather gripped the U.S. Northeast, the world's biggest heating  fuel market.
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An above expected chilly winter almost a week away from its official arrival date, with temperature already hovering below freezing; top it with a US government data showing a slight decline in crude and heating oil supplies is a wonderful recipe for
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Oil prices briefly climbed back over $50  on Tuesday, pushed higher by supply outages in the North Sea  and fears about low stocks of winter heating fuels.
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Oil prices steadied above &#36;48 a barrel on Wednesday as a cold snap in the U.S. Northeast overshadowed an expected build in crude and product inventories.