Oil prices hover near US$50 in Asia on winter stock concerns
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SINGAPORE : Oil prices hovered just below US$50 a barrel in Asian trading on Tuesday as heating stocks for the northern winter remained the prime concern, dealers said.
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Oil prices stepped back from this  week's eight percent rout on Friday, holding well above $50 a  barrel as analysts said it would take more than China's mild  interest rate rise to stem demand growth from the world's  second largest user.
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SINGAPORE : Crude oil prices slipped below US$50 a barrel in Asian trading on Tuesday as the market waited for the outcome of the US presidential elections, dealers said.
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Oil prices deepened this week's 8 percent rout on Friday, edging nearer &#36;50 a barrel as China's surprise interest rate rise stirred concerns over demand growth from the world's second largest energy user.
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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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SINGAPORE -- Crude oil prices climbed back above the key $50 mark in Asian trade today,creeping close to an all-time high. After settling at $49.
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Oil prices vaulted back above $50 a  barrel on Tuesday as traders took out insurance ahead of weekly  U.S. data on Wednesday that is expected to show only a modest  increase in winter heating oil inventories.
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Crude oil futures rose above $50 a barrel in New York on concern rebel attacks in Nigeria may reduce production while US inventories are near a 29-year low because of disruptions caused by Hurricane Ivan.
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Easing oil prices held above $50 a barrel on Thursday as traders took stock after a roller-coaster session that pitted bullish views of President Bush&#39;s re-election against rising US crude inventories.
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Oil prices rose on Tuesday but  retreated from an earlier break above $50, as dealers awaited a  U.S. government report that is expected to show a small  increase in thin heating oil stocks ahead of winter.
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LONDON  - Oil prices firmed, rising briefly above 50 dollars in New York, supported by supply disruptions to operations in the North Sea, making markets nervous heading into the northern winter.
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Oil prices were little changed on Monday  as investors focused on Asian stock market gains, setting aside  for now worries of a potential U.S. economic recession that had  knocked prices 3 percent lower late last week.
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Oil prices marched toward &#36;50 a barrel on Friday, weighing on Asian stock markets as investors fretted over the impact of high energy costs on corporate profits, consumer spending and economic growth in general.
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Oil prices climbed back to $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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Crude oil prices slipped below USD 50 a barrel in Asian trade overnight as the market waited for the outcome of the US presidential election.
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Oil prices hovered just below Monday&#39;s record peaks in Asian trade, amid continued worries over tight supplies. US light sweet crude was worth $53.
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Oil prices hugged $50 a barrel on Wednesday on worries of potential supply disruptions and with US crude inventories expected to fall due to the lingering effects of Hurricane Ivan.