Nymex crude oil prices soar to 50 dollars per barrel
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Nymex crude oil surged to a record of 50 dollars per barrel Monday as traders concerned that the petroleum production in the Gulf of Mexico would not return tonormal soon.
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Oil prices have surged to two-week highs following news that supplies in the US are tightening. In New York on Thursday, the cost of a barrel of oil rose almost $2 to $44.
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November light, sweet crude oil futures rose as much as 96 cents on the New York Mercantile Exchange to US$54.60 a barrel, the highest price in 21 years of trading.
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Oil prices surged to new record highs on  Monday near $50 for U.S. crude as Nigeria emerged as the latest  focus for worries about supply security on world energy  markets.
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Oil prices are pushing past the psychological barrier of $50 a barrel Tuesday. Prices are rising in part because of the slow recovery of production in the Gulf of Mexico following Hurricane Ivan.
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NEW YORK, November 22  - Crude oil prices increased to near the $50 per barrel mark this morning, amid renewed concerns surrounding a potential shortfall in the heating fuel supplies this winter.
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LONDON : Oil prices rallied back above 50 dollars a barrel, closing in on record high points on technical factors and persistent worries about tight global supplies, traders said.
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NEW YORK - The price of oil settled above $50 a barrel for the first time Friday amid concerns about tight supplies globally and hurricane-related production problems in the Gulf of Mexico.    On the New York Mercantile Exchange, crude for November delivery settled at a record $50.12 per barrel, up 48 cents...
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Crude oil prices jumped beyond $50 a barrel yesterday, renewing concerns that sustained high energy costs will further weaken the US economy.
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The price of crude oil surged above $50 a barrel in after-hours trading yesterday, raising fears of an economic slowdown and higher prices at the gas pump.
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WASHINGTON - Crude oil prices soaring to nearly $50 a barrel have heightened concerns that sustained high energy costs could drag the slowing US and world economies into a more serious downturn.
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NYMEX crude oil futures soared to a  record of $46.90 a barrel on Monday on concerns about possible  unrest and disruption to oil supply as Venezuelans voted in  large numbers on whether to recall President Hugo Chavez.
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CRUDE oil prices surged past US$50 a barrel for the first time yesterday to a new record high, raising concerns that higher energy costs could slow the global economy next year.
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Crude oil prices surged to a record, exceeding $51 a barrel in New York for the first time, amid concern that hurricane damage to production platforms in the Gulf of Mexico will keep supplies from rising enough to meet winter needs.
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NYMEX crude oil futures jumped 36 cents in electronic trading on Monday evening to the psychological &#36;50 a barrel level, the highest in the 21 years oil futures have traded on the exchange, as Nigerian rebels decided an "all-out" war against the government starting Oct. 1.
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NORTH Sea Brent crude surged through $50-a-barrel for the first time yesterday, as a four-day general strike began in oil-rich Nigeria and the market fretted about out-of-action capacity in the Gulf of Mexico.
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Supplies hit $50 a barrel for the first time as global demand rises and supplies are increasingly threatened. By Brad Foss. Crude oil surpassed $50 a barrel for the first time and analysts said Tuesday that