Crude Oil Trades Near a Record on Nigeria Concern, Gulf Output
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Crude oil in New York traded near a record after exceeding $50 a barrel yesterday on threats to Nigeria&#39;s oil output and as US production remains lower than normal because of damage from Hurricane Ivan.
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Crude oil traded near Friday s record close in New York on concern Chinese demand, which helped push oil prices up 70 percent this year, may rise faster than expected.
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Aug. 20 (Bloomberg) -- Crude oil futures rose to a record, surpassing $49 a barrel on the New York Mercantile Exchange, on concern clashes in southern Iraq between US troops and Shiite Muslim militiamen may cut Iraqi exports.
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Oil futures prices advanced to another record high yesterday as a strike began in Africa's largest exporter of crude, exacerbating global supply concerns at a time of strong demand and reduced output in the hurricane-ravaged Gulf of Mexico.
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Brent crude futures on the London oil market reached USD50 a barrel today as Nigerian oil workers went on strike. Nigerian unions launched a four-day general strike to protest rising fuel prices, but oil shipments
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Aug. 18 (Bloomberg) -- Crude oil futures in New York traded near a record $46.95 a barrel as strengthening US economic figures boosted concern that production capacity may not be adequate to meet global demand.
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Oil prices held near record highs on  Friday even though oil unions in OPEC member Nigeria said a  two-day wildcat strike would pass without any impact on  exports.
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Aug. 19 (Bloomberg) -- Crude oil futures in New York rose to a record after a report showed near-record imports aren&#39;t helping US oil inventories keep pace with demand and as fighting in Iraq raised concern about its ability to boost exports.
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Crude oil may rise from a record US$53 a barrel over concerns that imports will not make up for a drop in Gulf of Mexico output caused by Hurricane Ivan.
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Crude oil in New York traded near Friday s record close amid concern growing Chinese demand may strain supplies at a time when spare global production capacity is limited.
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U.S. crude oil futures hit a record $100 a barrel on Wednesday, surging more than $4 as violence in OPEC members Nigeria and Algeria combined with a weak dollar and a cold snap to boost crude futures.
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Crude oil rose after the biggest labor organization in Nigeria, the fifth-largest crude-oil supplier to the US, called for a strike later this month that could end up disrupting the country&#39;s oil exports.
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Crude oil prices in New York remained high Tuesday after Nigerian rebels threatened oil output in the largest African oil-producing country.
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Crude oil futures rose Friday as markets remained wary about a possible strike by oil workers in Nigeria and potentially low heating oil supplies at the beginning of the Northern Hemisphere winter.
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Oil futures prices surpassed $54 a barrel Tuesday on supply concerns in Nigeria and the Gulf of Mexico, where hurricane damage to pipelines and production platforms could curb output for months.
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Crude oil futures moved to a new high Monday as oil workers joined a four-day national strike in Nigeria and some production shutdowns in the Gulf of Mexico could last as long as six months.
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London crude prices hit record highs on Monday as Nigeria emerged as the new focus of worries about supply security on world oil markets.