Ivan skirts Gulf&#39;s oil &#39;refinery row&#39;
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Hurricane Ivan spared the critical Gulf Coast refining belt, but oil prices rose anyway Thursday on fears a new storm brewing in the Caribbean will delay tankers carrying imported crude to US ports.
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Oil prices headed up toward &#36;45 a barrel on Wednesday as Hurricane Ivan shut 60 percent of crude output in the Gulf of Mexico and at least five refiners along the U.S. coast planned to close as a precaution.
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Crude oil in New York traded near a record high as US producers in the Gulf of Mexico struggled to restore output cut by Hurricane Ivan at a time when refiners are trying to build up winter-fuel supplies.
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Oil prices shot up more than $1 a barrel Monday as traders focused on the changing path of Hurricane Ivan, which prompted several large oil and natural gas producers to evacuate rigs in the Gulf of Mexico.
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Crude oil rose for a second day on concern about the loss of production and possible damage from Hurricane Ivan, which passed just east of most Gulf of Mexico production platforms.
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Oil prices rose on Wednesday as  Hurricane Ivan -- one of the fiercest storms on record --  churned toward the southeastern United States, while the dollar  struggled with worrying economic data.
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NEW YORK - A surge in oil prices and a disappointing report on retail sales kept stocks narrowly mixed in light trading Tuesday as many investors stayed on the sidelines.    With Hurricane Ivan threatening oil rigs in the Gulf of Mexico, crude futures moved higher for the second straight day, renewing investors' fears of a further drop-off in consumer spending due to higher gasoline prices...
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London - Oil prices climbed on Thursday, reversing some of the losses seen late the previous day as disruption to production in the Gulf of Mexico continued due to Hurricane Ivan.
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Crude futures surged above $52 a barrel yesterday as a possible strike by Nigerian oil workers loomed and petroleum output in the Gulf of Mexico continued to suffer more than two weeks after Hurricane Ivan whipped through the region.
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Crude oil rose and natural gas soared in New York as the approach of Hurricane Ivan disrupted production and tanker shipments in the Gulf of Mexico, where a quarter of US oil and natural gas is pumped.
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Crude oil futures may rise in New York on speculation Hurricane Ivan could disrupt output from platforms in the Gulf of Mexico as the storm nears the US mainland this week.
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Crude oil futures traded near a record in New York as damage to pipelines and pumps on the Gulf of Mexico caused by Hurricane Ivan cut supplies before winter.
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Oil prices held firm on Wednesday as  Hurricane Ivan closed off crude output and shut refineries in  the Gulf of Mexico, while OPEC's Gulf producers tried to  reassure traders by recommending an output hike.
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World oil prices climbed on Monday as companies operating in the US Gulf of Mexico braced for output disruptions from powerful Hurricane Ivan.
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World oil prices rose on Thursday as  Hurricane Ivan reached the U.S. Gulf Coast, having shut more  than 1 million barrels of daily output in the Gulf of Mexico  and 13 percent of refining capacity in the United States.
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Hurricane Ivan roared into the Gulf of Mexico on Tuesday, spurring evacuations along the US coast and shutting down some oil production after ripping off roofs and downing trees and power lines when it grazed western Cuba.
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World oil prices fell nearly $2 a  barrel on Friday as dealers took profits from a recent rally,  but the market remained on edge as powerful Hurricane Ivan  thrashed through the Caribbean on a track toward the  energy-rich Gulf of Mexico.