Oil Hits New High as Iraq Violence Flares
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Oil prices struck a fresh record just  under $49 a barrel on Thursday, spurred higher by renewed  violence in Iraq and fresh evidence that strong demand growth  in China and India has not been slowed by higher energy costs.
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LONDON, England -- Oil prices have surged to historic levels as a threat of civil war in Nigeria adds to concerns over tight global supplies.
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Crude oil prices rose for the third day in a row Friday with the latest attack on Iraq&#39;s oil infrastructure keeping supply worries front and center.
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World oil prices marched towards 50 dollars per barrel, touching new highs in pre-opening electronic trading as fighting raged in major producer Iraq.
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NEW YORK - Oil prices reached a new high yesterday before retreating to close below Thursday&#39;s record level, after the Iraqi insurgency increased its pressure on the country&#39;s oil infrastructure and traders feared that growing unrest might interrupt crude ...
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Oil prices jumped again Tuesday as Hurricane Ivan charged towards the oil-rich Gulf of Mexico and an explosion rocked Iraq&#39;s recovering oil industry.
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Oil was trading higher on Monday after a  weekend of worsening conflict between Israel and Hizbollah  guerrillas, leaving traders nervous the violence could escalate  and spread across the oil-producing Middle East.
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Oil prices struck another record high on Thursday and remained supported above &#36;47 by a fall in U.S. crude stockpiles and threats by insurgents in Iraq against oil facilities.
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Oil prices surged to a new high above  $47 a barrel on Wednesday on evidence from major economies that  energy costs are not substantially slowing the economic growth  that fuels oil demand.
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Oil prices rose on Friday, stemming five days of heavy losses as fresh sabotage attacks on Iraqi oil infrastructure despite a peace deal in Najaf renewed concern over the country&#39;s supplies.
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Oil prices surged to a new high above  $47 a barrel on Wednesday on evidence that energy costs are not  substantially slowing the economic growth that fuels oil  demand.
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Crude oil prices passed $49 per barrel today, striking fresh record levels amid heightened concern about supplies in Iraq.
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"Further Turkish military efforts against the PKK rebels keeps the geopolitical pot boiling in that oil flows from Iraq could potentially be disrupted"  LONDON * Oil rose to a one-month high above $96 a barrel yesterday ahead of a US government report expected to show crude inventories in the world's top consumer fell for a sixth straight week. via The Peninsula
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Iraq is producing an average of 2.5 million barrels of oil a day, its highest level since the war began in 2003, an oil ministry spokesman said Wednesday.
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NYMEX crude oil futures struck another record at &#36;48.90 a barrel on Friday before the prompt-month expiry, as surging violence in Iraq sparked fresh concerns over supply disruptions.
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Oil prices rose on Friday as a sabotage attack on Iraqi oil infrastructure reignited concern about the reliability of crude exports from the country despite a peace deal to end an uprising in Najaf.
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Oil prices raced to fresh highs on  Friday, carrying U.S. crude over $49 a barrel, driven by  escalating violence in Iraq and unabated demand growth from  China and India.