Oil Futures Rise to Record as Iraq Fighting Threatens Exports
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Aug. 20 (Bloomberg) -- Crude oil futures rose to a record, surpassing $49 a barrel in New York, on concern clashes in southern Iraq between US troops and Shiite Muslim militiamen may cut exports.
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Global oil prices raced to fresh highs  on Friday carrying U.S. crude close to $49 a barrel, driven by  escalating violence in Iraq and unabated demand growth from  China and India.
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U.S. crude oil futures hit a new  record on Tuesday at $50.01 a barrel as worries about the  stability of supplies from Iraq, Nigeria and Russia compounded  concerns over low fuel stocks ahead of peak winter demand.
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Global oil prices rallied to fresh highs on Friday with US crude approaching $49, driven by escalating violence in Iraq and unabated demand growth from China and India.
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Crude oil futures continued to climb Friday, reaching new record high as decline in the US inventory of heating oil and tight supplies still overshadowed theenergy markets.
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Crude oil futures rose for the first time in six sessions on concern that a cease-fire in Najaf, Iraq, won&#39;t eliminate attacks on oil facilities in the Middle East&#39;s fifth-biggest oil producer.
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Oil prices struck another record high  on Thursday and remained supported above $47 by a fall in U.S.  crude stockpiles and threats by insurgents in Iraq against oil  facilities.
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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 fuel demand growth  from China and India.
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U.S. oil prices rose today as Iraq's oil exports continued at more than 30 percent below normal after sabotage attacks on pipelines.
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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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Global oil prices raced to fresh highs on Friday carrying US crude close to $49 a barrel, driven by escalating violence in Iraq and unabated demand growth from China and India.
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WASHINGTON -- Crude futures plowed to a new high near $49 a barrel yesterday as the threat of sabotage to Iraqi oil infrastructure loomed larger than promises from Baghdad to boost exports in coming days.
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Oil futures hit a record high Friday as the government began lending oil from emergency reserves to refineries running low on crude after Hurricane Ivan.
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Crude oil futures rose to a record for a third day, reaching US$52.53 a barrel in New York, on concern US supplies may be insufficient to meet demand this winter.
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Global oil prices raced to fresh  highs on Friday with U.S. crude approaching $49, driven by  escalating violence in Iraq and unabated demand growth from  China and India.
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U.S. oil futures set a new record $47.01  a barrel on Wednesday after a new threat against Iraq's oil  sector by rebel Shi'ite militia.  U.S. crude traded up 26 cents  to set a new high in the 21-year history of the New York  Mercantile Exchange contract.
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U.S. crude oil futures broke through &#36;50 to a new record on Tuesday, on worries over supply disruptions from Nigeria and other major producers.