Oil Surges Over $48 After Supply Drop
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Oil prices climbed to within a dollar  of a new record on Wednesday after the U.S. government reported  a big decline in oil stockpiles because of disruptions from  Hurricane Ivan.
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Oil prices surged to yet new record  highs Tuesday, driving U.S. crude above $54 as global supply  outages thwart efforts to build winter heating fuel  inventories.
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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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Global oil prices soar after a decline in US petrol and oil inventories that was larger-than-expected.
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Oil prices surged over $47 a barrel on  Wednesday on evidence that energy costs are not substantially  slowing the economic growth that fuels oil demand and fresh  threats by rebel militia against Iraqi oil facilities.
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Oil prices surged to a new high of $47 a  barrel on Wednesday on evidence from major economies that  energy costs are not substantially slowing the economic growth  that fuels oil demand. Fresh threats by rebel militia in Iraq  against oil facilities helped underpin price gains.
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Oil prices surged to a new high above $47 a barrel spurred by concern for the safety of oil facilities in Iraq.
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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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Crude-oil futures surged almost $2 a barrel, the biggest increase in two months, after the Energy Department reported that US oil supplies declined more than expected.
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Oil surges to a record of nearly $79, despite Opec saying it will boost oil output to ease cost pressures.
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Crude futures climbed above $48 a barrel Thursday as market fears of sabotage against the Iraqi oil infrastructure outweighed assurances from Baghdad that exports would increase in coming days.
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Oil prices surged more than 2 percent  on Wednesday amid worries a possible OPEC output cut this  spring could quickly sap swelling U.S. crude and gasoline  stockpiles.
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LONDON - Oil&#39;s record-breaking rally lifted US crude beyond $52 a barrel this week, fueled by the impact of Hurricane Ivan on US winter inventories.
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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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Oil surged to a record high above $81 a barrel on Tuesday, drawing strength from concerns of a winter supply squeeze in the world's top consumer where an anticipated interest rate cut is calming recession fears.
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NEW YORK - Oil prices surged yesterday, rising to a record near $90 a barrel, as the falling dollar drew new foreign investors and speculators to dollar-denominated energy futures.
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Oil prices edged up toward $48 a  barrel early on Friday as worries that an early or severe  winter could stress low winter fuel stocks helped staunch the  market's $8 tumble from record highs.