Oil price pushes toward $50 a barrel
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US light crude climbed to $49.36 a barrel, up 48 cents and just four cents below the record high set in late August at $49.40. In London, Brent crude oil futures in surged to a new peak of $45.
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By Andrew MItchell LONDON  - Oil prices raced to new record highs above $50 on Tuesday as rebel threats against Nigerian oil facilities threatened to inflict further strain on global supplies.
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World oil prices hit new records above $50 a barrel Tuesday amid fears that problems in oil-producing nations mean that oil supplies may not meet strong demand.
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Oil prices pierced the $50-a-barrel  mark again on Friday amid concern over possible conflict in  Nigeria's oil-producing delta region, where a two-day truce  between rebel militia and government forces is holding.
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Crude oil topped $50 per barrel during Asian trading today, pushing past the psychological milestone for the first time then surging further to new record levels likely to unsettle oil-consuming nations.
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U.S. oil prices flirted with $50 on  Tuesday, jumping to their highest level in eight weeks after a  fire at a big Louisiana refinery slowed the plant's fuel  production.
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Supplies hit $50 a barrel for the first time as global demand rises and supplies are increasingly threatened. By Brad Foss. Crude oil surpassed $50 a barrel for the first time and analysts said Tuesday that
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il prices climbed nearer to $50 a barrel yesterday before retreating, as traders reacted to reports on the conflict in Iraq, concerned that growing unrest might interrupt crude oil exports.
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Oil prices above $50 a barrel - and rising - are now starting to adversely affect the economy and consumers in ways that had not been happening only a few months ago.
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Oil prices pushed above $49 a barrel on Monday, approaching record levels as worries about the stability of supplies from Iraq, Nigeria and Russia compounded concerns over low fuel stocks ahead of winter.
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Oil prices were hovering close to last weekâs record high today after breaking through the 50 US dollars mark again. Production problems in the Gulf of Mexico due to
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Oil prices deepened this week's 8  percent rout on Friday, edging nearer $50 a barrel as China's  surprise interest rate rise stirred concerns over demand growth  from the world's second largest energy user.
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PARIS The price of oil, which has been inexorably rising for the past two years, finally broke through the $50-a-barrel mark Tuesday, reaching a new milestone as some analysts warned that there was nothing to stop prices from rising even further.
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Oil prices raced to new highs above $50  on Tuesday as rebel threats against Nigerian oil facilities  threatened to inflict further strain on global supplies.
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High-flying oil prices neared $50 a  barrel on Monday as a blizzard enveloped the U.S. Northeast,  draining U.S. heating oil stocks.
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LONDON: World oil prices surged into new record territory above $50 a barrel Tuesday as traders took fright at a multitude of supply threats, including unrest in Nigeria and recent hurricanes.
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Oil prices climbed back to $50 on  Tuesday, pushed higher by supply outages in the North Sea and  fears about low stocks of winter heating fuels.