Crude oil prices stay higher amid Nigerian fighting, lower ...
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Crude oil prices in New York stayed higher Tuesday after passing 50 dollars per barrel as Nigerian rebels threatened oil output and Hurricane Ivan slashed production in the US Gulf of Mexico.
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Oil rose to $71 a barrel on Friday, near  a nine-month high, as a strike in Nigeria threatened more of  the country&#39;s output and Iran remained defiant over its nuclear  program.
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NEW YORK -- Crude oil futures briefly climbed back over $50 a barrel yesterday, with worries over the security of Nigerian supplies supporting prices despite a surprise increase in US crude inventories.
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Crude oil futures have jumped back above $53 on speculation and panic sparked by an oil line explosion in Mexico. Traders are also nervously monitoring developments in Nigeria&#39;s national strike and recovery efforts in the Gulf of Mexico.
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Crude oil rose to a record $49.74 a barrel in New York amid concern rebel attacks in Nigeria will reduce production and US refiners will struggle to replenish supplies disrupted by Hurricane Ivan.
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New York, Sept. 29 (NNN): Hitting fresh 21-year highs of more than $50 a barrel a day earlier, oil prices eased slightly on Tuesday but remained quite volatile as increased fighting in Nigeria forced several
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Crude oil futures rose in New York after unions in Nigeria, the fifth-biggest supplier to the US, called a strike this month to disrupt the country&#39;s oil exports.
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NEW YORK - Oil prices continued their rise on Monday, as a general strike shut down Nigeria and a Moscow court upheld a billion dollar back tax demand on Yukos, Russia&#39;s largest oil producer.
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Oil prices have neared last week&#39;s record high after bouncing back above the $50-a-barrel mark despite a peace deal between rebel gangs in Nigeria.
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Oil prices rose to record highs Monday near $50 a barrel for US crude as Nigeria emerged as the latest focus for worries about supply in an already tight worldwide energy market.
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Oil stayed well above $64 a barrel on   Thursday as the stand-off over Iran's nuclear program and   concerns over Nigerian supplies due to an oil workers' strike   supported the market.
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Crude oil prices rose Friday amid worries about supply after Nigeria's powerful oil unions went on strike and gunmen kidnapped six oil workers in the nation's south. Concern about more tensions with Iran was also a factor.
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Oil prices rebounded higher on Friday, with prices in New York closing above US$50 a barrel for the first time, as traders fretted about Nigerian oil production amid a threatened rebel uprising.
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Oil prices ended above the  $50-a-barrel mark 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 futures rose Friday as markets remained wary about a possible strike by oil workers in Nigeria and potentially low heating oil supplies at the beginning of the Northern Hemisphere winter.
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Brent crude futures on the London oil market reached USD50 a barrel today as Nigerian oil workers went on strike. Nigerian unions launched a four-day general strike to protest rising fuel prices, but oil shipments
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LONDON : Oil prices resumed their march towards 50 dollars in New York as peace talks in major producer Nigeria and an unexpected rise in US crude inventories failed to ease traders&#39; fears about supply.