Oil, $, markets up on Bush win prospects
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Amid indications that US President George W Bush is all set to return to the White House for a second term, oil prices, which had dropped below $50 a barrel on Monday crept back to $51 before settling at $50.
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Easing oil prices held above $50 a barrel on Thursday as traders took stock after a roller-coaster session that pitted bullish views of President Bush&#39;s re-election against rising US crude inventories.
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WASHINGTON Oil prices climbed toward $49 per barrel Thursday even as the Bush administration considered drawing crude from the US emergency stockpile and lending it to refiners whose supplies were disrupted by Hurricane Ivan.
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Crude oil futures rose yesterday ahead of an extended weekend for traders, even though weekly government data showed rising domestic inventories of crude and distillate fuel, which includes heating oil.
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Oil prices surged more than $1 on Wednesday as the re-election of President Bush countered the impact of a big increase in spare oil supplies ahead of winter.
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Crude-oil futures rose Friday on fears of a possible terrorist attack before Tuesday&#39;s US election, but the market&#39;s recent downturn may continue next week.
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Stock markets rose across Europe and Asia, oil prices edged up and the US dollar was modestly higher Wednesday as US President Bush crept closer to re-election in a tight race for the White House.
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Crude prices rose Wednesday ahead of US petroleum inventory data and an OPEC meeting this week at which the group could decide on a production cut.
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Stocks indexes rose on Thursday as higher oil prices lifted energy stocks while a crop of positive headlines boosted pharmaceutical stocks.
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U.S. blue chips were higher today, led by shares of major oil producers benefiting from higher crude oil prices, which broke through the $50 a barrel mark.
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Crude oil prices surged again Wednesday, rising above $47 a barrel amid lingering concerns in supply from Iraq and Russia.
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Oil prices extended gains over &#36;71 on  Friday, buoyed by healthy U.S. economic growth that hinted  recent record prices may not hit robust demand.
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OIL prices eased, trimming gains from a US$1 rally the previous day following President George Bushâs US election victory. US light crude eased 19 cents to $50.
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The price of oil rebounds despite data showing that US crude oil stocks have risen.
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Oil prices ended higher on Friday,  shrugging off a U.S. government move to lend out some strategic  crude stocks as traders said the amounts were too small to  alleviate supply shortage worries.
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Oil prices jumped more than a dollar,  climbing above $48 a barrel on Wednesday after U.S. data showed  the disruption caused by Hurricane Ivan had eaten into fuel  stocks.
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Oil futures prices have jumped 5 percent higher, climbing above $44 a barrel in the United States Wednesday after US government data showed a slight decline in crude and heating oil supplies as colder weather in the Northeast drove up