Oil majors little moved by $100-per-barrel crude oil
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Oil companies' shares got a modest boost as crude oil prices touched a record $100 per barrel on Wednesday, but some analysts do not expect that to trigger a rally in energy's biggest names.
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Oil hovered above $95 a barrel on Monday, as investors weighed the effects of a slowing U.S. economy against an escalating row between OPEC member Venezuela and oil major Exxon Mobil .
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Crude oil prices pushed past the psychologically important 50 dollars per barrel mark today to an all-time high of 50.01 dollars as the market stayed bullish on a slow post-Hurricane Ivan recovery in the Gulf of Mexico.
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Business & money: US crude oil prices hit the psychological barrier of $100 a barrel for the first time today
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NEW YORK, December 2  - Crude oil futures steadied at under $46 per barrel in early morning trade today, after declining by more than $3 per barrel yesterday on reports of higher-than-expected increases in the US supplies of crude oil
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Oil prices broke above $100 a barrel for the first time on Thursday after a U.S. government report showed a steep slide in crude inventories in the world's biggest energy consumer.
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Oil held near $93 per barrel on Monday in thin trade, pressured by an uncertain economic outlook for top oil consumer the United States and a firmer dollar, but supported by concerns over shrinking world oil stocks.
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ECONOMIC INDICATORS Housing and earnings will be the big topics this week. The price of oil could climb above $100 a barrel, and the markets could continue to be volatile.
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Oil held firm near $96 a barrel on Thursday after a three-day rally as traders awaited a sixth-weekly decline in U.S. crude inventories and attached a bigger supply-risk premium to Turkish bombing in northern Iraq.
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Oil prices hit $100 a barrel Wednesday for the first time ever, amid an unshakeable view that global demand for oil and petroleum products will continue to outstrip supplies
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NEW YORK -- Oil futures rose to a new record of $100.09 a barrel Thursday after the government reported a larger-than-expected decline in crude oil inventories and an unexpected rise in heating oil supplies.
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U.S. News & World Report - If you write about energy, apparently nothing can fill up your E-mail inbox like oil briefly hitting the $100-per-barrel mark for the first time. Here is a sampling of the reactions to the crude oil price run-up that I've been urged to note:
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Stock futures were little changed on Thursday after a weak start to the new year as investors were cautious with oil prices near $100 a barrel and before a report on private-sector jobs growth.
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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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Oil held near its lifetime high of $100 a barrel on Thursday, fuelled by expectations of another fall in U.S. fuel stocks and a struggling dollar.
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NEW YORK -- Oil futures shot higher Tuesday, closing above $100 for the first time as investors bet that crude prices will keep climbing despite evidence of plentiful supplies and falling demand. At the pump, gas prices rose further above $3 a gallon.
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Oil prices vaulted to a record $100 a barrel on Wednesday as violence in Nigeria, tight energy stockpiles and a weaker dollar triggered a surge of speculative buying, dealers said.