Oil Rally Pushes Past &#36;49
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Rallying oil prices climbed to within a dollar of &#36;50 a barrel early on Monday as a blizzard enveloped the U.S. Northeast, boosting demand for heating oil.
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Oil prices edged below &#36;49 a barrel on Wednesday as traders looked ahead to an expected build in weekly U.S. inventory data that would help bolster the thin supply cushion ahead of peak northern winter demand.
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Oil prices held steady above &#36;53 a barrel on Wednesday as worries over a winter supply crunch countered expectations that high fuel costs would curb growth in petroleum demand next year.
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Global oil prices raced to fresh  highs on Friday with U.S. crude approaching $49, driven by  escalating violence in Iraq and unabated demand growth from  China and India.
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Oil prices hovered above &#36;41 a barrel on Tuesday, pausing after a fall of more than 10 percent in the last five sessions amid rising U.S. stockpiles and warmer-than-expected weather.
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U.S. crude oil futures broke through &#36;50 to a new record on Tuesday, on worries over supply disruptions from Nigeria and other major producers.
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U.S. drivers could again face &#36;2 a gallon gasoline now that crude oil has topped a record &#36;50 a barrel, government experts said on Tuesday.
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U.S. oil prices held above &#36;46 a barrel on Tuesday on worries of a major supply disruption at a time when producers are pumping at full tilt to meet strong demand.
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Oil prices are pushing past the psychological barrier of $50 a barrel Tuesday. Prices are rising in part because of the slow recovery of production in the Gulf of Mexico following Hurricane Ivan.
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Oil's record-breaking rally lifted U.S.  crude beyond $52 a barrel on Wednesday, fueled by the impact of  Hurricane Ivan on U.S. winter inventories.
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Oil prices clung near the $49 mark on  Tuesday, pausing from a 12 percent slide from record highs  ahead of key mid-week data on the health of winter fuel  stockpiles in the leading consumer, the United States.
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Global oil prices rallied to fresh highs on Friday with US crude approaching $49, driven by escalating violence in Iraq and unabated demand growth from China and India.
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Oil climbed towards $94 a barrel on Thursday, supported by a smaller-than-expected rise in U.S. crude stocks as imports slowed and refiners revved up.
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Oil prices jumped to a new record high near &#36;47 on Monday with traders on tenterhooks for the result of Venezuela's weekend referendum and Iraq's exports again disrupted by a Shi'ite uprising in the south.
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Global oil prices raced to fresh highs on Friday carrying US crude close to $49 a barrel, driven by escalating violence in Iraq and unabated demand growth from China and India.
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Battered oil prices struggled on Friday to shake off this week's &#36;6 slump, edging up from a 12-week low after a massive round of selling triggered by easing worries about winter supply.
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NEW YORK -- Crude oil futures rallied late yesterday to a new high of $54.93 US, a day after a decline in the US inventory of heating oil roiled a market already on edge over tight supplies, high demand and unrest among key producers.