Crude oil futures rise ahead of long layoff
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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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Global oil prices edge up in early Thursday trading ahead of a key meeting by oil producers group Opec.
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Crude oil futures in New York rose after unions in Nigeria, the fifth-biggest supplier to the US, said they will disrupt the country&#39;s oil exports in an indefinite nationwide strike later this month.
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Crude oil futures moved upward Wednesday, as the northeastern United States - a heavy consumer of heating oil - felt the first signs of what could likely be a colder-than-expected winter.
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Crude oil futures rose for a second day amid speculation demand for heating oil may gain in the US after weather forecasters said unseasonably warm weather predicted this week will end in early January.
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Crude oil futures rose, ending a 9 percent slide over the past five days, on concern that a cease-fire in Najaf, Iraq won&#39;t eliminate all possible supply disruptions over a three-day weekend when London markets will be closed.
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Crude oil futures traded near a record after rising above $51 a barrel yesterday on concern hurricane damage to production platforms in the Gulf of Mexico will keep supplies from rising enough to meet winter demand.
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Oil prices rose on Tuesday on cheery  economic data showing that inflationary pressure was held in  check in July and ahead of weekly inventory due out on  Wednesday forecast to show a draw in crude stocks
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Crude futures surged above $52 a barrel yesterday as a possible strike by Nigerian oil workers loomed and petroleum output in the Gulf of Mexico continued to suffer more than two weeks after Hurricane Ivan whipped through the region.
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Crude oil prices surged to a new high Monday on supply concerns ahead of the coming winter, a possible petroleum-industry strike in Norway and data showing that China&#39;s big demand for oil is likely to increase.
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Crude oil prices surged to a new high Monday on supply concerns ahead of the winter, a possible petroleum-industry strike in Norway and data showing that China&#39;s big demand for oil is likely to increase.
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Stock index futures pointed to a higher start to the year on Wednesday, bouncing back from the previous session's weak close and as oil prices above $97 a barrel could boost the energy sector.
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Oil futures prices climbed above $46 a barrel yesterday after the US government reported that commercial inventories of crude and heating oil fell last week and as traders considered the effect of global supply snags and forecasts calling for colder weather.
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NEW YORK : Crude oil futures jumped to a record high closing on the New York Mercantile Exchange Friday, as markets fretted over tight US supplies despite a decision to release small amounts from a strategic reserve.
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Crude oil futures prices briefly hit a record high Tuesday as worries persisted over supplies and unrest among key producers. Crude oil for November delivery shot up as high as $50.
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Oil prices edged higher for the second  day on Wednesday ahead of U.S. government data expected to show  a slight decline in winter heating fuel stocks.
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Crude oil futures were up to $93.53 a barrel at the close of exchange trading today, up $1.67 from Friday.