Heating-oil, natural-gas futures rise amid Northeast chill
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SAN FRANCISCO (CBS.MW) -- Strength in heating-oil and natural-gas futures led an overall climb among energy prices for a second session Tuesday, as cold US weather sparked concerns over heating-fuel supplies for the winter season.
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Oil prices edged higher yesterday, lifted by chilly weather across the Midwest and Northeast that is boosting the demand for heating fuel.
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Oil prices rose on Monday as a gas leak  closed a large Norwegian North Sea oilfield and the threat of a  colder-than-normal U.S. winter fueled worries about low heating  oil stocks.
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Oil prices climbed above $62 a barrel yesterday as colder weather drifted eastward across the United States and after government data showed shrinking supplies of crude, gasoline, and heating oil.
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WASHINGTON -- Oil futures prices surged to new heights above $55 US a barrel yesterday as concerns about the global supply of heating oil persist ahead of winter.
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Oil prices on Tuesday held 17 percent  gains made over the past three weeks after soaring to a  seven-week high above $49 a barrel on frigid temperatures in  the U.S. Northeast.
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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
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Oil prices perked up from 7-week lows on  Friday on forecasts for colder-than-normal weather in the U.S.  Northeast.
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Oil prices rose on Monday as cold  weather in the U.S. northeast pushed heating oil prices higher  and after sabotage again disrupted Iraq's oil exports.
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Oil prices stayed close to six-week highs on Friday on forecasts that a bout of cold weather in the United States would raise demand for heating fuels and natural gas.
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NEW YORK - Oil and gas futures rose yesterday on expectations the hurricane season will intensify and OPEC won't raise output when it meets next week.
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Oil prices climbed to a seven-week high  above $49 a barrel on Tuesday as a cold front swept into the  U.S. Northeast, stoking winter fuel demand.
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Crude oil futures rose to within a quarter of $50 a barrel Monday after a gas leak shut down a North Sea oil production platform and as traders weighed concerns about heating oil supplies against the fact that temperatures have been mild in recent weeks.
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SAN FRANCISCO (CBS.MW) -- A rally in heating-oil futures to a fresh record and gains for natural gas for the first time in four sessions pulled crude prices more than $1 a barrel higher Wednesday.
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Oil prices stayed close to six-week  highs on Friday on forecasts that a bout of cold weather in the  United States would raise demand for heating fuels and natural  gas.
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The U.S. winter will be longer and slightly colder than the last, private forecasters say, spelling a spike in heating oil and natural gas demand even as high oil prices drive up the cost of heating.
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Oil rose near $61 on Tuesday, adding to sharp gains the previous session, on expectations that a cold spell in the U.S. Northeast this weekend would boost demand in the world's biggest heating oil market.