Crude Oil Trades Near a Record on Winter Fuel Supply Concern
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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 set a new record today on concerns over tight winter heating fuel supplies and news that a strike in Nigeria could put some crude exports on hold.
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Oil prices pushed above $49 a barrel  on Monday, approaching record levels as worries about the  stability of supplies from Iraq, Nigeria and Russia compounded  concerns over low fuel stocks ahead of winter.
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Crude oil prices rose to a record in New York and London after hurricanes in the Gulf of Mexico curbed US production for more than three weeks, slowing the accumulation of supplies to meet winter needs.
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Crude oil prices have resumed their upward trend amid continuing worries about supplies for the northern hemisphere&#39;s approaching winter.
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Crude oil futures rose to a record for a third day, reaching US$52.53 a barrel in New York, on concern US supplies may be insufficient to meet demand this winter.
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Oil prices hit another record on  Friday, trading as high as $53.40 a barrel, on supply worries  ahead of a planned oil worker strike in Nigeria and delays in  post-Hurricane Ivan U.S. output recovery efforts.
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Oil prices head back toward record highs on concerns about supply ahead of the cold winter months.
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Oil prices held firm around $51 per barrel on Wednesday, hovering near record highs amid the sluggish recovery in US Gulf oil production and an anticipated decline in key winter fuel stocks, dealers said.
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Oil prices hit another new record after an unexpected fall in US crude stockpiles adds to winter supply concerns.
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U.S. crude oil futures hit a new  record on Tuesday at $50.01 a barrel as worries about the  stability of supplies from Iraq, Nigeria and Russia compounded  concerns over low fuel stocks ahead of peak winter demand.
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NEW YORK - Oil prices jumped to record highs above US$54 on Tuesday as supply hitches hindered efforts to build northern hemisphere winter heating fuel inventories.
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NYMEX crude kept close to record  highs near $54 early on Tuesday as global oil supplies remained  hounded by disruptions, magnifying concerns over U.S. heating  oil stocks ahead of the winter, traders said.
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Crude oil prices reached a record high of $47.04 (US) a barrel in pre-market trading Wednesday in New York on lingering concerns about supply from Iraq and Russia.
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Crude oil futures continued to climb Friday, reaching a record high as decline in the US inventory of heating oil and tight supplies still overshadowed the energy markets.
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Crude oil futures remained high Thursday as traders concerned that US heating oil supplies might be insufficient to meet winter demand.
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Crude oil rose to a record for a sixth day, passing $54 a barrel in New York, as concern about US supplies grew after the International Energy Agency said demand this year is rising faster than expected.