Oil rallies towards $60 on Nigeria, dollar
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Oil rose towards $60 a barrel on Friday, drawing strength from a disruption to supply in Nigeria and as a fall in the U.S. dollar boosted other commodities.
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High-flying oil climbed back toward $50  a barrel on Thursday, with worries over the security of  Nigerian supply supporting prices despite a surprise build in  U.S. crude inventories.
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SAN FRANCISCO (CBS.MW) -- Fueled by new supply worries in the United States and Nigeria, crude-oil futures made history Monday when the price topped $50 per barrel late Monday and one analyst said additional disruptions could push prices to $60 per barrel
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Oil prices rose for a second day on   Friday, after a brief mid-week dip below $60 a barrel, as   investors bet that a six-week slump driven by rising U.S.   inventories and easing Iran tensions could be coming to an end.
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The dollar rallied sharply on  Wednesday, erasing earlier losses, after oil prices plunged $3  per barrel on news of a bigger-than-expected build in U.S.  crude oil supplies.
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Oil prices climbed near $60 a barrel on Tuesday after bad weather disrupted loadings at Alaska's main export terminal and analysts forecast a drawdown in U.S. fuel stocks ahead of winter.
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Crude oil futures briefly climbed back  over $50 a barrel on Thursday, with worries over the security  of Nigerian supplies supporting prices despite a surprise  increase in U.S. crude inventories.
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Oil leapt more than 1 percent to above $60 a barrel on Thursday, extending its rebound from an eight-month low on a newspaper report that OPEC members had agreed informally on the need to slash output by 1 million barrels per day.
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Oil prices rose to record highs Monday near $50 a barrel for US crude as Nigeria emerged as the latest focus for worries about supply in an already tight worldwide energy market.
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Oil rose above $87 a barrel on Thursday after two days of losses, as production shutdowns in Nigeria and the North Sea outweighed growing evidence of weaker demand in the world's top oil consumer, the United States.
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Oil jumped more than a dollar to above $60 on Thursday after an OPEC delegate said the producer group will cut output by 1 million barrels per day as soon as possible to prop up prices.
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Oil prices rebounded on Tuesday to near $70 a barrel in London on lingering concerns over Nigerian crude production at the start of peak gasoline demand in top consumer, the United States.
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NEW YORK, November 1  - World crude oil prices rose in Asia trading this morning, with the Nigerian oil unions beginning their protests in a build-up to a nationwide general strike planned for later this month.
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OIL prices surged past $50 a barrel yesterday, driven to the historic high by the threat of an armed uprising in Nigeria against the government and multinationals.
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NEW YORK - Oil prices surged yesterday, rising to a record near $90 a barrel, as the falling dollar drew new foreign investors and speculators to dollar-denominated energy futures.
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Oil rose towards $60 a barrel on Friday  in trade muted by the long U.S. Thanksgiving holiday weekend,  after tumbling on a rise in stockpiles in the world's top oil  consumer.
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U.S. crude oil climbed above $60 a barrel  for the first time in a month on Friday, extending a gain of $2  a day earlier, amid signs of falling crude exports from  producer group OPEC.