Supply Fears Push Oil to Triple Digits
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Crude oil vaulted through a longstanding psychological barrier amid persistent concern about whether production can keep up with rising global demand.
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World demand for oil will rise more than expected while supplies will remain tight up to 2012, experts say.
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Oil vaulted to a record $100 a barrel on Wednesday as geopolitical turmoil, tight energy stockpiles in consumer countries, and a weak dollar triggered a flood of speculative buying, dealers said.
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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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Oil  breaches the $81 a barrel mark on worries about rising demand amid constrained supply.
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Crude oil vaulted through a psychological barrier amid concern about whether production can keep up with rising global demand.
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Crude oil prices rose to a record for a third day, reaching $52.62 a barrel in New York, on concern US supplies may be insufficient to meet demand this winter.
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Oil leapt to its third record high in a row on Monday as a brief halt to one-fifth of Mexico's production added fuel to a rally driven by a stand-off between Turkey and Kurdish rebels, a weak dollar and winter supply fears.
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Crude oil futures in New York vaulted up 3.9 percent Friday, as supply fears continued to rattle the market following Hurricane Ivan.
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Oil prices jumped more than 3 percent  on Tuesday to a one-month high of $99 a barrel as expectations  that OPEC will keep production tight spurred supply concerns.
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Oil prices rise above $71 a barrel as fears intensify over Mid-East instability and insufficient supply in the US.
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NEW YORK -- Oil prices rose above $70 a barrel yesterday, as persistently high fuel demand and concerns about possible supply disruptions in the Middle East and Nigeria offset news of increasing US inventories.
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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 surges to a record of nearly $79, despite Opec saying it will boost oil output to ease cost pressures.
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Oil prices hit their highest levels in more than three weeks amid worries the US hurricane season would continue to hamper supplies.
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Oil prices soared on Thursday after the  International Energy Agency warned that faster-than-expected  demand and disappointing world supply growth threatened to keep  the strain on world supplies.
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Crude oil futures rose to a record in New York for a third day on speculation US demand for heating oil will deplete inventories this winter.