Oil Producers Emerging to Sell at Record Prices
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Oil producers are emerging to lock in record high prices for their future crude output, but activity is modest as firms still fear calling a premature end to this year&#39;s stunning price rise, traders said on Friday.
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World oil prices bolted up to new record summits beyond 52 dollars on markets nervous about tight global supplies with winter looming in the northern hemisphere.
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Oil prices hit a record high Thursday of more than $90 a barrel after reports indicated that the Organization of Petroleum Exporting Countries has no plans to increase production.
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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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World oil prices have hit fresh record highs above $US50 per barrel in electronic trading ahead of formal pit deals, stoked by fears about supplies.
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Oil prices surge to record levels as traders bet that the Opec nations will reduce output.
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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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Though oil prices have eased slightly, they remain close to record high points approaching $55 a barrel. World oil prices have more than doubled from about $20 a barrel in New York at the start
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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 prices hit fresh record highs above  $51 a barrel Wednesday, whipping up worries that high prices  could hit economic growth and weighing on European shares that  were dented by downbeat news from AstraZeneca.
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While the recent flurry of record oil prices may be temporary, government analysts said Thursday that $30-a-barrel oil should be expected for decades to come.
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Crude oil futures contracts topped the psychological milestone of $50 per barrel for the first time Tuesday, surging to new record levels that could unsettle oil importing nations.
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Oil prices at record highs sent quarterly profits up at ConocoPhillips  and two other top U.S. producers on Wednesday.
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Oil prices hit a new record of more  than $51 a barrel Tuesday as a prolonged U.S. production outage  following Hurricane Ivan attracted fresh speculative buying.
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Oil prices have been at record highs this year, with money gushing into the coffers of oil producers thanks to the world&#39;s growing thirst for oil.
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Crude prices have hit record highs as Nigeria emerges as the new focus of worries about supply security on world oil markets. London Brent on the International Petroleum
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Crude oil prices stay close to record levels at more than $51 a barrel, amid production problems in the Gulf of Mexico.