Oil up despite jump in US stores
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Oil futures prices rose more than $1 a barrel in volatile trading yesterday after a government report showed a sharp rise in US crude supplies and tightening inventories of heating oil.
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World oil prices rose on Thursday as  concerns over a supply shortage after Hurricane Ivan persisted  despite news the U.S. will loan some oil from its reserves to  refineries to make up for lost production.
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U.S. stocks rose, overcoming earlier losses, on Thursday as a jump in oil prices pushed up energy shares, overshadowing a surprising drop in Midwest business activity and a disappointing outlook by Wal-Mart Stores Inc.
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Oil prices made fresh gains Friday, after leaping almost $2 a day earlier, as the US government said crude stocks sank for the sixth straight week last week and distillate fuels barely grew ahead of winter.
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Oil prices held steady on Thursday unfazed by a fall in crude supplies in the United States, where stocks are more than 20 million barrels above levels a year ago.
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Oil prices rose on Wednesday as a U.S. government report showed heating fuel stocks in the world's largest energy consumer remained tight ahead of the winter, despite a small build in distillate supplies.
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Oil prices ticked higher on Tuesday, holding above &#36;42 a barrel as dealers awaited signs of any renewed cold snap that would revive demand for winter heating fuels in the United States.
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Oil futures prices bolted 5 percent higher yesterday, climbing above $44 a barrel after US government data showed a slight decline in crude and heating oil supplies
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LONDON - Oil&#39;s record-breaking rally lifted US crude beyond $52 a barrel this week, fueled by the impact of Hurricane Ivan on US winter inventories.
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Oil rises back above $91 a barrel after weekly US crude stockpiles fall much more sharply than expected.
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Crude oil rose for a second day after the US government yesterday reported a smaller-than-expected increase in winter inventories of heating oil and diesel.
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BEIJING, Dec. 30 -- Crude oil rose for a second day after forecasters said weather next week in the US Northeast, where 80 per cent of the country&#39;s home heating oil is used, may be colder than predicted.
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Crude oil prices rose Wednesday even as the government report showed a sharp increase in US inventories of crude oil. On the New York Mercantile Exchange, crude futures for
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US stocks advanced overnight as a jump in September retail sales boosted investor confidence in the economy. However, oil prices at a fresh record of $US55 a barrel kept gains in check.
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U.S. stocks were higher on Wednesday  even as crude oil prices touched a record at over $52 per  barrel, which helped boost energy shares.
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Oil prices rose $2 on Tuesday on worries over tight inventories in the United States, the world's biggest energy consumer, and a threat of violence in Nigeria's oil region.
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Oil company shares climbed on  Thursday, helped by higher crude prices, while retailers  offered a mixed picture on holiday sales in December.