Oil Ends Above $50 on Nigeria Fears
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Oil prices ended above the $50-a-barrel mark on Friday amid concern over possible conflict in Nigeria's oil-producing delta region, where a two-day truce between rebel militia and government forces is holding.
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Oil prices pierced the $50-a-barrel mark again today amid concern over possible conflict in Nigeria's oil-producing delta region.
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Oil prices closed above $50 a barrel for the first time yesterday as concerns linger about damage to oil production in the Gulf of Mexico from Hurricane Ivan.
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Crude oil futures settled above $50 for the first time ever on Friday, fueled by concerns about supply in Nigeria and the continuing slow pace of production recovery in the hurricane-ravaged Gulf of Mexico, traders said.
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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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NEW YORK: Oil prices pierced the $50-a-barrel mark again last night amid concern over possible conflict in Nigeria&#39;s oil-producing delta region, where a two-day truce between rebel militia and government forces is holding.
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Oil prices surged closer to $50 a barrel after hitting yet another record high in the US yesterday, as confusion reigned over the fate of Najaf, sparking fresh fears about Iraq&#39;s oil supplies.
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NEW YORK - Oil prices raced to new record highs above US$50 on Tuesday as rebel threats against Nigerian oil facilities threatened to inflict further strain on global supplies.
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Crude oil closed above 50 dollars per barrel Friday for the first time as traders worry below-normal US crude inventories could not meet the soaring demand in the upcoming months.
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LONDON : Oil prices resumed their march towards 50 dollars in New York as peace talks in major producer Nigeria and an unexpected rise in US crude inventories failed to ease traders&#39; fears about supply.
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Oil prices slid from record highs above &#36;50 a barrel Wednesday as the U.S. government reported a surprise increase in crude stocks and rebels in Nigeria's oil-rich delta region agreed to a preliminary cease-fire with the government.
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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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Oil prices slid from record highs above  $50 a barrel Wednesday as the U.S. government reported a  surprise increase in crude stocks and rebels in Nigeria's  oil-rich delta region agreed to a preliminary cease-fire.
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Oil futures were little changed after touching a record $50.47 a barrel on concern Nigerian rebels will follow through on threats to cut shipments from the fifth-largest supplier to the US.
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Brent crude futures on the London oil market reached USD50 a barrel today as Nigerian oil workers went on strike. Nigerian unions launched a four-day general strike to protest rising fuel prices, but oil shipments
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Crude oil, which closed above $50 a barrel for the first time in New York on Friday, fell as concerns eased that Nigerian rebels may disrupt exports from Africa&#39;s biggest oil producer.
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The price of crude oil ends slips back  below $50 but unease remains over tensions in Nigeria's southern region.