Oil Hits $51 a Barrel in Hurricane&#39;s Wake
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Oil prices held firm around $51 per barrel on Wednesday, hovering near record highs amid the sluggish recovery in US Gulf oil production and an anticipated decline in key winter fuel stocks, dealers said.
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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 extended record-setting highs  above $51 for U.S. crude on Wednesday, fueled by the impact of  Hurricane Ivan on U.S. winter inventories.
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World oil prices fell nearly $2 a barrel on Friday as dealers took profits from a recent rally, but the market remained on edge as powerful Hurricane Ivan thrashed through the Caribbean on a track toward the energy-rich Gulf of Mexico
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OIL prices hit a new record yesterday, near $51 a barrel, as a prolonged US production stoppage following Hurricane Ivan attracted fresh speculative buying.
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Oil prices held firm around $51 a  barrel on Wednesday, hovering near record highs amid the  sluggish recovery in U.S. Gulf oil production and an  anticipated decline in key winter fuel stocks, dealers said.
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Oil prices extended record-setting highs  above $51 for U.S. crude Wednesday, led by worries over the  impact of Hurricane Ivan on U.S. winter fuel stocks.
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Oil eases towards $79 a barrel on Friday, as a hurricane subsided in the Gulf of Mexico, though prices held near the previous day's record high on supply worries ahead of peak winter demand.
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Oil prices hit a new record near $51 a  barrel on Tuesday as a prolonged U.S. production outage  following Hurricane Ivan attracted fresh speculative buying.
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Crude oil futures jumped above 51 dollars a barrel Tuesday amid concern that hurricane damage to production in the Gulf of Mexico would keep supplies from rising enough to meet winter needs.
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World oil prices rose on Tuesday as  Hurricane Ivan charged toward the oil-rich Gulf of Mexico,  where energy companies had evacuated thousands of offshore  workers and shut some production.
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NEW YORK - Oil prices climbed close to $51 per barrel and kept stocks mixed Tuesday as investors worried that rising energy costs would dampen a widely expected fourth quarter rally.    Wall Street was uneasy but not panicky as a barrel of light crude was quoted at a record high $50.85, up 94 cents, on the New York Mercantile Exchange...
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The price of oil settled above $50 a barrel for the first time Friday amid concerns over tight supplies globally and hurricane-related production problems in the Gulf of Mexico.
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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.
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Oil prices hugged $50 a barrel on Wednesday on worries of potential supply disruptions and with US crude inventories expected to fall due to the lingering effects of Hurricane Ivan.
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Oil prices inched closer to $50 a barrel Thursday even as the Bush administration considered tapping the nation&#39;s emergency stockpile of crude on behalf of refiners whose supply was disrupted by Hurricane Ivan.
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World oil prices surged nearly 4  percent on Friday on worries the U.S. hurricane season would  continue to hamper energy production and imports in the Gulf of  Mexico, delaying vital stock-building ahead of winter.