Crude settles above $50 US for first time
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NEW YORK -- The price of oil settled above $50 US a barrel for the first time yesterday amid concerns over tight supplies globally and hurricane-related production problems in the Gulf of Mexico.
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U.S. crude oil futures broke through  $50 to a new record on Tuesday, on worries over supply  disruptions from Nigeria and other major producers.
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Benchmark light, sweet crude futures for November rose 33 cents to settle at a new record high of $53.64 a barrel, after reaching an intraday high of $53.
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US light crude climbed to $49.36 a barrel, up 48 cents and just four cents below the record high set in late August at $49.40. In London, Brent crude oil futures in surged to a new peak of $45.
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Crude oil prices rose above 54 US dollars Thursday on speculation sparked by a pipeline explosion inMexico and a continued work stoppage in Nigeria.
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Despite the price of oil settling above $50 a barrel for the first time, Wall Street yesterday celebrated new data showing the nation&#39;s manufacturing sector expand again last month.
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NEW YORK - Oil prices closed above $50 a barrel for the first time in New York trading Friday, as traders fretted about Nigerian oil production amid a threatened rebel uprising.
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Crude oil prices briefly hit an all-time high of $50.69 on Tuesday as worries persisted over supply and unrest in key producers.
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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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Crude oil prices break records again as  US light crude tops $50 a barrel in Asian trade and Brent stays above $46.
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Light sweet crude for delivery in January traded at US$49.41 a barrel late Monday afternoon in Asian trade, up US$0.52 from the contract&#39;s closing price Friday on the New York Mercantile Exchange.
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NEW YORK : New York crude oil smashed past 48 dollars a barrel for the first time, menacing the 50-dollar mark, as heavy fighting gripped the Iraqi city of Najaf.
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Crude oil prices breached the psychological mark of US$50-per-barrel on Tuesday on worries that production shutdowns from hurricanes in the Gulf of Mexico and growing unrest in Nigeria would undermine global supply of black gold.
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new yorkâCrude oil futures rose to almost $50 (US) a barrel yesterday as platforms in the Gulf of Mexico pumped at below-normal rates two weeks after Hurricane Ivan.
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NEW YORK For the first time, oil has settled the day priced at more than 50 dollars a barrel. In New York, crude for November delivery rose 48 cents and closed at a record 50 dollars, 12 cents a barrel.
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A boost in US crude and natural gas supplies brought some relief to oil markets Thursday, with crude futures falling below the $50-a-barrel mark.
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LONDON - 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.    Analysts said instability in the Middle East; political unrest in Nigeria, Africa's top oil exporter; and the Caribbean's hurricanes were keeping traders on edge about world supplies...