Oil Closes Above $50
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Oil prices closed above $50 a barrel for the first time Friday as concerns linger about damage to oil production in the Gulf of Mexico from Hurricane Ivan.
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Crude oil surpassed $50 a barrel for the first time and analysts said Tuesday that prices could keep rising because of a sharp rise in global demand, tight supplies and threats to output in petroleum-producing nations such as Iraq and Nigeria.
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NEW YORK - The price of oil settled above $50 a barrel for the first time yesterday amid worries about tight supplies and production problems because of hurricanes in the Gulf of Mexico.
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NEW YORK, Sept 27  - Oil futures jumped to their highest closing on record Monday on the New York Mercantile Exchange, rising 76 cents to 49.
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In Asian trade, US light crude hit $50.28 a barrel, the highest since the record $50.47 one week ago. London&#39;s Brent crude opened higher Tuesday, up 46 cents at $46.
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Oil lingered above the $50 per barrel threshold in Asian trade Wednesday, breaching the mark for the second straight day ahead of key US crude stockpile data.
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CRUDE oil prices surged past US$50 a barrel for the first time yesterday to a new record high, raising concerns that higher energy costs could slow the global economy next year.
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Crude oil futures rose to within a quarter of $50 a barrel Monday after a gas leak shut down a North Sea oil production platform and as traders weighed concerns about heating oil supplies against the fact that temperatures have been mild in recent weeks.
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Crude oil prices pushed past the psychologically important US$50-per-barrel mark Tuesday to an all-time high of US$50.01 as the market reacted to the slow recovery of US oil production in the Gulf of Mexico following Hurricane Ivan.
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Oil prices set a new record above $50  a barrel on Tuesday as a prolonged U.S. production outage  following Hurricane Ivan attracted fresh speculative buying.
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Crude oil prices pushed past the psychologically important 50 dollars per barrel mark today to an all-time high of 50.01 dollars as the market stayed bullish on a slow post-Hurricane Ivan recovery in the Gulf of Mexico.
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Oil prices raced to new record highs above $50 on Tuesday, despite a pledge by OPEC producer Saudi Arabia to increase production, as rebel threats against Nigerian oil facilities threatened to inflict further strain on global supplies
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Oil prices surged to new record highs on  Monday near $50 for U.S. crude as Nigeria emerged as the latest  focus for worries about supply security on world energy  markets.
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Crude oil futures surged to within striking range of $50 a barrel yesterday, though traders were split on where the market was headed next.
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CRUDE oil prices pushed past the psychologically important $US50-per-barrel mark today and hit an all-time high as the market reacted to the slow recovery of US production in the Gulf of Mexico following Hurricane Ivan as well as unrest in key oil
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Oil prices shot up 5 percent yesterday and closed above $45 a barrel after an early spurt of buying created momentum that forced investors anticipating lower prices to cover their bets.
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TORONTO - Crude oil prices hit an all-time high Tuesday, pushing past the psychological barrier of $50 US per barrel during Asian trading.