Oil Rises to Record for 6th Day on Shortfall Concern; Use Jumps
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Crude oil rose to a record for a sixth day, passing $54 a barrel in New York, as concern about US supplies grew after the International Energy Agency said demand this year is rising faster than expected.
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The Dow Jones hits a record high in intraday trading - its highest in level for six years - as oil prices continue to slide.
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NEW YORK - Oil prices jumped to record highs above US$54 on Tuesday as supply hitches hindered efforts to build northern hemisphere winter heating fuel inventories.
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Oil prices hit another record on  Friday, trading as high as $53.40 a barrel, on supply worries  ahead of a planned oil worker strike in Nigeria and delays in  post-Hurricane Ivan U.S. output recovery efforts.
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The price of crude oil rose to a record high yesterday even as the Bush administration agreed to tap the nation&#39;s emergency oil stockpile because of supply problems caused by Hurricane Ivan.
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NEW YORK - Stocks clung to a slim advance Wednesday despite a new record high for oil as investors sifted through profit warnings and awaited the government's jobs creation report at the end of the week.    With rising energy costs threatening to dent consumer spending and corporate profits in the period ahead, oil and jobs have competed for the attention of traders on Wall Street...
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Oil futures have jumped to their highest closing on record on the New York Mercantile Exchange, rising 76 US cents to $US49.64 dollars a barrel, as unrest in Nigeria and Saudi Arabia alarmed traders.
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Oil extended its retreat on Thursday,  taking two-day losses to 6 percent after an unexpectedly large  rise in U.S. crude inventories spurred speculative funds to  take profits out of record high prices.
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Oil prices rose for a second day on   Friday after a brief mid-week dip below $60 a barrel, as   investors bet a six-week slump driven by rising U.S.   inventories and easing Iran tensions could be coming to an end.
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Oil prices climbed to within a dollar  of a new record on Wednesday after the U.S. government reported  a big decline in oil stockpiles because of disruptions from  Hurricane Ivan.
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Crude oil futures rose, extending their biggest gain in six months yesterday when the US government reported a decline in US heating-oil inventories.
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Oil vaulted to a record $100 a barrel on Wednesday as geopolitical turmoil, tight energy stockpiles in consumer countries, and a weak dollar triggered a flood of speculative buying, dealers said.
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Oil prices rose to another record Tuesday as a long supply disruption in the Gulf of Mexico from Hurricane Ivan caused concern about winter heating fuel supplies.
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NEW YORK - A fresh surge in oil prices set a new trading record and threatened to push past $50 per barrel Monday, unnerving investors and sending stocks lower.    After setting a new all-time record settlement price of $48.88 on Friday, oil continued its march higher on Monday, creating new worries on Wall Street that the slowdown in profits and the economic recovery would extend through the end of the year due to high energy costs...
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Oil hit a fresh record high of &#36;75.70 a  barrel on Friday after a U.S. government report showed strong  fuel demand in the world&#039;s top oil consumer.
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Sharp gains for oil majors helped the FTSE 100 close higher Thursday for a sixth straight session.
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Crude oil may rise for a sixth week, after reaching a record $55 a barrel in New York, on concern supply cuts from Norway, Nigeria or Iraq may deter refiners from building winter fuel inventories, a Bloomberg survey shows.