Oil Closes Above $80 a Barrel for First Time
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The October contract for light, sweet crude finished at a record $80.09, up 18 cents on the New York Mercantile Exchange.
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In New York the price of light sweet crude for November delivery climbed to an all-time peak of 50.47 dollars per barrel, the highest level since oil began trading on the New York market in 1983.
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Oil shrugged off early losses to rise above $79 a barrel on Monday, within sight of its record high, as the market focused on a Federal Reserve meeting that is widely expected to cut interest rates.
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Oil prices climbed again Friday, closing above $55 a barrel for the first time on conercns of domestic shortages in the upcoming winter.
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Oil held near $80 a barrel on Friday, within sight of record-high levels as a hurricane knocked out U.S. Gulf refineries, deepening supply woes already caused by lower crude stocks in the world's top consumer.
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Oil prices rose to record highs on  Monday, pushing crude in London above $50 for the first time  and extending a relentless rise that has added around 65  percent to the cost of crude this year.
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NEW YORK -- Retail gas prices rose overnight yesterday for the first time in more than a month as the closure of a Kansas refinery sent prices in the center of the country sharply higher. Oil futures, meanwhile, surged $1 a barrel to another 10-month high.
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NEW YORK -- Oil futures shot higher Tuesday, closing above $100 for the first time as investors bet that crude prices will keep climbing despite evidence of plentiful supplies and falling demand. At the pump, gas prices rose further above $3 a gallon.
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Business & money: Oil prices shoot over $90 (Â£44) a barrel for first time ever, prompting fears of higher petrol prices.
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Oil prices broke above $100 a barrel for the first time on Thursday, after a U.S. government report showed a steep slide in crude inventories in the world's biggest energy consumer.
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Oil surged to a record high above $81 a barrel on Tuesday, drawing strength from concerns of a winter supply squeeze in the world's top consumer where an anticipated interest rate cut is calming recession fears.
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Business & money: US crude oil prices hit the psychological barrier of $100 a barrel for the first time today
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Oil prices dipped on Thursday but  held near $80 a barrel and the previous day&#39;s record high, as  dealers watched a tropical storm in the Gulf of Mexico after a  sharp fall in U.S. crude stocks.
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Crude for October delivery closed at $46.35 a barrel on the New York Mercantile Exchange, up 76 cents for the session. It hasn&#39;t closed above $46 since Aug. 20.
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Oil edged up to $63 a barrel on Friday after OPEC agreed to cut supply for a second time in two months, underlining its determination to manage the market and prop up prices.
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Crude oil prices vaulted to a record high $80 a barrel on Wednesday as dealers focused on tight inventories in top consumer the United States ahead of peak winter demand.
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Oil prices hit $77 a barrel for the first time in 11 months on the back of supply concerns and speculative buying.