Oil prices rise amid Gulf of Mexico production shutdowns as Ivan ...
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Hurricane Ivan held its grip on oil markets Tuesday, as shutdowns of production platforms in the Gulf of Mexico and fears of storm damage drove crude and gasoline prices higher.
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Crude oil prices closed higher Thursday in an up-and-down session as a consensus built that whatever havoc Hurricane Ivan causes in the southeast, its impact on Gulf Coast oil production will be short-lived.
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Oil prices closed above $50 a barrel for the first time yesterday as concerns linger about damage to oil production in the Gulf of Mexico from Hurricane Ivan.
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World oil prices surged nearly $2 on  Friday on worries the stormy season in the Gulf of Mexico would  continue to hamper energy production and imports, delaying  vital stock building ahead of the coming winter months.
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Crude oil futures may rise in New York on speculation Hurricane Ivan could disrupt output from platforms in the Gulf of Mexico as the storm nears the US mainland this week.
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Oil prices rose on Wednesday as  Hurricane Ivan -- one of the fiercest storms on record --  churned toward the southeastern United States, while the dollar  struggled with worrying economic data.
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Crude oil rose and natural gas soared in New York as the approach of Hurricane Ivan disrupted production and tanker shipments in the Gulf of Mexico, where a quarter of US oil and natural gas is pumped.
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US oil prices have surged above $48 per barrel as production and shipping disruptions caused by Hurricane Ivan cause domestic supplies to shrink more than expected.
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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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World oil prices climbed on Monday as companies operating in the US Gulf of Mexico braced for output disruptions from powerful Hurricane Ivan.
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Oil prices leaped above $51 a barrel  on Tuesday as a prolonged U.S. production outage following  Hurricane Ivan attracted fresh speculative buying.
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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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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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Crude oil surged to a four-week high, bringing the gain this week to almost $3 a barrel, on concern that shutdowns caused by Hurricane Ivan would further reduce inventories.
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NEW YORK -- Hurricane Ivan held its grip on oil markets Tuesday as shutdowns of production platforms in the Gulf of Mexico and fears of storm damage drove crude and gasoline prices higher.
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WASHINGTON -- Oil prices rose yesterday despite reports that refineries along the Gulf Coast and production platforms in the Gulf of Mexico which had been shut down were being restaffed as Hurricane Ivan proved less disruptive than feared.
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WASHINGTON &#151; Oil prices charged toward $50 a barrel yesterday, and gasoline prices surged to $1.92 a gallon last week, as petroleum output in the Gulf of Mexico returns at a slower-than-expected rate after Hurricane Ivan, and geopolitical unrest keeps traders on edge.