Crude oil futures rise ahead of long layoff
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Crude oil futures rose yesterday ahead of an extended weekend for traders, even though weekly government data showed rising domestic inventories of crude and distillate fuel, which includes heating oil.
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Crude oil futures rose more than $1 a barrel yesterday after the government reported that the nation's supply of distillate fuel, which includes heating oil, shrank for the eighth consecutive week.
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Crude prices rose Wednesday ahead of US petroleum inventory data and an OPEC meeting this week at which the group could decide on a production cut.
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Crude oil futures rose in New York after unions in Nigeria, the fifth-biggest supplier to the US, called a strike this month to disrupt the country&#39;s oil exports.
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Aug. 20 (Bloomberg) -- Crude oil futures in New York will probably rise next week, after setting records every day except one since July, on concern that shipments will be curtailed as demand grows, a Bloomberg survey of traders and analysts showed.
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Crude oil futures jumped toward $44 a barrel yesterday as traders appeared to remain concerned about tight supplies of heating oil ahead of the government's next petroleum supply report and as colder weather approached the Northeast.
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U.S. stock futures rose on Wednesday   before economic data on durable goods and new home sales, with   investors eyeing the Dow Jones industrial average as it nears   its all-time record.
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Oil prices edged upward Wednesday in anticipation of a report showing declines in U.S. crude and gasoline supplies.
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Crude oil futures rose to records in London and New York on concern offshore oil output from Norway, the world&#39;s third-biggest exporter, may be halted by a labor dispute.
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Stock futures rose  on Wednesday,  pointing to a higher market open, before a slew of U.S.  economic data, as oil prices dipped lower ahead of weekly  inventory figures.
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U.S. stock futures pointed to a  slightly higher market open on Tuesday, as oil prices retreat  and insurance stocks look to extend gains from Monday that were  sparked by the resignation of a key figure in the investigation  into the industry's business practices.
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Stock index futures edged up on Friday before a government report that is expected to show 70,000 jobs were created last month, while oil prices hovering near $99 a barrel kept investors on edge.
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Crude oil futures rose to within a quarter of $50 a barrel yesterday 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 futures hovered near $50 a barrel Tuesday ahead of key weekly US petroleum inventory data, which traders expect to show a rise in distillate stocks for a second straight week.
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Oil prices edged higher on Wednesday  ahead of weekly U.S. inventory data expected to show a fall in  crude stockpiles but rising product tanks.
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Stock index futures rose on Tuesday before data on new home sales, which is expected to show a decline in May.
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Crude oil futures in New York rose after unions in Nigeria, the fifth-biggest supplier to the US, said they will disrupt the country&#39;s oil exports in an indefinite nationwide strike later this month.