Oil Rebounds After Iraq Pipeline Attack
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Oil prices rose on Friday, stemming five  days of heavy losses as fresh sabotage attacks on Iraqi oil  infrastructure despite a peace deal in Najaf renewed concern  over the country's supplies.
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The price of oil rebounds despite data showing that US crude oil stocks have risen.
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World crude prices rise amid fears that oil supplies from the Gulf of Mexico could be disrupted by Hurricane Ivan, and as saboteurs strike a pipeline in Iraq.
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Oil prices surged over $47 a barrel on  Wednesday on evidence that energy costs are not substantially  slowing the economic growth that fuels oil demand and fresh  threats by rebel militia against Iraqi oil facilities.
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Oil rose above $96 a barrel on Monday,  lifted by mounting political instability in Pakistan and  growing tensions between Iran and the United States over  Tehran's nuclear ambitions.
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Oil prices rose on Friday, stemming five days of heavy losses as fresh sabotage attacks on Iraqi oil infrastructure despite a peace deal in Najaf renewed concern over the country&#39;s supplies.
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Oil prices rebounded to $58 on Thursday after fuel stocks in the United States were cut by freezing weather and as buyers reemerged following a 2 percent sell-off the previous day.
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Oil prices rose on Monday as cold  weather in the U.S. northeast pushed heating oil prices higher  and after sabotage again disrupted Iraq's oil exports.
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Oil bounced back above $70 a barrel on   Wednesday, recovering from a 10-week low, as traders   anticipated Iran would fail to meet a looming U.N. deadline to   halt its atomic fuel program.
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Oil prices surged nearly $2 a barrel yesterday following two bombings in the capital of Saudi Arabia and after the US government reported that winter fuel supplies shrank last week.
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Oil prices hit fresh highs on Friday,  lifting U.S. crude above $49 a barrel, driven by escalating  violence in Iraq and unabated fuel demand growth from China and  India.
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Oil prices jumped again Tuesday as Hurricane Ivan charged towards the oil-rich Gulf of Mexico and an explosion rocked Iraq&#39;s recovering oil industry.
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Oil prices rose on Wednesday, stemming  an eight-session slide that has dragged prices down 14 percent  from record highs as news emerged of a fresh pipeline fire in  Iraq.
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Oil prices rose on Wednesday, stemming an eight-session slide that has dragged prices down 14 percent from record highs as news emerged of a fresh pipeline fire in Iraq.
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Crude-oil prices rebounded Friday but remained below $50 a barrel after declining 4 percent in the last week due to rising US supplies of crude and natural gas.
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Global oil prices rallied to fresh highs on Friday with US crude approaching $49, driven by escalating violence in Iraq and unabated demand growth from China and India.
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Oil prices stopped a five-day slide on  Friday on renewed supply concerns after fresh Iraqi pipeline  attacks outweighed an end to a three-week uprising in the city  of Najaf.