Norway threat eases; supply data set for Wednesday
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SAN FRANCISCO (CBS.MW) -- Crude-oil futures climbed back above $55 a barrel Tuesday to match last week&#39;s record close as traders turned their attention back to heating fuel ahead of this week&#39;s updates on US petroleum supplies.
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Oil prices eased on Monday, tracking a  big sell-off in sky-high heating oil futures as dealers  expected rising production and a stretch of mild U.S. weather  to boost winter stockpiles.
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Oil prices eased on Friday as swelling  crude stockpiles countered worries over a cold snap in the U.S.  Northeast that is expected to keep furnaces fired up until the  middle of next week.
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Oil prices traded marginally lower on  Wednesday ahead of key U.S. data, which was expected to show a  rise in heating fuel supplies as mild winter temperatures  suppressed demand in the United States.
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Crude oil futures eased a shade Tuesday in range-bound trade as analysts predicted a weekly US oil inventories report could show a rise in stocks.
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A Statoil ASA production rig shut down after a gas leak may be out of operation for several weeks, the company said Tuesday, cutting Norway&#39;s estimated daily production by more than 9 percent.
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Crude oil futures eased slightly Monday but remained close to the $50 a barrel level amid lingering concerns about shortages of heating oil at the start of the Northern Hemisphere winter.
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Crude oil futures steadied at under $46 a barrel Thursday, after healthy US inventory data eased fears about a supply crunch over the Northern Hemisphere winter.
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OSLO : Norway&#39;s oil production faces a total shutdown in mid-November after oil sector shipowners threatened to stage a lock-out to end a strike that has weighed on the industry since July.
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Crude futures eased slightly Thursday after a US government report showed another boost in supplies ahead of the Northern Hemisphere winter.
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Oil prices eased on Tuesday as fears of  supply disruptions in Venezuela and Russia receded following a  convincing referendum victory for Venezuelan President Hugo  Chavez and after Russia's YUKOS said it had received an  assurance on September exports.
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WASHINGTON -- Better than expected performance in the US manufacturing sector in February helped calm investors yesterday, even as economists cautioned that one month's worth of data is not a cause for too much optimism.
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New York - Oil prices pulled back from fresh highs Monday, as the Norwegian government ordered striking workers back to the job, ending a labour dispute that threatened the output of the world&#39;s third-largest exporter of crude.
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Oil prices edged below $49 a barrel  on Wednesday as traders looked ahead to an expected build in  weekly U.S. inventory data that would help bolster the thin  supply cushion ahead of peak northern winter demand.
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Oil eased near $60 on Wednesday  following big gains the previous day spurred by disruption of  Alaskan crude exports and ahead of U.S. government data  expected to show declining stocks of heating and transport  fuels.
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Oil prices eased on Thursday but held near $61.50 a barrel after a climb the previous day on unexpectedly large falls in U.S. fuel inventories.
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Oil prices hit new highs on both sides of the Atlantic this morning as a threat by Norwegian shipowners to halt production from the world&#39;s third biggest exporter fuelled fears of a winter supply crunch.