Crude futures trade above $49 a barrel after Norwegian supply snag
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Crude oil futures traded above $49 a barrel Monday after a gas leak shut down a North Sea oil production platform and as traders weighed concerns about heating oil supplies this winter against
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Aug. 20 (Bloomberg) -- Crude oil futures rose to a record, surpassing $49 a barrel in New York, on concern clashes in southern Iraq between US troops and Shiite Muslim militiamen may cut exports.
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Crude oil futures hit $US50 in electronic after-hours trade in New York, setting a new record as supply worries intensified. In regular trading the November benchmark contract for light sweet crude on the
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WASHINGTON Oil prices climbed toward $49 per barrel Thursday even as the Bush administration considered drawing crude from the US emergency stockpile and lending it to refiners whose supplies were disrupted by Hurricane Ivan.
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Crude oil futures briefly surpassed $50 a barrel Tuesday before closing lower amid concerns about low US heating oil inventories ahead of winter.
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Oil prices surpassed $53 a barrel Friday on lingering concerns about winter fuel supplies in the United States, operational snags in the Gulf of Mexico and petroleum industry strife in Nigeria and Norway.
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Crude oil futures in New York, after passing US$49 a barrel, may rise further next week on increasing concern that shipments will be curtailed just as demand accelerates, a Bloomberg survey of traders and analysts showed.
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Crude oil prices briefly rose above 55 dollars a barrel today, as traders continue to worry about supply ahead of winter. Crude for November delivery hit 55 dollars, 33 cents
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Crude oil for delivery next month settled at $46.05 a barrel, down 53 cents, on the New York Mercantile Exchange after briefly trading at a new high of $46.91 early in the day.
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Oil prices climbed to a seven-week  high above $49 a barrel on Tuesday as a cold front swept into  the U.S. Northeast, stoking winter fuel demand.
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Crude futures prices traded near two-month lows on Wednesday after the US government reported that commercially available oil supplies increased for the eighth straight week.
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Crude oil prices neared US$49 per barrel Friday as Gulf of Mexico crude production rebounded at a slower pace than analysts had expected.
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Oil prices stayed close to $49 a  barrel on Thursday, supported by a forecast for an early cold  snap in the United States that could put a strain on a thin  supply cushion of winter heating fuel.
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Crude oil prices settled at $49.64 a barrel, up 76 cents as traders expressed concern that recent hurricanes had hurt output in the United States.
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Severe cold weather in the north east of the United States forces oil prices above $49 a barrel, a seven week high.
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With traders fearing an interruption in exports, crude futures for September delivery traded in New York rose to $49.40 a barrel.
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Oil prices pushed above $49 a barrel  on Monday, approaching record levels as worries about the  stability of supplies from Iraq, Nigeria and Russia compounded  concerns over low fuel stocks ahead of winter.