Crude oil prices hit new all-time highs: touch US$53 in New York
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NEW YORK (CP) - The price of crude oil continued gurgling up to new highs Thursday, touching $53 US per barrel in morning trading on the New York Mercantile Exchange.
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Crude oil prices in New York stayed higher Tuesday after passing 50 dollars per barrel as Nigerian rebels threatened oil output and Hurricane Ivan slashed production in the US Gulf of Mexico.
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Crude oil prices jumped above $51 a barrel yesterday, setting a fresh record amid a prolonged production shut-down in the Gulf of Mexico in the wake of Hurricane Ivan.
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NEW YORK, October 12  - World crude oil prices continued their upward rally today above $54 per barrel, rising to new record high levels for the sixth consecutive day.
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Oil prices have set new record highs above $54 a barrel for US crude, with global supplies hounded by outages that are thwarting efforts to build winter heating oil inventories.
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Aug. 18 (Bloomberg) -- Crude oil futures in New York traded near a record $46.95 a barrel as strengthening US economic figures boosted concern that production capacity may not be adequate to meet global demand.
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Oil prices set a new record at $53 a  barrel on Thursday on concerns over tight winter heating fuel  supplies and news that a strike in Nigeria had put some crude  exports on hold.
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Crude oil prices briefly hit an all-time high of US$50.69 on Tuesday as worries persisted over supply and unrest in key producers.
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NEW YORK : US share prices struggled as the crude oil price gushed to a record high in New York, passing 51 dollars a barrel for the first time.
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Oil prices scaled new heights at $53 for US crude on Thursday on concerns over tight winter heating fuel supplies and an unexpected strike at Nigerian oil terminals.
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Oil prices scaled new heights at $53 for U.S. crude Thursday on concerns over tight winter heating fuel supplies and an unexpected strike at Nigerian oil terminals.
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Crude oil prices surged to a record, exceeding $51 a barrel in New York for the first time, amid concern that hurricane damage to production platforms in the Gulf of Mexico will keep supplies from rising enough to meet winter needs.
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In New York the price of light sweet crude for November delivery climbed to an all-time peak of 50.47 dollars per barrel, the highest level since oil began trading on the New York market in 1983.
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Crude oil prices hovered close to their all-time high of US$53.80 in Asia on Tuesday, fueled by continuing worries over supply in Nigeria and reduced output in the hurricane-hobbled Gulf of Mexico.
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Global oil prices set a 10-month high, breaking through the $73 a barrel level due to high US petrol demand.
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The price of New York oil hit a fresh record high of 80.20 dollars a barrel Thursday on trader worries that stormy weather could hamper energy production in the US Gulf of Mexico.
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Crude oil prices pushed past the psychologically important US$50-per-barrel mark Tuesday to an all-time high of US$50.01 as the market reacted to the slow recovery of US oil production in the Gulf of Mexico following Hurricane Ivan.