Crude oil prices remain high on heating oil supply concern
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Crude oil futures remained high Thursday as traders concerned that US heating oil supplies might be insufficient to meet winter demand.
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OIL futures prices rose in Europe today amid concerns about heating oil supplies at the beginning of the Northern Hemisphere winter.
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Investor's Business Daily - 1 Oct. crude shot up $1.68 to $79.91, an all-time high, after the gov&#39;t reported steeper-than-expected drawdowns in supplies. Those stocks fell 7.1 mil barrels last week, far more than the 2.4 mil barrels forecast. Heating oil surged 3.64 cents to $2.2191 a gallon, also a record. Analysts say heating oil supplies aren&#39;t as high as they should be this near to the winter season.
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Crude futures prices rose Monday on concerns about tight heating oil supplies ahead of winter, strong oil demand in China and fears about a planned petroleum-industry lockout in Norway.
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Crude oil prices rose for the third straight day Friday, hovering near $55 a barrel as heating oil futures hit another record high over supply concerns ahead of the Northern Hemisphere winter.
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Crude oil futures moved above $47 US a barrel on Tuesday, reflecting concern about tight distillate supplies despite expectations that a winter supply crisis will be averted.
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Crude oil futures continued to climb Friday, reaching a record high as decline in the US inventory of heating oil and tight supplies still overshadowed the energy markets.
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Oil prices rose on Wednesday as a U.S. government report showed heating fuel stocks in the world's largest energy consumer remained tight ahead of the winter, despite a small build in distillate supplies.
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Crude oil futures moved upward past US$47 Tuesday, reflecting concern about tight distillate supplies despite expectations that a winter supply crisis will be averted.
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Oil prices climbed more than $2 higher  on Friday on renewed concern over  supplies of distillate fuels  in all main consuming centers before the Northern Hemisphere  winter.
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Crude oil prices briefly hit an all-time high of $50.69 on Tuesday as worries persisted over supply and unrest in key producers.
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NEW YORK -- Oil prices rose above $70 a barrel yesterday, as persistently high fuel demand and concerns about possible supply disruptions in the Middle East and Nigeria offset news of increasing US inventories.
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Oil prices hit record highs again Wednesday, amid continuing concerns about the supply of crude oil. In New York, crude oil for future delivery hit an all-time high of $51.
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Oil futures prices surged to new heights above $55-abarrel on Friday as concerns about the global supply of heating oil persist ahead of winter in the Northern Hemisphere.
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Crude oil futures rose Friday as markets remained wary about a possible strike by oil workers in Nigeria and potentially low heating oil supplies at the beginning of the Northern Hemisphere winter.
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NEW YORK, October 26  - Crude oil prices resumed their upward rally to close at above $55 per barrel today, with a shift in focus back to the potential winter shortfall in the US inventories of heating oil, diesel and gasoline.
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SINGAPORE - Crude oil futures hovered around the US$55-a-barrel mark Wednesday on fears of a heating oil shortage ahead of the northern winter, and oil cartel OPEC urged Washington to release more oil from its strategic reserve to calm the market.