Oil Surges Over $48 After Supply Drop
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Oil prices climbed to within a dollar  of a new record on Wednesday after the U.S. government reported  a big decline in oil stockpiles because of disruptions from  Hurricane Ivan.
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LONDON - Oil&#39;s record-breaking rally lifted US crude beyond $52 a barrel this week, fueled by the impact of Hurricane Ivan on US winter inventories.
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Crude oil surged to a four-week high, bringing the gain this week to almost $3 a barrel, on concern that shutdowns caused by Hurricane Ivan would further reduce inventories.
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Global oil prices soar after a decline in US petrol and oil inventories that was larger-than-expected.
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Crude futures prices surged above $48 per barrel Wednesday as oil production and shipping disruptions caused by Hurricane Ivan caused domestic supplies to shrink more than expected.
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Oil prices surged to yet new record  highs Tuesday, driving U.S. crude above $54 as global supply  outages thwart efforts to build winter heating fuel  inventories.
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The price of crude oil surged above $50 a barrel in after-hours trading yesterday, raising fears of an economic slowdown and higher prices at the gas pump.
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Oil prices struck a fresh record above  $48 a barrel on Thursday, spurred higher by renewed violence in  Iraq and fresh evidence that strong demand growth in China and  India has not been slowed yet by higher energy costs.
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Oil prices broke into fresh record  territory above $52 on Thursday on heightened concerns over  tight winter heating fuel supplies.
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Oil prices jumped to record highs  above $54 on Tuesday as supply hitches hindered efforts to  build winter heating fuel inventories. They later shed more  than a $1 a barrel as traders took profits from the surge.
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Crude oil futures prices briefly shot above $48 a barrel Friday as already strong concerns about heating oil supplies ahead of winter were stoked by a reported refinery outage in Venezuela.
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World oil prices surged nearly 4  percent on Friday on worries the U.S. hurricane season would  continue to hamper energy production and imports in the Gulf of  Mexico, delaying vital stock-building ahead of winter.
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Oil prices climbed above $47 a barrel today, after figures showed supplies in the U.S. were down for a third consecutive week.
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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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Crude futures climbed above 48 dollars a barrel Wednesday as US Energy Department reported that domestic supplies fell more than expected.
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NEW YORK - Oil prices jumped to record highs above US$54 on Tuesday as supply hitches hindered efforts to build northern hemisphere winter heating fuel inventories.
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Oil prices jumped to a new record high near &#36;47 on Monday with traders on tenterhooks for the result of Venezuela's weekend referendum and Iraq's exports again disrupted by a Shi'ite uprising in the south.