Oil prices increase after Saudi attack
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Oil prices increased on Monday for the first time in a week, reaching $43 a barrel after the US consulate in Saudi Arabia was attacked, and amid growing concerns that OPEC may try to stabilize oil prices after last week&#39;s sharp sell off.
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Oil prices rise again as traders weigh up supply issues and the geopolitical tensions building in the Middle East.
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Oil prices surged nearly $2 a barrel yesterday following two bombings in the capital of Saudi Arabia and after the US government reported that winter fuel supplies shrank last week.
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Crude oil rose as reports of an explosion in Saudi Arabia&#39;s capital, Riyadh, boosted concern about security of oil facilities in the world&#39;s biggest oil exporter.
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WORLD oil prices rose yesterday as Hurricane Ivan charged towards the oil-rich Gulf of Mexico, where energy companies evacuated thousands of offshore workers and halted some production.
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Oil prices increased for a second day on Wednesday after the twin car bombings in the Saudi capital, Riyadh . US light crude oil prices finished at $43.64 a barrel, increasing by $1.87, or 4.47 percent, on the New York Mercantile Exchange.
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Oil prices were forced higher today by an outbreak of violence in Saudi Arabia and concerns that Opec may cut output. The cost of a barrel of light, sweet crude oil climbed to 43.31 US dollars after gunmen
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The Saudi announcement came after oil prices moved above the US$50 per barrel mark. Oil analyst Deborah White at Societe General bank, said: &quot;The Saudi announcement is not a surprise.
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Oil prices rose for a second day on Wednesday after twin car bombs exploded in Saudi Arabia&#39;s capital and the US government reported another decline in lean winter heating fuel stocks.
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Crude oil prices spiked above $92 a barrel Friday on tensions in the Middle East and renewed concerns about supply.
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Oil prices held above $46 a barrel on  Monday, supported by a blast of freezing weather in the United  States and renewed threats by Muslim militants to attack oil  facilities in the major exporting Middle East region.
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World oil prices rose Thursday, one day after hitting a record high 89 dollars, as traders absorbed geopolitical tensions in the crude-rich Middle East and rising US energy reserves.
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Oil prices rise above $71 a barrel as fears intensify over Mid-East instability and insufficient supply in the US.
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Oil prices have climbed for a second day after twin car bombs exploded in Saudi Arabia&#39;s capital, Riyadh, and the US Government reported another decline in lean winter heating fuel stocks.
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By George Chamberlin , Daily Transcript Financial Correspondent. Word of new terrorist attacks in Saudi Arabia on Wednesday sent oil prices higher and stocks lower.
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SINGAPORE : Oil prices pushed past 43 dollars in Asian trading but the market was quite calm as the focus shifted to OPEC following a bloody attack on the US consulate in the Saudi port city of Jeddah.
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Global crude oil prices rose on Monday after gunmen stormed a US consulate in Saudi Arabia, arresting a three-day, 13-percent price slide.