Crude oil futures rise ahead of long layoff
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Crude oil futures rose yesterday ahead of an extended weekend for traders, even though weekly government data showed rising domestic inventories of crude and distillate fuel, which includes heating oil.
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US crude oil futures climbed towards $46 a barrel Monday after Russia&#39;s Yukos suspended some oil exports to China and traders remained concerned about storm-related supply disruptions into the United States.
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Stock index futures pointed to a higher start to the year on Wednesday, bouncing back from the previous session's weak close and as oil prices above $97 a barrel could boost the energy sector.
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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 futures hovered near $50 a barrel Tuesday ahead of key weekly US petroleum inventory data, which traders expect to show a rise in distillate stocks for a second straight week.
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Crude oil futures prices rose Wednesday amid concerns about tight heating oil supplies and fears that OPEC could rein in output when it meets later this week.
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Crude oil futures prices climbed yesterday on the back of a rally in heating oil after the US government said the nation's supply of distillate fuel declined for the ninth consecutive week.
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Crude oil futures rose to a record in New York for a third day on speculation US demand for heating oil will deplete inventories this winter.
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Crude futures for September delivery traded in New York rose today to $49.40 a barrel, up 70 cents.
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Crude oil prices surged to a new high Monday on supply concerns ahead of the coming winter, a possible petroleum-industry strike in Norway and data showing that China&#39;s big demand for oil is likely to increase.
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Oil futures shot higher, closing above $100 for the first time as investors bet that crude prices will keep climbing despite evidence of plentiful supplies and falling demand.
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NEW YORK -- Oil futures rose to a new record of $100.09 a barrel Thursday after the government reported a larger-than-expected decline in crude oil inventories and an unexpected rise in heating oil supplies.
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Crude oil futures rose for a second day amid speculation demand for heating oil may gain in the US after weather forecasters said unseasonably warm weather predicted this week will end in early January.
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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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Crude oil futures rose for a second day after surging more than $2 a barrel yesterday when the government reported a decline in US heating-oil inventories and as below- normal temperatures this week boosted demand.
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NEW YORK : Crude oil futures jumped to a record high closing on the New York Mercantile Exchange Friday, as markets fretted over tight US supplies despite a decision to release small amounts from a strategic reserve.
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Crude oil traded near Friday s record close in New York on concern Chinese demand, which helped push oil prices up 70 percent this year, may rise faster than expected.