Fall in US oil inventory pushes prices higher
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WASHINGTONâCrude futures prices surged above $48 (US) per barrel yesterday as oil production and shipping disruptions caused by Hurricane Ivan prompted domestic supplies to shrink more than expected.
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Oil futures prices have jumped 5 percent higher, climbing above $44 a barrel in the United States Wednesday after US government data showed a slight decline in crude and heating oil supplies as colder weather in the Northeast drove up
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Oil prices drop by nearly 7% as US government data showed a larger-than expected increase in crude inventories.
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Oil futures prices fell sharply Monday, sinking below $50 a barrel on a continuation of last week&#39;s selloff, which was prompted by rising inventories of crude in the United States.
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Oil prices rose on Friday as worries a  cold spell in the United States could erode already depleted  winter fuel inventories spurred the market higher.
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Oil prices bounced higher Friday following two days of sharp declines that came on the heels of rising inventories of crude in the United States and a move by China to cool its economy.
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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 fell Wednesday after the government reported that US inventories of crude rose 3.4 million barrels last week, surprising many traders and analysts who had expected to see supplies shrink because of lingering output problems
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Oil prices rose in early trading Wednesday after the government reported that supplies shrank more than expected following production and shipping disruptions caused by Hurricane Ivan.
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Oil prices rose a dollar on Friday as  worries a cold spell in the United States could erode already  depleted winter fuel inventories spurred the market higher.
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Oil prices bounced higher on Friday after two days of sharp declines that came on the heels of rising inventories of crude in the US and a move by China to cool its economy.
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Oil prices edged upward Wednesday in anticipation of a report showing declines in U.S. crude and gasoline supplies.
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Oil prices jumped from a four-month low  on Wednesday as slow growth in U.S. heating fuel inventories  heightened fears for tight winter supplies.
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Oil prices bounced higher yesterday following two days of sharp declines that came on the heels of rising inventories of crude in the United States and a move by China to cool its economy.
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U.S. stocks rose on Wednesday as crude  oil futures fell more than $1 a barrel on bigger-than-expected  increases in heating oil and gasoline inventories.
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LONDON  - Oil prices see-sawed, failing to sustain a brief rally on news of a surprise fall in US distillate stockpiles, including heating fuel, and an unexpectedly small increase in crude inventories.
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OIL prices dropped from record highs above $50 a barrel yesterday as weekly US inventory data showed a surprise increase in crude stocks, easing fears over stretched international supplies.