Oil Above $51 a Barrel on Supply Outage
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Oil prices leaped above $51 a barrel  on Tuesday as a prolonged U.S. production outage following  Hurricane Ivan attracted fresh speculative buying.
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London - Oil prices roared to new record highs yesterday, within a whisker of $51 a barrel, on worries about supplies from the Gulf of Mexico, where almost 30 percent of production remains shut.
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U.S. oil prices held above $46 a  barrel on Tuesday on worries of a major supply disruption at a  time when producers are pumping at full tilt to meet strong  demand.
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ARIS, Aug. 18 - Oil prices climbed above $47 a barrel on Wednesday, setting yet another record, after figures showed supplies in the United States were down for a third consecutive week and a report from OPEC highlighted the threat of high ...
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Oil prices are holding near historic highs over $53 a barrel, with global supplies hounded by outages that were thwarting efforts to build US heating oil inventories ahead of the winter.
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Crude oil futures traded near a record after rising above $51 a barrel yesterday on concern hurricane damage to production platforms in the Gulf of Mexico will keep supplies from rising enough to meet winter demand.
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WASHINGTON - Oil prices darted above $51 a barrel Tuesday as output in the Gulf of Mexico remains in shambles more than two weeks after Hurricane Ivan tore through the region.    Even as the advance in crude futures begins to appear unstoppable, with traders saying $55 a barrel seems possible, some analysts are convinced a speculative bubble has formed...
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US oil prices held above $46 a barrel on Tuesday on worries of a major supply disruption at a time when producers are pumping at full tilt to meet strong demand.
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Oil prices have moved above $54 a barrel after the government reported a decline in the supply of distillate fuel, which includes heating oil.
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WASHINGTON -- Oil prices shot up above $48 US per barrel yesterday after the US government reported that supplies shrank more than expected following production and shipping disruptions caused by hurricane Ivan.
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Oil prices rose on Wednesday as  outages that have knocked about a million barrels daily from  world supply outweighed U.S. government data showing a build in  distillate stocks.
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Crude oil futures traded near a record after rising above $ 51 a barrel yesterday, on concern that Gulf of Mexico producers won&#39;t fix hurricane damage fast enough to meet winter demand.
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LONDON - Oil prices hovered near $50 per barrel Tuesday after a Saudi Arabian oil official said the world's largest petroleum exporter would raise its production capacity by nearly 5 percent in a bid to calm markets.    Light sweet crude for November delivery was up 16 cents at $49.80 per barrel in late morning trading on the New York Mercantile Exchange, retreating from the $50.47 high reached in overnight electronic trade...
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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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Oil prices briefly climbed back to $50  on Tuesday on supply outages in the North Sea and fears about  winter heating fuel supplies.
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OIL prices hit a new record yesterday, near $51 a barrel, as a prolonged US production stoppage following Hurricane Ivan attracted fresh speculative buying.
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PARIS Oil prices hit a new record of nearly $51 a barrel in New York Tuesday as traders turned their attention to the Gulf of Mexico, where production is still suffering delays caused by Hurricane Ivan.