Oil Rebounds $1 as Heating Supplies Fall
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Oil prices rebounded from seven-week lows Wednesday, jumping $1 as a drawdown in US heating fuel stocks rekindled worries about thin supply levels ahead of the northern winter.
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Oil rose nearly $1 on Monday to match its highest in almost a month, extending last week's late gains as Venezuela threatened to halt oil exports to the United States and bomb alerts shut down one of Britain's largest gas fields.
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Light crude turns higher after report shows a fresh fall in US heating oil and diesel fuel stocks. NEW YORK (CNN/Money) - Oil prices surged back above $54 a barrel on Wednesday as a fresh fall in US heating oil stocks stoked worries over winter supplies.
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Oil prices charged back up to $55 a  barrel on Wednesday as a fresh fall in U.S. heating oil stocks  stoked worries over winter supplies.
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Oil prices jumped from a four-month low on Wednesday as slow growth in US heating fuel inventories heightened fears for tight winter supplies.
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Oil jumped to near $91 a barrel on  Friday, lifted by a broad stock market rally amid optimism  about a U.S. economic stimulus plan aimed at warding off a  recession in the world's top energy consumer.
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Oil prices ticked higher on Tuesday after dropping 1 percent a day earlier as traders were torn between supply anxieties in Nigeria and the looming end of winter oil demand in top consumer the United States.
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U.S. stocks rebounded on Wednesday  morning as oil prices fell sharply after a higher-than-expected  rise in crude stocks trumped a drop in distillate inventories.
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Oil prices rebounded Friday but remained below $50 US a barrel after declining four per cent over the past week due to rising US supplies of crude and natural gas.
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Oil rebounded from sharp recent losses  on Friday as China reported a fresh record in crude imports and  a U.S. cold snap was expected to keep up demand for heating  fuels.
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Oil prices surged more than $1 on Wednesday as the re-election of President Bush countered the impact of a big increase in spare oil supplies ahead of winter.
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Oil prices rose 1 percent on Tuesday after bad weather forced a loading halt at Alaska's main export terminal and analysts forecast a drawdown in U.S. fuel stocks ahead of winter.
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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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Crude oil prices rebounded Friday after declining over the past week as traders worried about supply disruptions in Iraq and Nigeria.
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Oil rebounded by more than $1 to over   $64 on Monday as buyers emerged after a steep slide and BP   announced that production from its giant Thunder Horse oil   platform in the Gulf of Mexico would be delayed to 2008.
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Oil prices abruptly ended a losing  streak on Wednesday, jumping nearly $1 after a U.S. government  report showed heating oil stockpiles down 16 percent from last  year ahead of winter.
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Oil prices ticked higher on Tuesday  after dropping 1 percent a day earlier as traders were torn  between supply anxieties in Nigeria and the looming end of  winter oil demand in top consumer the United States.