Update 23: Crude Prices Stay Above $50 Per Barrel
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Oil lingered above the $50 per barrel threshold in Asian trade Wednesday, breaching the mark for the second straight day ahead of key US crude stockpile data.
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WASHINGTON -- Oil prices inched closer to $50 a barrel yesterday even as the Bush administration offered to tap the nation's emergency stockpile of crude on behalf of refiners whose supply was disrupted by Hurricane Ivan.
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NEW YORK, December 2  - Crude oil futures steadied at under $46 per barrel in early morning trade today, after declining by more than $3 per barrel yesterday on reports of higher-than-expected increases in the US supplies of crude oil
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Oil prices were little changed on Thursday, holding above &#36;43 a barrel despite latest data showing rising stocks of winter heating fuels in the United States as mild weather suppressed demand.
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Crude oil topped $50 per barrel during Asian trading today, pushing past the psychological milestone for the first time then surging further to new record levels likely to unsettle oil-consuming nations.
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Crude oil futures eased slightly Monday but remained close to the $50 a barrel level amid lingering concerns about shortages of heating oil at the start of the Northern Hemisphere winter.
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Oil prices are pushing past the psychological barrier of $50 a barrel Tuesday. Prices are rising in part because of the slow recovery of production in the Gulf of Mexico following Hurricane Ivan.
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Crude oil continued to move upwards to fresh highs in Asian trade today, hitting a new mark of $52.53 US per barrel as the market took stock of a possible strike in Nigeria and the sluggish revival of output in key Gulf of Mexico oil
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TORONTO - Crude oil prices hit an all-time high Tuesday, pushing past the psychological barrier of $50 US per barrel during Asian trading.
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Oil prices stepped back from this  week's eight percent rout on Friday, holding well above $50 a  barrel as analysts said it would take more than China's mild  interest rate rise to stem demand growth from the world's  second largest user.
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NEW YORK -- Crude oil futures briefly climbed back over $50 a barrel yesterday, with worries over the security of Nigerian supplies supporting prices despite a surprise increase in US crude inventories.
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Crude oil futures rose to within a quarter of $50 a barrel Monday after a gas leak shut down a North Sea oil production platform and as traders weighed concerns about heating oil supplies against the fact that temperatures have been mild in recent weeks.
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Oil prices rose Tuesday but stayed within the range the market has maintained since early October.
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Crude oil prices rose 45 cents to $41.77 per barrel on the New York Mercantile Exchange. Heating oil futures were up by 1.13 cent to $1.2221 per gallon on Nymex.
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NEW YORK - Oil prices ended above the $50-a-barrel mark last week amid concern over possible conflict in Nigeria&#39;s oil-producing delta region, where a two-day truce between rebel militia and government forces is holding.
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SINGAPORE - Crude oil topped $50 per barrel during Asian trading on Tuesday, pushing past the psychological milestone for the first time then surging further to new record levels likely to unsettle oil-consuming nations.    Traders bid oil to new highs in after-hours trading on the New York Mercantile Exchange in a reaction to the slow recovery of U.S...
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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...