Oil prices jump after US reports lower supplies
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Oil futures prices bolted 5 percent higher yesterday, climbing above $44 a barrel after US government data showed a slight decline in crude and heating oil supplies
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The price of crude reaches a new high in the US,  driven up by official data showing a decline in heating oil stocks.
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Oil prices rebounded Friday but remained below $50 a barrel after declining 4 percent over the past week due to rising US supplies of crude and natural gas.
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Oil futures prices fell Wednesday after an American government report showed US supplies of crude rising sharply, allowing traders to shrug off the fact that inventories of heating oil are still tight.
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Oil prices surged more than 2 percent  on Wednesday amid worries a possible OPEC output cut this  spring could quickly sap swelling crude and gasoline stockpiles  in the United States.
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The price of oil futures jumped sharply Wednesday when a disappointing decline in the US heating-oil supply trumped growth in the crude stockpile.
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Crude-oil futures surged almost $2 a barrel, the biggest increase in two months, after the Energy Department reported that US oil supplies declined more than expected.
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Oil prices surged nearly $2 a barrel Wednesday following two bombings in the capital of Saudi Arabia and after the US government reported that winter fuel supplies shrank last week.
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Oil prices fell sharply Wednesday after a government report 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 production problems in the wake
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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 surged within touching distance of record highs after an unexpected fall in US crude stockpiles fanned supply fears.
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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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NEW YORK - Oil prices jumped to record highs above US$54 on Tuesday as supply hitches hindered efforts to build northern hemisphere winter heating fuel inventories.
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Oil prices jumped a dollar on Thursday  after the U.S. government said crude stocks fell to a fresh  five-month low last week and distillate fuel inventories barely  grew ahead of winter.
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Oil prices climbed back to $54 a barrel on Thursday as a US government report showed another fall in heating fuel stocks ahead of winter.
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The price of oil surged yesterday on news that US inventories had fallen for the third week in a row.
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Oil prices leaped more than a dollar on  Friday on renewed concern over tight supplies of distillate  fuels in Europe and the United States ahead of the northern  hemisphere winter.