Oil Inches Towards the 55 Dollar Milestone
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Crude oil futures inched toward the 55 dollar milestone today, a day after US officials announced a decline in their countryâs inventory of heating oil, heating a market already on edge over tight supplies, high demand and unrest in key producers.
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Crude oil futures rose to a record $55.39 a barrel in New York after the release of a report showing that the Chinese economy grew more than expected last quarter.
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Oil prices soared to another record high of almost 55 US dollars a barrel on Thursday as Washington reported another fall in heating fuel stocks before winter.
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PARIS The price of oil, which has been inexorably rising for the past two years, finally broke through the $50-a-barrel mark Tuesday, reaching a new milestone as some analysts warned that there was nothing to stop prices from rising even further.
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Oil prices climbed again Friday, closing above $55 a barrel for the first time on conercns of domestic shortages in the upcoming winter.
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Oil prices made fresh gains above $55 a barrel on Monday led by record-breaking heating oil prices on fears of a winter supply crunch.
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Oil prices surge past a record $55 per a barrel in Asian trade, amid concerns over winter fuel supplies.
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World oil prices marched towards $55 today on worries about low stocks of US heating fuel and tight crude supplies, amid strong demand ahead of the northern hemisphere winter.
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Crude oil prices hit another milestone Wednesday, as the benchmark US crude touched $47 a barrel, with traders awaiting key inventory data due out later today.
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Oil prices rose to record highs on  Monday, pushing crude in London above $50 for the first time  and extending a relentless rise that has added around 65  percent to the cost of crude this year.
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Oil prices held strong on Friday not far below the $55-a-barrel mark as traders worried time is running out to top up low heating oil inventories before winter.
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LONDON  - World oil prices marched towards 55 dollars on worries about low stocks of US heating fuel and tight crude supplies, amid strong demand ahead of the northern hemisphere winter.
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SAN FRANCISCO (CBS.MW) -- Crude-oil futures climbed back above $55 a barrel Tuesday to match last week&#39;s record close as traders turned their attention back to heating fuel ahead of this week&#39;s updates on US petroleum supplies.
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Oil futures prices briefly topped 55 dollars (US) a barrel after a report showed US supplies of distillate fuel, which includes heating oil and diesel, shrank for a fifth straight week.
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NEW YORK, October 18  - Crude oil prices increased to new record high levels for the third consecutive day, reaching $55.
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Oil scaled a new high above $55 a barrel  Monday as a threat by Norwegian oil and gas employers to halt  production from the world's third biggest exporter stoked fears  of a winter supply crunch.
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Oil prices held strong on Friday not far  below $55 as traders worried time is running out to top up low  heating oil inventories before winter.