Oil prices break through $93 mark
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Oil prices rise to yet another record high due to concerns over tensions between Turkey and Iraq.
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NEW YORK (CP) - The price of crude oil continued gurgling up to new highs Thursday, touching $53 US per barrel in morning trading on the New York Mercantile Exchange.
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Oil prices have continued their record-breaking run on Wednesday, busting through the $47-mark amid concerns that demand will outstrip supply.
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OIL&#39;S RECORD-breaking rally took US crude over US$52 a barrel yesterday fuelled by the impact of Hurricane Ivan on US winter inventories.
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ARIS, Aug. 18 - Oil prices climbed above $47 a barrel today, setting yet another record, after figures showed supplies in the United States were down for a third consecutive week while a report from OPEC highlighted the threat of high oil ...
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Crude oil prices passed $49 per barrel today, striking fresh record levels amid heightened concern about supplies in Iraq.
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The price of oil finally broke through the $50-a-barrel mark today, a milestone never seen before.
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Oil leapt to a record high for a third day on Monday, surpassing $93 as Mexico briefly halted one-fifth of its production and the dollar struck new lows.
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Oil surged beyond $90 to a new peak on  Friday as tight fuel stocks ahead of winter and a softening  dollar spurred investor buying.
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Oil prices struck a fresh record above  $48 a barrel on Thursday, spurred higher by renewed violence in  Iraq and fresh evidence that strong demand growth in China and  India has not been slowed yet by higher energy costs.
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PARIS Crude oil prices rose to a record Thursday, reaching $53 for the first time amid continuing disruption to US production and a threat to Nigerian output from worker unrest.
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Oil prices hit a fresh intraday record high Wednesday, passing $80 a barrel for the first time ever, after the government said supplies of crude oil fell far more than expected.
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Oil prices broke into fresh record  territory above $52 Thursday on heightened concerns over tight  winter heating fuel supplies.
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Oil prices broke above $100 a barrel for the first time on Thursday after a U.S. government report showed a steep slide in crude inventories in the world's biggest energy consumer.
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Oil held near $93 per barrel on Monday in thin trade, pressured by an uncertain economic outlook for top oil consumer the United States and a firmer dollar, but supported by concerns over shrinking world oil stocks.
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World oil prices surged to historic highs Friday, breaching 92 dollars for the first time in New York on rising tension in crude-rich Iran and tight US energy supplies, analysts said.
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Oil vaulted to a record $100 a barrel on Wednesday as geopolitical turmoil, tight energy stockpiles, and a weak dollar triggered a flood of speculative buying, dealers said.