Oil above $60 on US weather, dollar weakness, OPEC
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Oil stood above $60 on Tuesday after forecasts of a cold spell in the U.S. Northeast buoyed heating oil, and as a weaker dollar and a Saudi warning of possible new output curbs bolstered the market.
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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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Oil fell more than a dollar to below $62 a barrel on Monday as healthy fuel inventories in top consumer the United States countered plans by OPEC members Nigeria and Venezuela to trim output.
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SAN FRANCISCO (CBS.MW) -- Fueled by new supply worries in the United States and Nigeria, crude-oil futures made history Monday when the price topped $50 per barrel late Monday and one analyst said additional disruptions could push prices to $60 per barrel
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Oil prices climbed back above $59 a barrel on Wednesday ahead of an expected sharp fall in U.S. heating oil stocks as a blast of cold weather boosted demand in the world's top consumer.
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Oil fell below $60 a barrel on Friday as investors doubted OPEC's resolve to carry out a planned supply cut and fuel inventories swelled in the United States, the world's top consumer.
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Oil held above $61 on Wednesday as   dealers balanced an expected swelling in robust U.S. winter   fuel inventories against a warning from producer cartel OPEC   that it may take action to stabilize tumbling prices.
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Oil eased near $60 on Wednesday  following big gains the previous day spurred by disruption of  Alaskan crude exports and ahead of U.S. government data  expected to show declining stocks of heating and transport  fuels.
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Oil prices climbed back above $59 a barrel on Wednesday as a blast of cold weather boosts heating oil demand in the United States and OPEC supply cuts quicken the seasonal fall in crude stocks in industrialized countries.
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CRUDE oil prices pushed past the psychologically important $US50-per-barrel mark today and hit an all-time high as the market reacted to the slow recovery of US production in the Gulf of Mexico following Hurricane Ivan as well as unrest in key oil
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Oil prices climbed near $60 a barrel on Tuesday after bad weather disrupted loadings at Alaska's main export terminal and analysts forecast a drawdown in U.S. fuel stocks ahead of winter.
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Crude oil futures rose above $50 a barrel in New York on concern rebel attacks in Nigeria may reduce production while US inventories are near a 29-year low because of disruptions caused by Hurricane Ivan.
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Oil futures prices climbed above $46 a barrel yesterday after the US government reported that commercial inventories of crude and heating oil fell last week and as traders considered the effect of global supply snags and forecasts calling for colder weather.
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Oil prices climbed above $62 a barrel yesterday as colder weather drifted eastward across the United States and after government data showed shrinking supplies of crude, gasoline, and heating oil.
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Oil prices pushed through new highs above 55 US dollars a barrel Monday amid concerns over high demand and tight supplies ahead of the Northern Hemisphere winter.
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Oil prices climbed back above $59 a barrel on Wednesday as a blast of cold weather boosts heating oil demand in the United States and OPEC supply cuts quicken the seasonal fall in crude stocks in industrialised countries.
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OPEC will take one million barrels of oil a day off oversupplied world markets as soon as possible with its first output cut in more than two years, OPEC officials said on Thursday, sending oil prices back above $60.