Oil prices charge toward $50 a barrel; gasoline prices surge
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Oil prices charged toward $50 a barrel Monday, and gasoline prices surged to $1.92 a gallon last week, as petroleum output in the Gulf of Mexico returns at a slower-than-expected rate after Hurricane Ivan and geopolitical unrest keeps traders on edge.
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Oil prices rallied further on Monday,  clawing back toward $50 a barrel for U.S. crude on heightened  concerns over low supplies of winter heating fuels.
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WASHINGTON - Crude oil prices soaring to nearly $50 a barrel have heightened concerns that sustained high energy costs could drag the slowing US and world economies into a more serious downturn.
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Oil prices were hovering close to last weekâs record high today after breaking through the $50 mark again. Production problems in the Gulf of Mexico due to the impact of Hurricane Ivan continued to have
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Rallying oil prices climbed to within a dollar of &#36;50 a barrel early on Monday as a blizzard enveloped the U.S. Northeast, boosting demand for heating oil.
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Crude oil prices jumped beyond $50 a barrel yesterday, renewing concerns that sustained high energy costs will further weaken the US economy.
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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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The price of oil settled above $50 a barrel for the first time Friday amid concerns about tight supplies globally and hurricane-related production problems in the Gulf of Mexico.
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The price of oil settled above $50 a barrel for the first time Friday amid concerns over tight supplies globally and hurricane-related production problems in the Gulf of Mexico.
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Drivers in Britain are facing further increases in petrol prices after crude oil prices reached all-time highs, surging past $50 a barrel.
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Consumers and homeowners, largely unaffected by rising oil prices over the summer, are beginning to see sharp increases in energy and utility costs as crude oil topped the $50-a-barrel mark yesterday and analysts remained unsure when volatile trading markets would calm down.
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LONDON: World oil prices surged into new record territory above $50 a barrel Tuesday as traders took fright at a multitude of supply threats, including unrest in Nigeria and recent hurricanes.
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U.S. oil prices flirted with $50 on  Tuesday, jumping to their highest level in eight weeks after a  fire at a big Louisiana refinery slowed the plant's fuel  production.
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Crude oil prices near $50 a barrel  spurred an attempt by John Kerry's campaign on Friday to  re-inject gasoline price concerns into the election-year  debate.
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Oil prices raced to new record highs above $50 on Tuesday, despite a pledge by OPEC producer Saudi Arabia to increase production, as rebel threats against Nigerian oil facilities threatened to inflict further strain on global supplies
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Oil prices rallied further on Monday,  clawing back toward $50 a barrel on heightened concerns over  low supplies of winter heating fuels.
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Oil prices soared to a new record above $50 yesterday as uncertainties over Nigerian output heightened worries of a severe supply disruption ahead of winter.