Crude oil prices climbed to within a penny of $114 a barrel, setting new records as concerns mounted about global supplies.
Light, sweet crude for May delivery rose as high as $113.99 a barrel for the first time on the New York Mercantile Exchange before settling at $113.79, up $2.03 from Monday’s record settlement price of [...]

Oil prices steadied Wednesday above $113 a barrel after setting a record on growing concerns about insufficient global supply.
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Oil surged to an all-time high of $114.08 a barrel Tuesday after a high-profile report by the International Energy Agency said Russian oil production dropped this year for the first time in a decade.
Analysts said growing investor [...]

Oil prices hit all-time highs above $115 a barrel Thursday with reports that oil and gasoline stocks in the United States were lower than expected and as the dollar hit record lows.
Light, sweet crude for May delivery rose as high as $115.52 a barrel in electronic trading on the New York Mercantile Exchange. It [...]

Oil set a record above $115 a barrel on Thursday as a drop in U.S. gasoline inventories raised concern of tighter supply and a weak dollar boosted investor demand for commodities.
A U.S. government report on Wednesday showed a surprise drop in crude inventories and a larger-than-expected decline in stocks of gasoline. Demand for the motor [...]

Oil prices hit an all-time high above $115 a barrel Thursday amid concerns about sagging U.S. gasoline supplies ahead of the peak demand of the Northern Hemisphere summer.
The U.S. Energy Department said Wednesday that inventories of gasoline fell 5.5 million barrels last week, a much bigger decline than forecast by analysts surveyed by Dow Jones [...]

Oil prices rose to an intraday trading record above $112 a barrel Tuesday after the U.S. dollar fell further and crude supplies to the U.S. and elsewhere were disrupted.
The main driver of crude’s rally was a decline in the greenback relative to the euro on Monday, analysts said. Crude oil’s recent run above $100 a [...]

Oil futures rose slightly with the dollar’s latest decline pushing concerns about the economy and demand into the shadows.
Light, sweet crude for May delivery rose 36 cents to settle at $101.22 a barrel on the New York Mercantile Exchange.
The modest gain was hardly part of a trend, and followed a session in which prices alternated [...]

Oil prices soared more than $4 a barrel as lower-than-expected fuel inventories and another dollar drop brought buyers out in force for the first time in a week.
Light, sweet crude for May delivery rose $4.68 to settle at $105.90 a barrel on the New York Mercantile Exchange.
The Energy Department’s Energy Information Administration (EIA) said gasoline [...]

Although analysts said the EIA report of a 6.9 million-barrel decline in refined products last week was positive for refiners, many think refiners are far from out of the woods, as high crude prices and weaker demand for gasoline and diesel are likely to persist.
“We expect refiners to continue limiting production of gasoline in the [...]

Oil prices have plunged Monday at least temporarily retreat to record levels, investors were concerned that the financial crisis that forced the sale of Bear Stearns is a sign of deep economic difficulties.
Oil slump - falling $ US4.53 to settle at $ US105.68 barrel on the New York Mercantile Exchange - came hours after futures [...]