Special Report: Chinese Oil Prices 

Oil prices retreat below 74 dollars after hitting record highs

    NEW YORK, April 24 (Xinhua) -- World crude oil prices, amid profit-taking and worries of supply in Iran and Nigeria, retreated Monday after hitting record highs.  Full Story>>

Soaring oil prices a major concern to world

    WASHINGTON, April 24 (Xinhua) -- Nymex crude oil prices fall below 74 U.S. dollars a barrel on Monday in profit taking after surging to a record high of more than 75 dollars per barrel last Friday and gaining about 5 dollars last week. However, the future oil prices and its impact on the world economic growth has once again become a major concern to the world. Full Story>>

Record oil prices cause great dislocations: US

    CAIRO, April 24 (Xinhua) -- U.S. Energy Secretary Samuel Bodman said on the sidelines of an international energy forum in Qatar on Monday that record oil prices were causing great dislocations in both the United States and the rest of the world, according to reports reaching here. Full Story>>

Oil prices close with record highs above 72 dollars

    NEW YORK, April 19 (Xinhua) -- World crude oil prices closed with record highs above 72 dollars Wednesday amid worries of supply in Iran and Nigeria, as U.S. energy stocks dropped. New York's main contract, light sweet crude for delivery in May, added 82 cents to close at 72.17 dollars a barrel, its highest closing price since 1983, after touching an intra-day high of 72.40 dollars.  Full Story>>

Oil prices rise above 71 US dollars

The chart shows oil hit a record $71.35 a barrel on New York Mercantile Exchange Tuesday, April 18, 2006, as Iran defied world pressure to halt its nuclear programme, raising new fears of a cut in supplies from the world's fourth biggest crude exporter. (Xinhua)

   NEW YORK, April 18 (Xinhua) -- World crude oil prices closed with record highs above 71 dollars on the eve of U.S. energy stocks weekly report Tuesday, amid worries of supply in Iran and Nigeria.

New York's main contract, light sweet crude for delivery in May, added 93 cents to close at 71.35 dollars a barrel, its highest closing price since 1983, after touching intra-day high of 71.60 dollars, the highest price since 1983. Full Story>>

World oil prices hit new record

   BEIJING, April 18 (Xinhua) -- World crude oil prices surged to fresh intraday highs on Tuesday, amid international tensions over Iran's nuclear program.

    New York's main contract, light sweet crude for delivery in May, rose 48 cents to 70.88 dollars a barrel in Asian electronic trading, surpassing the previous intraday record high of 70.85 dollars set on Aug. 30, when Hurricane Katrina lashed the U.S. Gulf Coast. Full Story>>

World oil prices end with record highs

 
Photo: Xinhua/AFP

    NEW YORK, April 17 (Xinhua) -- World crude oil prices closed at record highs Monday, amid worries of supply in Iran and Nigeria.

    New York's main contract, light sweet crude for delivery in May, added 1.08 dollars to close at 70.40 dollars a barrel, its highest closing price since 1983, after touching intra-day high of 70.45 dollars, the highest intraday price since Aug. 31. Full Story>>

Oil price breaks $70 mark as Iran nuke tension simmers

Photo: Xinhua/AFP

    BEIJING, April 14 (Xinhuanet)-- Brent North Sea crude oil was traded at 70.20 dollars a barrel for the first time on Thursday evening due to simmering tensions of Iran nuke issue.

    However Bloomberg News survey shows that crude oil may fall on speculation that surging inventories will reduce the impact of a possible disruption to Iranian exports. Full Story>>

World crude oil prices rise above 69 US dollars

(Photo: Xinhua)

    NEW YORK, April 13 (Xinhua) -- World crude oil prices rose above 69 dollars Thursday before the long weekend, amid worries of supply in Iran and Nigeria. Full Story>>

Oil prices to soar due to worsening Iran nuke issue

    BEIJING, April 13 (Xinhuanet)-- Oil prices retreated on Wednesday after report of U.S. crude stockpiles in the highest level since 1998, but analysts suggest the oil market has plenty of strength left in it and prices may hit 80 or 90 do llars a barrel.Full Story>> 

Oil prices fall as crude oil reserves rise to 8-year high

    NEW YORK, April 12 (Xinhua) -- World crude oil prices fell Wednesday but still hovered above 68 dollars, as traders took profits on the weekly data that U.S. crude oil reserves increased to the highest level in eight years. Full Story>> 

OPEC oil prices hit record high of $62.65

    VIENNA, April 11 (Xinhua) -- The Organization of Petroleum Exporting Countries' (OPEC) crude prices shot up to a record high of 62.65 U.S. dollars per barrel on Monday, following a consecutive price rise for two weeks, the OPEC Secretariat said on Tuesday. Full Story>>  

Oil prices hit $69 on supply worries

    NEW YORK, April 11 (Xinhua) -- World crude oil prices hit a seven-month high of 69 dollars Tuesday amid concerns that Iran's nuclear standoff and violence in Nigeria could undermine supplies. Full Story>>