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New York, Oil Timeline Saturday, August 16     Author
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Oil price surges above $143 a barrel

World News
    New York (181)
        Business (76)
            Oil

                2007 (2)
                2006 (1)
                2005 (2)
                2004 (4)

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Oil price per barrel reached $147.02
Jul.11
  OPEC's president predicted prices may reach $170 by the Northern summer
Jun.30
  Light, sweet crude for August delivery rose $3.31 a barrel in electronic trading on the New York Mercantile Exchange, by midday in Europe
Jun.16 Oil at record near $140 a barrel  The price of crude hit $139.89 , a new high of close, despite Saudi Arabia agreeing to increase output in July Jun.6 Oil price soars as US woes mount
  The price of oil has made a record jump to nearly $139 a barrel, gaining more than $10 - its biggest-ever one-day rise
Oil prices soar above $134 a barrel  Crude oil is extending big gains from the previous day and racing toward an all-time high May.22 Oil soars to new record over $135
  The price of oil is more than twice what it cost a year ago. The latest surge was driven by fallen US supplies of crude
Apr.18 Crude hits record $117 per barrel  Oil and gasoline futures surged to a new trading record following an attack on a key pipeline in Nigeria

year 2007 Top ^

Tons of oil spill into Yellow Sea Jun.6 Oil prices rise on cyclone, unrest  Prices rose over $71 a barrel after news Turkish troops conducted operations in Iraq rekindled concerns over escalating tensions

year 2006 Top ^

Apr.21 Oil breaks through record $75  There are fears of a supply disruptions in Iran and Nigeria and reports of gas shortages on the U.S. East Coast

year 2005 Top ^

Jun.23 Oil price hits $60 a barrel level  Light sweet crude for August delivery closed at $59.42 amid strong demand Giant Caspian oil pipeline opens

year 2004 Top ^

Oct.22 Oil price rises above $55 a barrel  Petroleum supply crude data has shown 5 weeks of falling inventories of distillate fuel Oct.7 Oil climbs to $53 price peak  US prices have reached a fresh record high amid surging demand and worries over possible global supply shortages Sep.27 Oil rises to $50
  Rising tension in Nigeria has pushed U.S. crude oil futures to the psychological level
Aug.20 Oil nears key $50-a-barrel mark  Fresh violence in Iraq has seen oil prices surge to $49.27 a barrel



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