Oil prices surged past the $83-a-barrel level on Thursday, near record highs, after a US inventory report showed lower-than-expected stockpiles.
Supply fears sent US sweet light crude up $1.78 to $83.08 a barrel, near its $83.90 high set on 20 September.
US crude stocks fell by 1.7 million barrels last week, according to the US department of energy. A gain of one million had been expected.
The news also pushed up London Brent Crude by $1.55 to $80.15.
World oil prices have been rising since the beginning of the year on the fear that supply will be unable to cope with rising demand.
In addition, some investors have bet heavily that the price of crude oil must rise further, pushing up prices even higher.
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