Oil Falls $1 as OPEC Holds Steady
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Oil prices tumbled on Monday after OPEC  producers agreed to keep crude output unchanged for now and  Iraq's elections passed without disruption to oil exports.
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Oil prices held above $75 a barrel on Wednesday as traders awaited data that is expected to show U.S. crude stocks fell last week and an OPEC meeting next week where supply is likely to remain unchanged.
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Oil prices fell $1 below record highs  on Tuesday as fears over supply disruptions in Venezuela eased  after President Hugo Chavez won a vote on his rule.
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Oil held steady below $91 on Tuesday,  supported by hopes of a fresh cut in U.S. interest rates due to  its fragile economy, coupled with forecasts for a draw in  American distillate stocks and OPEC to maintain output levels.
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Oil prices slid on Monday, drifting  toward $90 a barrel as a weak close on Wall Street spurred some  profit taking, although expectations that OPEC will maintain  its production curbs this week limited losses.
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Oil prices held steady on Tuesday, supported by anxiety over Middle East and Russian supplies and forecasts for a chillier first quarter in the United States after a mild start to the winter.
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U.S. oil prices fell to a one-month low  below $45 a barrel on Tuesday, under pressure from signs OPEC  would not cut production until its March meeting and on  forecasts of rising U.S. crude stockpiles.
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Oil prices tumbled on Monday after OPEC producers agreed to keep crude output unchanged for now and Iraq's elections passed without disruption to oil exports.
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Oil prices held steady on Tuesday,  supported by anxiety over Middle East and Russian supplies and  forecasts for a chillier first quarter in the United States  after a mild start to the winter.
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LONDON -- Oil prices fell but held above $61 a barrel yesterday as the market awaited OPEC's decision this week on whether to make further production cuts to shore up prices.
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Oil steadied above $62 on Friday as   burgeoning U.S. inventories and slower-than-expected economic   growth balanced possible action from some OPEC producers to   trim output to halt the decline in prices.
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Oil prices were steady near $61 a barrel on Wednesday after hitting a two-week low amid disagreement among OPEC members over whether to cut output.
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Oil prices held steady on Tuesday after falling 2 percent a day earlier and were set for further falls in anticipation of higher US crude stocks despite concerns over disruptions to Iraqi oil flow.
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Oil steadied near $60 on Friday as investors were cautious on OPEC's resolve to carry out a planned supply cut and fuel inventories swelled in top consumer the United States.
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Oil extended losses for the seventh   consecutive session on Tuesday, retreating to under $65 a   barrel after Iran sounded a softer note on its atomic program   and OPEC agreed to keep production steady for now.
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VIENNA -- OPEC will hold its oil production steady for now -- but it is casting a wary eye on prices as the cost of crude plummets to five-month lows.
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Oil prices held steady on Thursday  unfazed by a fall in crude supplies in the United States, where  stocks are more than 20 million barrels above levels a year  ago.