Oil Rebounds After Iraq Pipeline Attack
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Oil prices rose on Friday as a sabotage  attack on Iraqi oil infrastructure reignited concern about the  reliability of crude exports from the country despite a peace  deal to end an uprising in Najaf.
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Oil prices rose on Friday, stemming five days of heavy losses as fresh sabotage attacks on Iraqi oil infrastructure renewed concern over the country's supplies, despite a peace deal in Najaf
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Oil bounced back above $70 a barrel on   Wednesday, recovering from a 10-week low, as traders   anticipated Iran would fail to meet a looming U.N. deadline to   halt its atomic fuel program.
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Iraqi engineers have fixed most of the damage caused by a sabotage attack earlier this month on the main pipeline carrying Iraqi oil to Turkey, but the country is still depending on a network of substitute lines to export crude, an official with the North Oil Co. said Monday.
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Oil rebounded on Tuesday after  falling nearly 3 percent a day earlier, as the specter of a  recession in the United States haunted traders who fear it will  diminish oil demand from the world's biggest consumer.
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Oil prices surged to a new high of $47 a  barrel on Wednesday after a new threat by rebel militia against  Iraqi oil facilities and as the United States said inflation  had stayed in check despite rising energy costs.
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Oil prices rose on Wednesday, stemming  an eight-session slide that has dragged prices down 14 percent  from record highs as news emerged of a fresh pipeline fire in  Iraq.
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Oil prices rebounded Friday but remained below $50 US a barrel after declining four per cent over the past week due to rising US supplies of crude and natural gas.
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US oil prices rose on Monday as Iraq&#39;s oil exports continued at more than 30 percent below normal after sabotage attacks on pipelines.
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Oil prices rebounded slightly Thursday as traders took advantage of a drop in prices the day before sparked by a surge in U.S. distillate supplies.
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Oil prices rebounded Tuesday on fresh violence in Iraq ahead of elections this month and as Saudi Arabia, OPEC's top producer, said it has followed through with a pledge to cut output.
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U.S. oil prices climbed above $43 on  Monday as energy companies operating in the Gulf of Mexico  braced for possible widespread output disruptions from a  powerful hurricane and Iraq saw some of the bloodiest violence  in weeks.
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Oil rises back above $91 a barrel after weekly US crude stockpiles fall much more sharply than expected.
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Crude futures settled near $44 a barrel in light, pre-holiday trade Thursday as another pipeline attack in Iraq followed news that authorities in Moscow effectively re-nationalized the main production unit of Yukos.
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Oil prices rebounded on Tuesday as  fresh violence rocked Iraq ahead of elections later this month  and Saudi Arabia, OPEC's top producer, said it is making good  on a pledge to cut output.
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Oil prices rose on Monday as cold  weather in the U.S. northeast pushed heating oil prices higher  and after sabotage again disrupted Iraq's oil exports.
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Crude oil prices surged again Wednesday, rising above $47 a barrel amid lingering concerns in supply from Iraq and Russia.