Oil Eases from $49 High
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Oil prices hit fresh highs on Friday,  lifting U.S. crude above $49 a barrel, driven by escalating  violence in Iraq and unabated fuel demand growth from China and  India.
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Oil steadied above $64 on Thursday as   bargain hunters stepped in after a month-long rout and found   some support in a renewed U.S. push for immediate sanctions on   Iran, the world's fourth biggest crude exporter.
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Crude oil prices neared their all-time record high of $49.40 US as supply fears in Iraq and other key producers pushed up early trade Monday, while the market took stock of hurricane Ivan&#39;s impact on oil rigs in the Gulf of Mexico.
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Oil prices edged further below $49 a  barrel on Tuesday as the frigid U.S. Northeast looked ahead to  warmer conditions and some traders moved to the sidelines ahead  of Iraqi elections and an OPEC meeting.
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Oil prices fell Thursday after moving close to US$49 a barrel as markets digested news of a rise in crude inventories but lower-than-expected US heating oil stocks.
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Oil prices have stepped back from this week&#39;s eight percent rout, holding well above $50 a barrel as analysts say it will take more than China&#39;s mild interest rate rise
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Oil prices edged below $49 a barrel  on Wednesday as traders looked ahead to an expected build in  weekly U.S. inventory data that would help bolster the thin  supply cushion ahead of peak northern winter demand.
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Oil prices eased further on Tuesday, as  the head of the OPEC cartel said markets were well-supplied  with crude and traders continued to take profits from this  year's 40 percent rally.
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Oil prices eased to $45 a barrel on  Tuesday, extending a profit-taking set-back despite a looming  cold spell in the eastern United States and global supply  outages.
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LONDON - World oil prices eased slightly yesterday but remained close to record high points near 55 dollars a barrel as traders fretted about low inventories of US heating fuel heading into the northern winter.
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Oil prices slipped on Tuesday but remained well above &#36;48 a barrel as dealers weighed up whether a thin cushion of heating fuel in the United States would be sufficient to meet winter demand.
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Crude oil futures closed in on $49 a barrel yesterday as traders considered the possibility of another OPEC production cut, turmoil in Nigeria, and violence in Iraq ahead of the election.
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Oil extended a retreat from record highs on Monday, sliding towards $78 a barrel after tropical storm Ingrid faded in the Atlantic and eased fears it could hit rigs and refineries in the Gulf of Mexico.
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Oil prices edged below &#36;49 a barrel on Wednesday as traders looked ahead to an expected build in weekly U.S. inventory data that would help bolster the thin supply cushion ahead of peak northern winter demand.
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Oil slid towards $79 a barrel on Friday, as a hurricane subsided in the Gulf of Mexico, though prices held near the previous day's record high on supply worries ahead of peak winter demand.
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NEW YORK, December 2  - Crude oil futures steadied at under $46 per barrel in early morning trade today, after declining by more than $3 per barrel yesterday on reports of higher-than-expected increases in the US supplies of crude oil
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NEW YORK -- Oil prices neared $49 a barrel yesterday, capping a rise of 7 percent for the week, as Gulf of Mexico crude production rebounded at a slower-than-expected rate in the wake of Hurricane Ivan.