&lt;i&gt;Oil:&lt;/i&gt; Prices rise as Opec considers curbing supply
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LONDON - Oil prices rose for the second day in a row on Thursday as several Opec ministers called for the cartel to stop producing more oil than its official target to prevent a glut next year.
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OIL prices edged higher in Asian trading today as the market waited for a decision by OPEC ministers on whether to cut the cartel&#39;s production when they meet in Egypt later today.
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Oil prices rose for the second day in a row on Thursday as several OPEC ministers called for the cartel to stop producing more oil than its official target.
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Oil prices climb a dollar to tip beyond $70 a barrel in London as fears over supplies increase.
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Oil prices rise amid colder weather in the US and speculation that oil cartel Opec might cut output.
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VIENNA, Austria -- Oil prices rose above $62 a barrel Thursday as OPEC delegates said they had agreed in principle to leave production unchanged for now but set the stage for a likely cut of half a million barrels a day in February.
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The price of oil jumped above $48 a barrel Monday on concerns about tight winter fuel supplies mixed with speculation that OPEC may scale back output.
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Oil prices climb after a report shows a bigger drop than expected in US oil stocks, a day before a crucial Opec meeting.
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Oil prices are rising as hopes of a rise in production from next week's Opec meeting dwindle.
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The price of oil is on the rise as fears grow that Hurricane Ivan could disrupt oil supplies from the Gulf of Mexico.
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Oil prices climbed above &#36;41 a barrel on Monday after Saudi Arabia cut January crude deliveries to clients in Asia, confirming that the top exporter was adhering to OPEC's agreement last week to curb excess supply.
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World crude prices climbed on Tuesday, as Qatar&#39;s energy minister said OPEC would not move next week to increase the cartel&#39;s oil output to battle tight global supplies amid strong energy demand.
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Analysts say OPEC could cut of oil production quota on Fridayâs meeting if US oil prices keep sliding. LONDON - Oil prices rebounded Monday after falling sharply last week on receding supply worries, buoyed
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Prices of crude oil on the world market will go up after the Organization of Petroleum Exporting Countries (OPEC) decided Friday to cut oil production by1 million barrels a day, said a Mexican analyst on Sunday.
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Crude oil prices may rise if OPEC ministers meeting in Nigeria this week decide to reduce oil output again because of worries that non-OPEC supplies may rise at a greater rate than  world oil demand in 2007, the U.S. Energy Information Administration warned on Wednesday.
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Crude oil futures rose above $42 a barrel Wednesday after government data showed an increase in US fuel supplies. Traders were also focused on an upcoming OPEC meeting at which the group could trim output in response to falling prices.
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Oil prices rise above $63 a barrel after the president of the Opec producers cartel says he favoured another cut in output.