Oil Prices Rise After Steep Fall
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Oil prices rose Tuesday, recovering some ground lost when prices fell more than $1 a barrel a day earlier as traders monitored the weather and OPEC production cuts
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London - Oil prices climbed on Thursday, reversing some of the losses seen late the previous day as disruption to production in the Gulf of Mexico continued due to Hurricane Ivan.
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Oil rose more than a dollar past $97 a barrel on Thursday, on falling U.S. crude stocks and mounting geopolitical tensions after the killing of Pakistani opposition leader Benazir Bhutto.
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U.S. stocks rose on Wednesday on  investor relief that oil prices fell sharply after a  higher-than-expected rise in crude stocks last week.
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Oil prices climbed back to $54 a barrel on Thursday as a US government report showed another fall in heating fuel stocks ahead of winter.
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Oil prices bounced higher on Friday following two days of sharp declines that came on the heels of rising inventories of crude in the US and a move by China to cool its economy.
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Oil rose above $98 a barrel before falling back on Monday as reports of rising tensions in the Middle East outweighed concerns of demand outlook in top consumer United States from a feared economic recession.
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Oil prices nudged higher for a second   day on Monday, struggling to end their steepest slump in more   than a decade amid robust winter fuel stocks and easing   geopolitical and weather risks to oil supplies.
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SINGAPORE, DEC 6: Oil prices inched up from a three-month low on Monday as traders caught their breath after last weekâs 14% dive and considered a possible output reduction at Opecâs upcoming meeting.
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Oil prices rose more than $1 a barrel Wednesday following reports of at least one explosion in the capital of Saudi Arabia and after the US government reported that winter fuel supplies declined last week.
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Oil prices climbed back above $59 a barrel on Wednesday as a blast of cold weather boosts heating oil demand in the United States and OPEC supply cuts quicken the seasonal fall in crude stocks in industrialized countries.
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Oil prices soared Friday as worries about heating fuel supplies and technical trading factors pushed prices sharply higher.
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Oil prices briefly climbed back over $50 on Tuesday, pushed higher by supply outages in the North Sea and fears about low stocks of winter heating fuels.
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LONDON : World oil prices sprinted up to new one-month high points as traders showed alarm at a steep fall in US crude oil inventories in the wake of Hurricane Ivan.
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LONDON - World oil prices ticked up from a three-month low on Monday as traders looked for Opec to take action to stem a slide which knocked 14 per cent off crude prices last week.
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Oil prices rose for a second day on   Friday, after a brief mid-week dip below $60 a barrel, as   investors bet that a six-week slump driven by rising U.S.   inventories and easing Iran tensions could be coming to an end.
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Oil prices surged more than two dollars on Wednesday as the US government reported a fall in heating oil stocks and cold weather gripped the US.