Oil firm above $60 after rally, eyes US stockdraw
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Oil dipped below $60 a barrel on Wednesday, as dealers took some profits from gains following an extended disruption to Alaskan crude exports and on expectations of a decline in fuel stocks in the United States.
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Oil prices rallied to a record above  $55 a barrel Monday on concerns over a winter fuel supply  crunch, and as traders took comments from a top U.S. official  to mean high prices have yet to really dent U.S. demand.
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Oil held firm near $96 a barrel on Thursday after a three-day rally as traders awaited a sixth-weekly decline in U.S. crude inventories and attached a bigger supply-risk premium to Turkish bombing in northern Iraq.
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Oil prices climbed back above $59 a  barrel on Wednesday ahead of an expected sharp fall in weekly  U.S. distillate stocks as a blast of cold weather boosted  heating fuel demand in the world's top consumer.
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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 held firm within sight of its new $90 high on Friday as another slump in the U.S. dollar to a record low and rising fears over pre-winter fuel stocks lent support to an over 13 percent surge in under two weeks.
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The price of oil jumped back above 90 dollars on Friday, helped by a recovery in global stock markets on the back of plans for a stimulus package to prevent the US economy falling into recession, traders said.
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Oil held above $61 on Wednesday as   dealers balanced an expected swelling in robust U.S. winter   fuel inventories against a warning from producer cartel OPEC   that it may take action to stabilize tumbling prices.
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Oil prices rallied further on Monday,  clawing back toward $50 a barrel for U.S. crude on heightened  concerns over low supplies of winter heating fuels.
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US stocks rose on investors&#39; hopes for a year-end rally, while the dollar eked out gains and oil advanced again on Thursday as OPEC ministers supported supply cuts by applying official output quotas.
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World oil prices rose to a new record high above 55 US dollars a barrel Friday, stirring fears of 60-dollar-a-barrel New York crude, as concerns about the global supply of heating
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Oil prices edged higher on Wednesday  ahead of weekly U.S. inventory data expected to show a fall in  crude stockpiles but rising product tanks.
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Oil prices climbed toward $47 a barrel  on Thursday after bullish fuel stocks data in the United States  and a series of production hitches across the globe.
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Oil prices rallied to a record above $55 a barrel Monday on concerns over a winter fuel supply crunch, and as traders took comments from a top US official to mean high
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Oil rose more than $1 to over $61 a barrel on Thursday after U.S. government data showed a sharp fall in fuel supplies last week.
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World oil prices vaulted to record highs Friday, stirring fears of $US60 a barrel for New York crude, as traders sweated over tight US energy stocks and rampant, China-driven demand.
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NEW YORK : A late rally lifted US stocks Wednesday after a sluggish start, as investors brushed off a new record high crude oil price above 52 dollars and bet on improving economic data.