Oil steadies after fall below $60
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Oil prices steadied on Thursday as   traders caught their breath from a near $4 fall in two days,   fueled by signs of prolonged talks over Iran and an unexpected   sharp rise in already bulging U.S. fuel inventories.
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Oil steadied near $66 a barrel on   Tuesday, with bargain-hunting traders ending a six-day retreat   after Iran sounded a softer note on its atomic program and OPEC   agreed to keep production steady for now.
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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 fell below $60 on Friday as investors doubted 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 prices settled at a seven-month low yesterday, as rising global supplies, slack demand and a mild Atlantic hurricane season forced geopolitical worries to the back burner.
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Oil slid for a third day on Wednesday  but remained in a narrow trading range below $60 a barrel with  little impetus to break out in either direction.
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U.S. oil prices were steady on Thursday, holding gains of nearly &#36;2 from a day earlier after a U.S. government report showed crude oil stocks falling to their lowest level in five months.
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Oil prices fell below $60 a barrel on   Wednesday for the first time in six months on swelling U.S.   winter fuel stocks, but top exporter Saudi Arabia said the   market may have fallen enough.
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Oil prices held firm on Friday after  leaping almost $2 a day earlier as the U.S. government said  crude stocks sank for the sixth straight week and distillate  fuels barely grew ahead of winter.
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Oil steadied above $65 a barrel on   Tuesday, taking a breather from a six-day retreat after Iran   sounded a softer note on its atomic program and OPEC agreed to   keep production steady for now.
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Oil prices fell on Monday,  threatening to test a new six-month low under $60 a barrel as  news of BP restoring output at Prudhoe Bay added to a sense of  healthy supplies, while demand growth questions loomed large.
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Oil steadied near $66 a barrel on   Tuesday, with bargain-hunting traders ending a six-day retreat   after Iran sounded a softer note on its atomic programme and   OPEC agreed to keep production steady for now.
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The price of oil fluctuates around $60 a barrel, as US inventory data is tipped to show a drop in stocks.
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U.S. oil prices steadied near  one-month lows on Tuesday, holding most of their 9 percent  losses since the end of January, on rising stockpile levels and  mild winter weather in the world's biggest consumer.
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Oil prices steadied on Friday,  stemming heavy losses this week, with a bout of cold weather in  the United States expected to keep up demand for heating fuels  over the weekend.
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Crude oil prices traded below $60 a barrel today for the first time in six months, and ended the day at $61.40.
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Oil fell below $60 a barrel on Friday as investors doubted OPEC's resolve to carry out a planned supply cut and fuel inventories swelled in the United States, the world's top consumer.