Oil rally stalls after mention of output hike
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NEW YORK - Oil's record rally stalled yesterday after an OPEC minister said the group could not rule out another output hike and may call an early formal meeting next month in Saudi Arabia.
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Oil prices held firm on Wednesday as  Hurricane Ivan closed off crude output and shut refineries in  the Gulf of Mexico, while OPEC's Gulf producers tried to  reassure traders by recommending an output hike.
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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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CAIRO  - OPEC ministers played down the significance of an indifferent market reaction to their output cut to shore-up sliding oil prices, insisting that prices would climb again next week.
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Oil prices eased on Friday as OPEC looked set to keep output unchanged at its meeting this weekend, although concern ahead of Sunday's election in Iraq limited the fall.
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Oil prices held strong Friday after a &#36;2, five percent surge higher as OPEC ministers weighed the timing of a possible further output cut for the spring.
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NEW YORK - A sharp drop in oil prices gave Wall Street a modest relief rally Monday, with stocks edging higher on news that oil production had soared during the month of September.    Investors who have sold stocks for months as oil prices climbed reversed course Monday and started buying as the price of crude declined...
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Oil prices backed away from record  highs on Wednesday as signs that $50-plus crude is crimping  demand growth prompted traders to lock in profits from the  market's 23 percent surge since mid-August.
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Oil turned higher again on Tuesday after retreating from record highs in response to concerns about the U.S. economy and further indications OPEC has already substantially raised oil output.
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Oil fell on Thursday as traders took profits from a record rally that had pushed oil to $100 a barrel two days in a row -- a level that has raised a red flag over global economic growth.
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Oil halted a three-day slide to rise above $96 a barrel on Tuesday on expectations of a continuing drop in crude stocks in top consumer the United States and signs OPEC will not raise output.
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NEW YORK - A sharp drop in oil prices gave Wall Street a muted relief rally Monday, with stocks edging higher after falling earlier in the session. Blue chips moved in and out of negative territory due to fears that the dip in oil prices would be temporary...
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Oil jumped to near $91 a barrel on Friday, lifted by a broad stock market rally amid optimism about a U.S. economic stimulus plan aimed at warding off a recession in the world's top energy consumer.
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World oil prices held firm on Friday after pipeline sabotage in northern Iraq kept up supply fears that have revived a powerful price rally.
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Opec members have split on whether their output should be increased in a bid to boost global supply that might cause oil prices to drop.
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No. 1 exporter pledges to hold production levels but is wary of boosting quotas and glutting market. VIENNA  - OPEC is keeping its foot on the production pedal in a bid to drag down oil prices, but
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Oil&#39;s rally wavered on Thursday, but worries over the security of Nigerian supply supported prices despite an easier US crude inventory picture and news that Russia&#39;s YUKOS would resume full supply to China.