Oil Tumbles as OPEC Holds Steady
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Oil prices tumbled below $47 on  Monday after OPEC producers agreed to keep crude output  unchanged for now and Iraq's elections passed without  disruption to oil exports.
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Oil prices held above $75 a barrel on Wednesday as traders awaited data that is expected to show U.S. crude stocks fell last week and an OPEC meeting next week where supply is likely to remain unchanged.
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Oil prices slid early on Monday after  several OPEC producers signaled the cartel could wait until its  mid-March meeting to make any production cuts.
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Oil prices dipped below $62 on Monday, extending last week's losses, as concern over brimming global fuel inventories offset a likely second OPEC supply cut and news of deepening Saudi export curbs.
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Oil prices eased but held over $76 on Monday, as expectations OPEC will maintain supply curbs on Tuesday countered weak U.S. jobs data that raised concerns of a recession in the world's top consumer.
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Oil held steady below $91 on Tuesday, supported by hopes of a fresh cut in U.S. interest rates due to its fragile economy, coupled with forecasts for a draw in American distillate stocks and OPEC to maintain output levels.
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Oil prices steadied Friday, after  Thursday's 5 percent surge, as OPEC producers signaled their  readiness to defend prices by cutting global supply.
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Oil prices stayed on the boil above &#36;53 a barrel on Monday, bolstered by persistent anxiety over OPEC member Nigeria and the nearly month-long loss of a quarter of U.S. Gulf of Mexico production, traders said.
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Oil dropped nearly 3.5 percent to below $58 on Monday as OPEC members including Saudi Arabia signaled the group would probably keep output stable when it meets in March and as U.S. winter supply concerns eased.
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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 fell on Tuesday as concerns about U.S. economic health and signs OPEC was ramping up output pulled prices further from the record $90 struck last week.
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Oil held above $61 on Tuesday after   rebounding from a six-month low as speculators fear a deepening   fall could prompt OPEC to rein in output.
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Oil fell below $77 a barrel on Monday as some funds booked profits after OPEC expressed concern over near-record prices and pledged to pump more crude if needed.
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VIENNA -- Consumers received no solace yesterday from OPEC, which said oil prices near $50 per barrel would remain high through the spring, even as the cartel decided to keep its production ceiling unchanged.
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Oil prices fell again Thursday as worries over supply disruptions eased. New York light sweet crude ended the day just over $43, and OPEC president Purnomo Yusgiantoro said the cartel hoped
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Oil prices fell on Monday, extending the previous session's decline, after remarks by oil producer group OPEC that it was concerned about the potential impact of high oil prices on the global economy.
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Oil prices slid on Monday, drifting  toward $90 a barrel as a weak close on Wall Street spurred some  profit taking, although expectations that OPEC will maintain  its production curbs this week limited losses.