Oil prices rise, but more declines expected
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Oil prices bounced higher yesterday following two days of sharp declines that came on the heels of rising inventories of crude in the United States and a move by China to cool its economy.
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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 rose $2 on Friday on renewed  concern over tight supplies of distillate fuels in all main  consuming centers ahead of the northern hemisphere winter.
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Oil prices eased further on Thursday,  deepening the previous day's three percent fall after a  surprise increase in U.S. fuel stocks eased worries about  meeting peak winter demand.
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Oil rose on Tuesday, adding to sharp gains made the previous session on expectations that a cold spell in the U.S. Northeast this weekend would boost demand in the world's biggest heating oil market.
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Oil prices climbed more than $2 higher  on Friday on renewed concern over  supplies of distillate fuels  in all main consuming centers before the Northern Hemisphere  winter.
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Oil prices extended recent losses Wednesday in anticipation of that another increase in crude supplies will be accompanied by a rise in heating fuel inventories.
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Oil prices bounced higher Friday following two days of sharp declines that came on the heels of rising inventories of crude in the United States and a move by China to cool its economy.
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Another increase in oil prices due to concerns over Hurricane Ivan&#39;s effect on oil exploration in the Gulf of Mexico didn&#39;t have a large impact on trading.
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Oil prices edged higher on Thursday from a heavy drop the day before as renewed violence and sabotage attacks in Iraq revived fears over supply disruptions.
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Oil prices rise again as traders weigh up supply issues and the geopolitical tensions building in the Middle East.
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Energy futures rose but retreated from earlier highs Tuesday after the government reported a surprisingly large drop in crude oil inventories and accompanying declines in gasoline supplies and refinery activity.
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Oil prices fell Wednesday after the government reported that US inventories of crude rose 3.4 million barrels last week, surprising many traders and analysts who had expected to see supplies shrink because of lingering output problems
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OIL prices rose from three- month lows yesterday as political unrest overseas renewed concerns about supplies, while some Organisation of Petroleum Exporting Countries members started talking about cutting production to protect their incomes.
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Oil prices bounced higher Friday following two days of sharp declines, but traders said they expect prices to move lower again by early next week in anticipation of the Energy Department's next petroleum supply report.
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Oil prices climbed above $42 a barrel  on Wednesday, rising for the third day in a row as the heavy  consuming U.S. Northeast feels the first chills of winter.
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Oil prices climbed more than $2 higher on Friday on renewed concern over supplies of distillate fuels in all main consuming centers before the Northern Hemisphere winter.