Oil firms under $70, trade muted on U.S. holiday
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Oil prices firmed on Monday after a   slide under $70 as dealers braced for several weeks of inaction   on Iran's nuclear dispute with the West.
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Oil steadied on Friday at around $59 a barrel in trade muted by the long U.S. Thanksgiving holiday weekend, after tumbling on a rise in stockpiles in top oil consumer the United States.
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Oil bounced back above $70 on  Wednesday after touching a 10-week low the day before, halting  a steep two-day slide as traders looked ahead to an expected  decline in U.S. crude and gasoline stocks and fretted over  Iran.
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Oil prices Monday scaled back following  last week's sharp gains but found support near $46 for U.S.  crude after Russian oil company YUKOS defaulted on some crude  exports.
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Red-hot oil prices cooled, easing below 50 dollars a barrel in New York after news of stronger-than-expected US inventories and oil in the United States and diminishing fears of unrest in Nigeria.
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Oil prices eased on Friday, but still  within sight of the $55-mark as traders feared time was running  out to top up low heating oil supplies before winter.
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Oil prices dipped below $46 on Tuesday in a third day of falls as a more optimistic Iraq export picture helped unwind some of the supply worries that have lifted the market to historic levels.
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Oil prices eased on Tuesday, as Middle East cyclone fears waned, but concerns over gasoline supply in the United States kept crude above the $70 mark.
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Oil eases towards $79 a barrel on Friday, as a hurricane subsided in the Gulf of Mexico, though prices held near the previous day's record high on supply worries ahead of peak winter demand.
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Oil prices push above $70 a barrel amid fears over US-Iran tensions and low US fuel stockpiles.
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U.S. blue chips were nearly unchanged  on Monday as a drop in oil company shares on sharply lower  crude prices offset reports of strong holiday sales from some  retailers.
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Oil dipped back below $64 a barrel on   Wednesday as traders await the debate among members of the U.N.   nuclear watchdog over Iran's atomic work.
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Oil prices steadied above $45 a barrel on Thursday, attempting to put a floor under a 7.4 percent tumble after a big increase in US heating oil stocks eased worries of a winter supply squeeze.
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Oil prices traded marginally lower on  Wednesday ahead of key U.S. data, which was expected to show a  rise in heating fuel supplies as mild winter temperatures  suppressed demand in the United States.
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U.S. stocks looked set to open flat on  Monday, with high oil prices expected to take center stage amid  light trading volume on the Columbus Day holiday.
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Oil prices slipped under $66 on  Monday, adding to last week's slide on an improved U.S. supply  picture and signs of easing tension over Iran's nuclear  program.
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The U.S. holiday shopping season got  off to a sluggish start with high oil prices and weak consumer  confidence hitting the key Thanksgiving weekend, according to  three retail indices released on Tuesday.