Oil holds near $91 on hopes for Fed cut
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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 hovered near $75 on Wednesday but  remained within sight of an all-time high ahead of U.S. data  expected to show a further tightening of crude stocks in the  world&#39;s top consumer.
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Oil prices held steady on Thursday as data showing stubbornly low U.S. heating fuel supplies ahead of winter stemmed a rout of nearly &#36;10 since late October.
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Oil prices stuck near $47 a barrel on  Monday as traders were torn between the seasonal ebb of demand  in the second quarter and the constant threat of an OPEC output  cut.
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Oil held steady on Friday, hovering at  about $99 a barrel, after falling the day before as traders  took profits from a record rally that saw crude prices spike to  over $100 a barrel.
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Oil eased to under $91 on Tuesday on profit-taking after an early rally.
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Oil prices held steady near $47 on  Wednesday, a day after striking another record peak as U.S.  inflation stayed in check despite scorching energy costs and  ahead of weekly data expected to show a drop in crude stocks.
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Now that oil prices are well into their descent, some analysts think it even more likely that the Fed will keep its foot off the brakes on Wednesday.
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Oil steadied at a seven-day high of   just under $63 a barrel on Thursday, following the previous   day's $2 leap as traders awaited clearer signs from OPEC on   whether it would cut output to counter swelling U.S. stocks.
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Oil held steady on Friday, hovering at about $99 a barrel, after falling the day before as traders took profits from a record rally that propelled crude prices to over $100 a barrel.
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Oil rose above $91 on Thursday, recovering from losses of more than $3 in the past two days, on concerns of escalating Middle East tensions after Israel carried out a missile test.
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Oil steadied above $89 on Wednesday after an emergency Federal Reserve interest rate cut halted a global financial market sell-off but failed to fully dispel fears of recession in the world's biggest oil consumer.
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Oil prices held firm, close to $47 a  barrel on Wednesday after U.S. data showed the disruption  caused by Hurricane Ivan had eaten into fuel stocks.
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Oil prices held steady on Tuesday after falling 2 percent a day earlier and were set for further falls in anticipation of higher U.S. crude stocks despite concerns over disruptions to Iraqi oil flow.
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Near-record oil prices will slow  U.S. economic growth but won't be enough to derail a  self-sustaining expansion, U.S. Federal Reserve officials said  on Monday.
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U.S. oil prices hovered near $47 a  barrel on Wednesday, awaiting data that was expected to show a  big drop in fuel stocks in the United States due to  weather-related disruptions to output and shipments.
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Oil held above $61 on Tuesday after   rebounding from a six-month low as dealers focused on whether   OPEC might trim output should prices fall further.