Iraq output rises; oil futures fall
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Oil futures fell yesterday after Iraq, the sixth-largest supplier to the United States, boosted shipments to tankers to normal rates for the first time in two weeks.
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NEW YORK, December 15  - Oil futures prices rose this morning after the US Energy Department reported a marginal decline in the countryâs supplies of crude and heating oil.
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U.S. oil prices rose on Monday as Iraq's oil exports continued at more than 30 percent below normal after sabotage attacks on pipelines.
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Oil prices extended losses 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 rose on Friday, stemming five  days of heavy losses as fresh sabotage attacks on Iraqi oil  infrastructure despite a peace deal in Najaf renewed concern  over the country's supplies.
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Crude oil prices rose for the third day in a row Friday with the latest attack on Iraq&#39;s oil infrastructure keeping supply worries front and center.
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Crude oil futures fell for a third day as Iraq, the sixth-largest supplier to the US, increased shipments to tankers for the first time in two weeks.
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Oil prices rebounded on Tuesday as  fresh violence rocked Iraq ahead of elections later this month  and as Saudi Arabia, OPEC's top producer, said it is making  good on a pledge to cut output.
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Oil rises back above $91 a barrel after weekly US crude stockpiles fall much more sharply than expected.
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Oil prices hit fresh highs on Friday, lifting U.S. crude above &#36;49 a barrel, driven by escalating violence in Iraq and unabated fuel demand growth from China and India.
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Oil prices struck another record high on Thursday and remained supported above $47 by a fall in US crude stockpiles and threats by insurgents in Iraq against oil facilities.
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Oil prices rebounded Tuesday on fresh violence in Iraq ahead of elections this month and as Saudi Arabia, OPEC's top producer, said it has followed through with a pledge to cut output.
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U.S. oil futures set a new record &#36;47.01 a barrel on Wednesday after a new threat against Iraq's oil sector by rebel Shi'ite militia.  U.S. crude traded up 26 cents to set a new high in the 21-year history of the New York Mercantile Exchange contract.
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U.S. oil prices rose on Monday as Iraq's  oil exports continued at more than 30 percent below normal  after sabotage attacks on pipelines.
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Oil futures dropped by nearly $1 per barrel Monday despite pipeline sabotage in Iraq that has delayed exports from a southern port - reinforcing the view among traders that prices had risen too fast earlier this summer.
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Oil prices rose on Friday, stemming five days of heavy losses as fresh sabotage attacks on Iraqi oil infrastructure despite a peace deal in Najaf renewed concern over the country&#39;s supplies.
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Oil prices climbed nearly a dollar on Monday, moving above &#36;46 a barrel on escalating sabotage at Iraqi oil facilities and the risk that a U.S. cold spell would strain thin winter fuel supplies.