Oil: Oil rebounds on supply woes, election jitters
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Oil prices bounced back on Friday, ending this week&#39;s 8 per cent slide on renewed winter supply fears and jitters ahead of next week&#39;s US presidential election.
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LONDON  - Oil prices rebounded on concerns that OPEC producers might announce a surprise cut in output quotas when they meet later this week, following a recent market sell-off, analysts said.
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Oil prices briefly climbed back over $50 on Tuesday, pushed higher by supply outages in the North Sea and fears about low stocks of winter heating fuels.
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NEW YORK -- Oil prices rose yesterday, reversing seven days of declines after the US government reported a decrease in the nation's crude inventories.
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Oil prices rose amid expectations a report will show U.S. crude stockpiles fell last week to post the seventh straight decline in inventories for the worldâs largest energy consumer.
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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 prices bounced nearly $2 to $44 a barrel yesterday after government and industry data showed a sharp drop last week in the nation's supply -- a surprise to most traders, who expected inventories to be steady or grow slightly.
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Oil prices have rebounded from seven-week lows as US heating oil stocks fell for an eighth straight week ahead of winter. US light crude was up 58 cents at $47.
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Oil prices climbed toward $47 a  barrel on Thursday after bullish fuel stocks data in the United  States and a series of production hitches across the globe  rekindled worries of a major supply disruption.
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U.S. stocks rebounded on Wednesday  morning as oil prices fell sharply after a higher-than-expected  rise in crude stocks trumped a drop in distillate inventories.
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Oil&#39;s rally wavered on Thursday, but worries over the security of Nigerian supply supported prices despite an easier US crude inventory picture and news that Russia&#39;s YUKOS would resume full supply to China.
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Oil prices rebounded quickly from a brief fall late last week as fierce fighting in the Iraqi city of Najaf overshadowed Iraq&#39;s resumption of full exports following a two-week disruption.
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Oil prices rose back above 50 dollars and stocks and the dollar gained as markets bet on an election victory by President George W. Bush, while remaining nervous about possible legal wrangling as Democrat John Kerry refused to concede.
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Uncertainty ahead of the U.S.  presidential election is playing some role in high oil prices,  but don't expect a big energy sell-off after the ballots are  counted, oil experts said on Tuesday.
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Oil prices rebounded from seven-week  lows on Wednesday as U.S. heating fuel stocks fell again ahead  of winter.
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NEW YORK - Oil prices recovered from seven-week lows on Wednesday, surging more than 3 per cent as a drawdown in US heating fuel stocks rekindled worries about thin supplies ahead of the northern winter.
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Oil prices rebounded from seven-week lows Wednesday, jumping $1 as a drawdown in US heating fuel stocks rekindled worries about thin supply levels ahead of the northern winter.