Oil prices rise after output cuts
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Global oil prices rise as Venezuela and Nigeria say they are cutting production.
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Oil rose on Monday, nearing $91 a  barrel, with prices supported by the closure of Mexico's oil  export terminals due to bad weather, as well as OPEC's  dismissal of calls to raise output.
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OPEC will take one million barrels of oil a day off oversupplied world markets as soon as possible with its first output cut in more than two years, a senior OPEC delegate said on Thursday, sending oil prices up nearly $1.50.
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Oil prices added to strong gains on  Thursday, spurred by persistent OPEC talk of a cut in supplies  that could drain healthy U.S. stockpiles before summer.
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Oil prices added to strong gains on Thursday, spurred by persistent OPEC talk of a cut in supplies ahead of the second quarter that could drain healthy U.S. stockpiles before summer.
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Oil prices rose on Monday as the OPEC  cartel said it might cut supply as the Northern Hemisphere  winter draws to a close.
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Oil prices climbed above $63 a barrel on Friday as dense fog delayed crude shipments to refineries along the U.S. Gulf Coast a day after OPEC agreed to cut output for a second time in two months.
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Oil prices rose for a second day on  Wednesday after the U.S. government reported a fresh decline in  lean winter heating fuel stocks.
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Crude oil prices rose for the second day Thursday as traders worries that the Organization of Petroleum Exporting Countries (OPEC) might trim excess oil output.
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World oil prices rose on Thursday as OPEC ministers gathering in Cairo raised the prospect of cutting output. New York&#39;s main contract, light sweet crude for delivery in January, climbed 59 cents to 42.53 dollars a barrel.
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WASHINGTON -- Oil prices settled above $60 a barrel yesterday on expectations that OPEC would soon cut its output, though a representative of Saudi Arabia denied there was a deal to reduce production.
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Oil prices rise amid colder weather in the US and speculation that oil cartel Opec might cut output.
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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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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 rose to near $63 a barrel on Friday, after BP Plc shut in output at an oil field in Alaska and OPEC members Nigeria and Venezuela pledged to cut production.
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Oil prices climbed above $41 a barrel  on Monday after Saudi Arabia cut January crude deliveries to  clients in Asia, confirming that the top exporter was adhering  to OPEC's agreement last week to curb excess supply.
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World oil prices rose on Friday,  building on gains of almost $2 in the previous session when the  U.S. government said crude stocks sank for the sixth straight  week last week and distillate fuels barely grew ahead of  winter.