Oil holds below $58 on signs of steady OPEC output
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Oil hovered below $58 a barrel on Tuesday, after it slid $2 the previous day on signs OPEC will keep output stable when it meets in March.
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VIENNA: OPEC is keeping its foot to the pedal on oil production in a bid to push crude prices back below $40 a barrel. Risking a counter-seasonal fourth quarter build in world crude stocks, Saudi Arabia will
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Oil prices held below $50 on Wednesday as a fresh jump in US crude oil inventories tempered the impact of President George W. Bush&#39;s move towards victory in the US election.
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Oil prices fell by more than a dollar on  Friday as OPEC looked set to keep output unchanged at its  meeting this weekend and on forecasts for warmer weather in the  U.S. Northeast next week.
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Oil prices held above $75 a barrel on Wednesday as traders awaited data that is expected to show U.S. crude stocks fell last week and an OPEC meeting next week where supply is likely to remain unchanged.
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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.
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Oil fell below $60 a barrel on Friday as investors doubted OPEC's resolve to carry out a planned supply cut and fuel inventories swelled in the United States, the world's top consumer.
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London Brent crude slid below $58 on Tuesday but remained in a $57-$60 a barrel range that has defined the market for the past three weeks.
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BEIRUT: Oil hit a four-month low Friday despite OPEC&#39;s decision to cut output by around 4 per cent in a bid to reverse the recent sharp fall in prices.
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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 prices tumbled below $47 on  Monday after OPEC producers agreed to keep crude output  unchanged for now and Iraq's elections passed without  disruption to oil exports.
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Oil steadied near $60 on Monday after   briefly sliding to a six-month low on abundant supplies in top   consumer the United States and fears that slower U.S. economic   growth would stunt demand for fuel.
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Oil prices held steady on Friday just hours ahead of a key meeting of the OPEC producers' cartel, which was expected to agree to curb crude output running above the group's official production limits.
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Oil prices eased but held over $76 on  Monday, as expectations OPEC will maintain supply curbs on  Tuesday countered weak U.S. jobs data that raised concerns of a  recession in the world&#39;s top consumer.
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Opec's president says oil supply is adequate as Brent crude hits a record $46 a barrel and US light crude hovers 4 cents below its all-time record.
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Oil prices held steady on Thursday  unfazed by a fall in crude supplies in the United States, where  stocks are more than 20 million barrels above levels a year  ago.
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Oil dipped below $86 on Tuesday, giving up early gains in response to concerns about the health of the U.S. economy and further indications OPEC has already substantially raised oil output.