Oil eases after record $100 high
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Oil  prices ease after hitting $100 a barrel as the weak dollar and violence in Nigeria and Algeria boost prices.
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Oil prices broke over $100 a barrel for the first time on Thursday after a U.S. government report showed a steep slide in crude inventories in the world's biggest energy consumer.
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Oil on Tuesday extended a price slide  that has cut 12 percent from record highs in two weeks as  growing signs of ample supply eases concerns over fuel stocks  for the northern winter.
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SINGAPORE -- Oil prices jumped to a trading record above $98 a barrel Wednesday amid expectations of declining U.S. supplies and following news of an attack on a Yemeni oil pipeline.
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Oil prices held firm around $51 per barrel on Wednesday, hovering near record highs amid the sluggish recovery in US Gulf oil production and an anticipated decline in key winter fuel stocks, dealers said.
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Oil rallied to a fresh record high above  $92 a barrel on Friday as the dollar tumbled to a record low,  Washington imposed new sanctions on Iran and gunmen shut more  oil production in Nigeria.
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Oil prices drop back from a new record above $100, but fears high energy prices could stoke inflation hit stocks.
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Oil held near $97 a barrel on Friday, within sight of its record high, bolstered by a fall in U.S. fuel inventories and mounting tension in Pakistan and northern Iraq.
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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 futures shot to a new record above $100 for the first time since Jan. 3 as investors bet that crude prices will keep climbing despite evidence of plentiful supplies and falling demand.
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Oil fell on Thursday as traders took profits from a record rally that had pushed oil to the psychological $100 a barrel mark two days in a row -- a level that has raised a red flag over economic growth.
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Oil hit a record high above $79 a barrel on Wednesday, propelled by an unexpectedly large drop in U.S. crude oil stocks that coincided with only a small output increase from OPEC ahead of peak winter demand.
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Oil eased from its record high on Friday as a hurricane subsided in the Gulf of Mexico and as fresh evidence of credit troubles in the banking sector hit financial markets.
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U.S. oil eased and Brent backed away  from a new record-high on Tuesday as traders took profits from  a 3 percent surge after BP shut down Alaska's Prudhoe Bay  oilfield, the biggest in the United States, possibly for  months.
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Oil prices broke above $100 a barrel for the first time on Thursday, after a U.S. government report showed a steep slide in crude inventories in the world's biggest energy consumer.
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Oil prices dipped on Thursday, after jumping to a lifetime high of $100 the day before, fuelled by expectations of thinning U.S. stockpiles, the falling dollar and geopolitical risks.
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Oil eased on Thursday after crude stocks piled up in top consumer the United States and weighed on already well-supplied markets.