Oil prices firm after five-day decline
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NEW YORK : World oil prices firmed after a five-session drop amid renewed concerns over unrest in Iraq despite a ceasefire in its holy city of Najaf.
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Oil prices steadied Friday, after  Thursday's 5 percent surge, as OPEC producers signaled their  readiness to defend prices by cutting global supply.
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Oil prices held firm on Friday after leaping almost $2 a day earlier on news US crude stocks sank to a five-month low last week and distillate fuels barely grew ahead of winter.
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Oil prices held firm around $51 a  barrel on Wednesday, hovering near record highs amid the  sluggish recovery in U.S. Gulf oil production and an  anticipated decline in key winter fuel stocks, dealers said.
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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 held steady near $47 a  barrel on Wednesday, a day after setting another record when  the U.S. government said inflation has stayed in check despite  rising energy costs. Weekly data expected to show a drop in  U.S. crude inventories also helped support prices.
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WASHINGTON -- Oil prices fell to a five-month low yesterday amid easing gasoline demand and growing doubts among some traders that Iran will pull supplies off the market.
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Oil prices firmed after touching a four-month low on Wednesday, as a government report showing that US supplies of heating oil rose only slightly last week kept dealers on edge ahead of Friday&#39;s OPEC meeting.
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US oil prices have fallen by 5%, driven down by forecasts of a mild winter in the densely populated northeast. Light crude oil futures fell $2.25 to just below $42 a barrel on the New York Mercantile Exchange (Nymex), and have now lost $4 in five days.
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Oil prices were steady on Tuesday after   slumping to an 11-week low the previous session as supply   concerns eased with the end of the U.S. summer driving season.
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Oil prices fell to their lowest in five  months before steadying on Thursday, pausing from a three-day  decline as dealers zeroed in on healthy U.S. inventories  heading into the mild autumn demand season.
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Oil prices jumped on Thursday after the  U.S. government said that crude stocks fell to a fresh  five-month low last week, as refineries worked hard to meet  demand.
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Oil prices rose for a second day on   Friday after a brief mid-week dip below $60, as investors   anticipated the market's six-week slump driven by rising U.S.   inventories and easing Iran tensions may be coming to an end.
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OIL prices retreated in New York and rose marginally in London today as worries about the impact of Hurricane Frances subsided. New York&#39;s reference contract, light sweet crude for October delivery, tumbled
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Oil prices edged higher for the  second day on Wednesday, recovering from a week-long $5 slump  ahead of U.S. inventory data expected to show a slight draw in  distillates, which include winter heating fuel.
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Oil prices steady after a fall off in US demand saw them hit their lowest levels for five months.
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U.S. oil prices were steady on Thursday, holding gains of nearly &#36;2 from a day earlier after a U.S. government report showed crude oil stocks falling to their lowest level in five months.