Oil prices rebound on OPEC, Nigeria jitters
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Analysts say OPEC could cut of oil production quota on Fridayâs meeting if US oil prices keep sliding. LONDON - Oil prices rebounded Monday after falling sharply last week on receding supply worries, buoyed
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Crude oil futures prices rose Wednesday because of lingering concerns about heating oil supplies and fears that OPEC could rein in output when it meets later this week.
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Oil prices ticked higher on Tuesday after dropping 1 percent a day earlier as traders were torn between supply anxieties in Nigeria and the looming end of winter oil demand in top consumer the United States.
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Oil prices inched up from a three-month low on Monday as traders caught their breath after last week&#39;s 14 percent dive and considered a possible output reduction at OPEC&#39;s upcoming meeting.
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Oil prices rose to record highs Monday  near $50 a barrel for U.S. crude as Nigeria emerged as the  latest focus for worries about supply in an already tight  worldwide energy market.
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Oil prices resume their upward path, lifted by reports of pipeline sabotage in Iraq and fears that Russian firm Yukos may cease production.
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Oil's rally wavered on Thursday, but  worries over the security of Nigerian supply supported prices  despite an easier U.S. crude inventory picture and news that  Russia's YUKOS would resume full supply to China.
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Oil prices rebounded Friday but remained below $50 a barrel after declining 4 percent over the past week due to rising US supplies of crude and natural gas.
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High-flying oil climbed back toward $50  a barrel on Thursday, with worries over the security of  Nigerian supply supporting prices despite a surprise build in  U.S. crude inventories.
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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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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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World oil prices ticked up from a three-month low on Monday as traders looked for OPEC to take action to stem a slide which knocked 14 percent off crude prices last week.
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Oil rebounded on Tuesday after falling nearly 3 percent a day earlier, as the specter of a recession in the United States haunted traders who fear it will diminish oil demand from the world's biggest consumer.
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Oil prices bounced back on Friday,  ending this week's 8 percent slide on renewed winter supply  fears and jitters ahead of next week's U.S. presidential  election.
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Oil prices rebounded Friday but remained below $50 US a barrel after declining four per cent over the past week due to rising US supplies of crude and natural gas.
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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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Crude oil climbed back over $50 a  barrel on Thursday, with worries over the security of Nigerian  supplies supporting prices despite a surprise increase in U.S.  crude inventories.