Oil extends bounce as Iran set to defy U.N. deadline
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Oil prices rose more than half a  percent on Thursday as Iran looked set to defy the United  Nations' deadline for halting nuclear enrichment, raising the  risk of sanctions against the world's fourth-biggest exporter.
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Oil prices held steady early on  Monday with trade muted by the U.S. holiday and dealers braced  for several weeks of inaction on Iran's nuclear issue after the  European Union gave Tehran up to two weeks to clarify its  stance.
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Global oil prices edge up in early Thursday trading ahead of a key meeting by oil producers group Opec.
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World oil prices surged to historic highs Friday, breaching 92 dollars for the first time in New York on rising tension in crude-rich Iran and tight US energy supplies, analysts said.
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Oil climbed above $61 to a seven-week high on Friday after top fuel consumer the United States reported an unexpected drop in gasoline stocks and Iran said it would show 'no weakness' over its nuclear program.
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Oil prices crept higher on Wednesday   after suddenly resuming their six-week rout a day ago,   undermined by expectations of another rise in already bulging   U.S. winter fuel stocks and more talks over Iran.
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Oil rose to $71 a barrel on Friday, near a nine-month high, as a strike in Nigeria threatened more of the country's output and Iran remained defiant over its nuclear program.
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Oil prices firmed above $70 on   Wednesday as dealers weighed tensions over Iran's nuclear   program against robust crude inventories in the United States,   the world's largest energy consumer.
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Iran has begun enriching a new batch   of uranium just days ahead of a U.N. deadline for Tehran to   suspend atomic fuel work or face possible sanction, The   Washington Post reported on Wednesday.
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Oil prices extended a bounce from three-week lows on Monday, climbing back above $52 for US crude amid jitters over tight global winter fuel stocks and this week&#39;s US presidential election.
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Tehran is confident of reaching a  negotiated settlement over its nuclear program, a senior  Iranian diplomat said in Tokyo on Thursday, as the United  Nations nuclear watchdog seemed set to report that Iran had  defied a deadline to halt atomic fuel work.
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SINGAPORE/LONDON  - Oil steadied above $70 a   barrel on Friday on expectations of a long delay before the   United Nations decides on sanctions against Iran, the world's   fourth-largest exporter.
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Oil stayed well above $64 a barrel on  Thursday as the stand-off over Iran's nuclear program and  concerns over Nigerian supplies due to an oil workers' strike  supported the market.
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JAKARTA The Organization of Petroleum Exporting Countries is united on the need to raise its oil price target to an average of $30 a barrel, a top Iranian oil official said on Thursday, but the cartel has yet to agree on when to move its price range higher
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The U.N. nuclear watchdog is likely to   report on Thursday that Iran has defied a deadline to halt   atomic fuel work, exposing it to possible sanctions over   Western fears Tehran may be secretly trying to build atom   bombs.
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Oil prices rebounded to above $66 a  barrel on Tuesday, with bargain-hunting traders ending a  six-day retreat after Iran sounded a softer note on its atomic  program and OPEC agreed to keep production steady for now.
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Oil prices jumped more than a dollar on  Thursday after the International Energy Agency warned that  faster-than-expected demand and disappointing world production  growth could put world supplies under strain.