Oil Eases on Nigeria Peace Pact
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Oil prices eased on Monday after rebels in Nigeria withdrew a threat to target oil operations, but lingering concerns over stretched supplies ahead of winter kept prices close to &#36;50.
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Oil prices ended above the $50-a-barrel mark on Friday amid concern over possible conflict in Nigeria's oil-producing delta region, where a two-day truce between rebel militia and government forces is holding.
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Red-hot oil prices cooled, easing below 50 dollars a barrel in New York after news of stronger-than-expected US inventories and oil in the United States and diminishing fears of unrest in Nigeria.
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Oil eased below $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   oil exporter.
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Oil prices eased from new highs on Friday as dealers pocketed profits from a long record-breaking run after escalating violence in Iraq took US crude close to $50 a barrel.
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Oil prices continued to sink on Thursday as supply worries eased further on hopes that a tentative peace deal with Iraqi Shi&#39;ite fighters will decrease the threat of disruption to the country&#39;s revived oil exports.
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Oil prices held steady above &#36;49 on Friday as market unease persisted over supply security in Nigeria, despite peace talks, while the world's richest nations suggested oil resources were scarcer than first thought.
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Oil prices eased on Monday after rebels  in Nigeria withdrew a threat to target oil operations, but  lingering concerns over stretched supplies ahead of winter kept  prices close to $50.
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Oil prices eased from new highs on  Friday as dealers pocketed profits from a long record-breaking  run after escalating violence in Iraq took U.S. crude close to  $50 a barrel.
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ABUJA, Nigeria -- The leader of militia fighters threatening to widen a battle for control of Nigeria's oil-rich south said yesterday he agreed to a tentative deal with President Olusegun Obasanjo to end fighting in Africa's leading petroleum exporter that has riled global oil markets.
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NEW YORK - Oil prices fell for the fifth day in a row on Thursday after word of a peace deal in the embattled Iraqi city of Najaf raised hopes of more reliable oil shipments from the energy-rich country and encouraged a run of profit-taking by big money
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Oil prices ended above $50 a barrel on  Friday amid concern over possible fighting in Nigeria's  oil-producing delta region, where a two-day truce between rebel  militia and government forces was holding.
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Oil prices fell on Monday after a Nigerian oil union strike that had threatened to further curtail shipments was suspended at the weekend, although the start of the U.S. summer driving season limited losses.
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Oil prices ended above $50 a barrel amid concern over possible fighting between rebles and the military in Nigeria&#39;s oil-rich delta region.
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Oil prices slid from record highs above  $50 a barrel Wednesday as the U.S. government reported a  surprise increase in crude stocks and rebels in Nigeria's  oil-rich delta region agreed to a preliminary cease-fire.
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Oil eased on Thursday after a surge to one-month highs in the previous session following Turkey's raid on Kurdish guerrilla targets in northern Iraq.
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The Nigerian government has confirmed reports that rebel groups in the country&#39;s main oil producing region have agreed to a ceasefire.