After Steep Drop, Price of Oil Rises
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The freefall in oil prices ended Monday on a spate of ominous developments, including a deadly attack on a US consulate in Saudi Arabia and reports that OPEC might cut production this week.
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NEW YORK - Oil futures prices rose sharply yesterday, briefly climbing above a record $80 a barrel after the government reported a surprisingly large drop in crude inventories and declines in gasoline supplies and refinery activity.
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Oil prices bounced higher Friday following two days of sharp declines that came on the heels of rising inventories of crude in the United States and a move by China to cool its economy.
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The dollar rose on Tuesday as steep falls  in oil prices helped to lift it from multi-month lows hit the  previous day, but traders said the recovery could be  short-lived on worries about the U.S. economy.
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Oil prices briefly climbed back over $50  on Tuesday, pushed higher by supply outages in the North Sea  and fears about low stocks of winter heating fuels.
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The historic oil-price climb is finally easing - giving the US economy some more wind in its sails. Crude-oil prices dropped sharply yesterday and are expected to slide lower
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Oil prices jumped from a four-month low  on Wednesday as slow growth in U.S. heating fuel inventories  heightened fears for tight winter supplies.
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Oil prices increased on Monday for the first time in a week, reaching $43 a barrel after the US consulate in Saudi Arabia was attacked, and amid growing concerns that OPEC may try to stabilize oil prices after last week&#39;s sharp sell off.
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Oil prices rise higher after a report shows a bigger drop than expected in US oil stocks, a day before a crucial Opec meeting.
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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.
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Oil prices are rising as hopes of a rise in production from next week's Opec meeting dwindle.
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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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NEW YORK - A sharp drop in oil prices gave Wall Street a modest relief rally Monday, with stocks edging higher on news that oil production had soared during the month of September.    Investors who have sold stocks for months as oil prices climbed reversed course Monday and started buying as the price of crude declined...
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Oil prices rose for a second day on   Friday after a brief mid-week dip below $60 a barrel, as   investors bet a six-week slump driven by rising U.S.   inventories and easing Iran tensions could be coming to an end.
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Oil prices jumped nearly two dollars  on Thursday after the U.S. government said crude stocks fell to  a fresh five-month low last week and distillate fuel  inventories barely grew ahead of winter.
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The price of oil jumped back above 90 dollars on Friday, helped by a recovery in global stock markets on the back of plans for a stimulus package to prevent the US economy falling into recession, traders said.
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Oil prices dropped more than two   dollars Tuesday, resuming the steepest slide in more than a   decade as high inventories eased supply worries ahead of winter   and countered concern over simmering geopolitical tensions.