Oil Rebounds After Iraq Pipeline Attack
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Oil prices rose on Friday, stemming five days of heavy losses as fresh sabotage attacks on Iraqi oil infrastructure despite a peace deal in Najaf renewed concern over the country&#39;s supplies.
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Oil rose above $96 a barrel on Monday,  lifted by mounting political instability in Pakistan and  growing tensions between Iran and the United States over  Tehran's nuclear ambitions.
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Oil rebounded to $58 a barrel on Thursday after its repeated failure to breach $60 triggered a two-percent sell-off the previous day.
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Iraqi oil output is now back above the levels seen before the 2003 invasion, says the International Energy Agency.
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LONDONâ OIL prices rebounded yesterday after falling sharply last week on receding supply worries, buoyed by jitters over this weekâs OPEC meeting and last weekendâs seizure of four flow stations in Rivers State, Nigeria by militant youths.
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Oil rebounded over $64 on Monday as   dealers stemmed a steep slide in recent weeks and BP announced   that production from its giant Thunder Horse oil platform in   the Gulf of Mexico would be delayed to 2008.
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Oil prices rose on Wednesday, stemming  an eight-session slide that has dragged prices down 14 percent  from record highs as news emerged of a fresh pipeline fire in  Iraq.
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Crude oil prices rose for the third day in a row Friday with the latest attack on Iraq&#39;s oil infrastructure keeping supply worries front and center.
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U.S. oil prices rose on Monday as Iraq's oil exports continued at more than 30 percent below normal after sabotage attacks on pipelines.
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Oil rises back above $91 a barrel after weekly US crude stockpiles fall much more sharply than expected.
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Iraq's oil exports rose 9.2 percent last year, the Oil Ministry announced Thursday, largely because improved security allowed pumping to resume through a pipeline from northern oil fields.
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Oil prices hit fresh highs on Friday, lifting U.S. crude above &#36;49 a barrel, driven by escalating violence in Iraq and unabated fuel demand growth from China and India.
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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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HOUSTON, Aug. 30 -- After a week-long plunge as speculators pulled out of the market, crude futures prices rebounded slightly Friday following the first in a new series of attacks by insurgents against oil field facilities in Iraq.
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World oil prices held firm on Friday after pipeline sabotage in northern Iraq kept up supply fears that have revived a powerful price rally.
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World crude prices rise amid fears that oil supplies from the Gulf of Mexico could be disrupted by Hurricane Ivan, and as saboteurs strike a pipeline in Iraq.
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Oil prices surged to a new high of $47 a  barrel on Wednesday after a new threat by rebel militia against  Iraqi oil facilities and as the United States said inflation  had stayed in check despite rising energy costs.