Oil steadies below $69
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Oil steadied at below $69 a barrel on   Wednesday, hovering near its lowest in three and a half months   as dealers feared oil stocks may quickly build up now that the   northern hemisphere summer season has ended.
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Oil stayed near $63 a barrel on  Friday, weighed down by bulging natural gas and heating oil  inventories in the United States and the suspension of an oil  workers' strike in Nigeria.
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Oil prices traded marginally lower on  Wednesday ahead of key U.S. data, which was expected to show a  rise in heating fuel supplies as mild winter temperatures  suppressed demand in the United States.
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Oil fell below $61 a barrel on Wednesday   after a larger-than-expected increase in fuel inventories in   the United States, the world's largest oil consumer.
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Oil hovered around $63 a barrel on   Friday, near its lowest levels since March, as ample U.S. fuel   stocks looked set to meet winter heating demand in the world's   biggest consumer.
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Oil steadied above $65 a barrel on   Tuesday, taking a breather from 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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Why oil won't fall below $60 again.
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Oil prices traded below $42 a barrel Wednesday following a U.S. government report that commercially available supplies of crude oil and distillates, which include heating oil, shrank last week.
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Oil prices slipped on Monday but held  above $49 a barrel as easing concerns about a winter supply  crunch pulled the market further away from record highs set two  weeks ago.
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Oil prices edged below $49 a barrel on  Wednesday as traders factored in expectations for petroleum  stock builds in weekly U.S. inventory data that would ease  supply worries ahead of peak northern winter demand.
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Oil slid almost $2 to a six-week low below $89 a barrel on Monday, as stock markets plummeted and concerns mounted over an economic slow-down led by top consumer the United States.
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Oil prices were steady near $61 a barrel on Wednesday after hitting a two-week low amid disagreement among OPEC members over whether to cut output.
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Oil prices fell to seven-week lows below  $47 a barrel on Wednesday as traders braced for another  increase in U.S. oil and natural gas inventories.
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Oil steadied above $61 a barrel on   Tuesday as producer group OPEC kindled fears of production   cuts, saying oil's recent slide from record peaks had brought   prices too low.
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Oil prices came within a whisker of  retesting a near six-month low of $63 on Friday as supply  worries eased, knocking gold to three-month lows and dragging  resource shares such as Japan's INPEX lower.
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Oil prices held firm around $51 a  barrel on Wednesday, hovering near record highs amid the  sluggish recovery in U.S. Gulf oil production and an  anticipated decline in key winter fuel stocks, dealers said.
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Oil prices fell to a six-month low  under $60 a barrel on Monday as BP's move to restore output at  Prudhoe Bay earlier than expected added to a sense of healthy,  secure supplies, while demand growth questions loomed large.