Oil Little Changed as US Inventories Expected to Meet Demand
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Crude oil futures were little changed after yesterday falling near a seven-week low on expectations an increase in imports and inventories will ensure US refiners have enough for winter heating oil production.
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Oil prices held steady on Wednesday  as traders awaited key inventory data in the United States, the  world's biggest energy consumer, and a fresh outlook on the  U.S. economy from the Federal Reserve.
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LONDON : Oil prices fell as markets reckoned on there being enough heating fuel to meet demand in key markets once winter arrives, despite further drops in US stockpiles, analysts said.
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Oil prices held steady on Thursday as concern over lean heating fuel supplies in the United States and Europe ahead of winter stemmed falls of nearly $10 since late October.
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Oil held steady just below $96 a barrel on Thursday after a three-day rally, as traders awaited a sixth-weekly decline in U.S. crude inventories and attached a bigger supply-risk premium to Turkish bombing in northern Iraq.
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Oil was steady on Tuesday after new supply disruptions in Nigeria and renewed geopolitical concerns about Iran rekindled supply worries, offsetting growing talk of a U.S. recession that would hurt oil demand.
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Crude prices stayed firm on Wednesday as traders held their positions ahead of mid-week US petroleum inventories data and braced for a possible production cut from oil cartel OPEC, which meets later this week.
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Oil prices were steady on Thursday after shedding gains made earlier in the week following a massive build in crude stocks in the United States.
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Oil prices held firm on Tuesday on concerns about another cold snap in the United States and possible supply disruption in the Middle East and Russia.
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US oil prices were slightly softer on Monday after a four-day break, but the threat of a cold winter stretching persistently low global heating oil inventories kept the market within sight of $50 a barrel.
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Oil futures steadied Thursday after a jump that reflected a drop in US crude and heating oil stocks amid rising demand fueled by cold weather spreading across the US Northeast and Midwest.
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Supplies of crude oil continue to swell in the United States, but don't expect that to translate into lower gas prices any time soon, one expert says.
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Oil held above $61 on Wednesday as   dealers balanced an expected swelling in robust U.S. winter   fuel inventories against a warning from producer cartel OPEC   that it may take action to stabilize tumbling prices.
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Oil prices held firm on Monday, clinging to gains made in the last week as the key heating oil consuming region of the U.S. Northeast braced for a cold snap that could test low winter fuel supplies.
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Crude-oil futures were little changed after plunging 6.5 percent yesterday amid speculation higher-than- normal temperatures in the US will reduce heating-oil demand.
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Oil was steady on Thursday, hovering  nearly $2 shy of its record high of $89 a barrel as one OPEC  minister raised the prospect of another output increase and  U.S. data showed rising inventories and weak demand.
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Oil prices eased on Wednesday, as gasoline inventories in the United States were expected to rise for the sixth week to soothe fuel supply concerns, though forecasts for strong demand limited losses.